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4vir4ik [10]
3 years ago
6

On April 1, 2021, the Electronic Superstore borrows $23 million of which $7 million is due in 2022. Show how the company would r

eport the $23 million debt on its December 31, 2021 balance sheet. (Enter your answers in dollars not in millions. For example, $7,000,000 rather than $7 million.)
Business
1 answer:
Serggg [28]3 years ago
4 0

Answer:

Long term liabilities is $23,000,000

Explanation:

                 Electronic Superstore

        Balance Sheet (Not Full) at December 31, 2021

Details                                                Amount ($)

Current liabilities                                     NA

Long-term liabilities                         <u>  23,000,000 </u>    

Total liabilities                                   <u> 23,000,000 </u>                  

Note that the $7 million will due in 2022  not in 2021. Therefore, this does not effect on the 2021 balance sheet entries.      

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GuDViN [60]

Answer:

The establishment of social welfare programs.

Explanation:

This is the answer for Ap3x.

5 0
3 years ago
During 2017, Windsor Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Windsor’s
Illusion [34]

Answer:

Description                              2017              2016            2015

Net Income                             $146,402‬    $107,281‬       $123,114‬

Explanation:

The question is to compute a statement of income comparative figures. The step is therefore to use the weighted average pricing method to replace the historical income before taxes for both years 2016 and 2015. After this is done, we then re-calculate the appropriate taxes and arrive at the net income.

Description                              2017              2016            2015

Income before taxes             206,200         151,100        173,400

Subtract: Income tax @29%   59,798‬           43,819‬           50,286‬

Net Income                             146,402‬         107,281‬         123,114‬

5 0
3 years ago
The Converting Department of Tender Soft Tissue Company uses the average cost method and had 1,900 units in work in process that
bezimeni [28]

Answer:

a. The number of whole units to be accounted for and to be assigned costs for the period is 17,000 units

b. The number of equivalent units of production for the period is 16,160 units

Explanation:

a. The computation of the whole units assigned for the period is shown below:

= Units completed and transferred + ending units of work in progress

= 15,800 units + 1,200 units

= 17,000 units

b. The computation of the equivalent units are shown below:

= (Units completed and transferred × percentage of completion) + (ending units of work in progress × percentage of completion)

= 15,800 units × 100% + 1,200 units  × 30%

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5 0
3 years ago
Expansionary monetary policy Group of answer choices 1. lowers interest rates, causing aggregate demand to shift to the right. 2
masha68 [24]

Answer:

2. raises interest rates, causing aggregate demand to shift to the right.

Explanation:

Expansionary Fiscal Policies try to increase Aggregate demand by :-

  • Decrease in taxes by government ; or / and
  • Increase in government spending

The government injecting more money in public : by reduced taxes & increased govt spending - increases the aggregate demand .

The government finances this increased public spending with same or  decreased taxes - through borrowings.

The government borrowing funds reduces the loanable funds in capital market, this loans' excess demand in capital markets increase their price i.e Interest.

4 0
3 years ago
Dave and his partner are studying the strengths and weaknesses of their construction business, Ajax Construction, as well as res
jenyasd209 [6]

Answer:

SWOT Analysis.

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Dave and his partner are studying the strengths and weaknesses of their construction business, Ajax Construction, as well as researching the opportunities and threats in the external environment. Dave and his partner are conducting a SWOT analysis. In SWOT analysis, we analyse our strengths and weaknesses, which comes from inside and we evaluate outside environment which can pose opportunities and threats on us. SWOT analysis is one the basic tool which can tell us what needs to be corrected and where we have to perform better and what segments we should serve, what new product we should enter in our portfolio. It also tell us what business we could be in and what business we should be in.

5 0
3 years ago
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