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3 years ago

Select the correct answer from the drop-down menu.

Business

2 answers:

ExtremeBDS [4]3 years ago

6 0

Answer:

Explanation:

Select the correct answer from the drop-down menu.

Which type of college credit program does the statement describe?

In a(n) _____________

program, a student must pass an exam at the end of course with a 3 out of 5 in order to get college credit. Some colleges require even higher scores or they will not accept the credit.

adelina 88 [10]3 years ago

4 0

In an AP (advanced placement) program

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On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, with a face amount of $19.9 mil

bearhunter [10]

Answer:

Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

Explanation:

According to the scenario, computation of the given data are as follows,

Face value = $19.9 million

Issued bond rate = 8% annually or 4% semi annual

So, Cash = $19,900,000 × 4%

= $796,000

Issued bonds value = $17.9 million

Market yield = 10% annual or 5% semi annual

So, Interest revenue = $17,900,000 × 5%

= $895,000

So, Journal entries are as follows,

Jun.30,2021 Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

(Being interest revenue on June30 is recorded)

5 0

3 years ago

The budget of an economy is said to be in deficit when:

Sliva [168]

The answer is A because there is a loss of value of a countries with one or more foreign reference

6 0

3 years ago

Sales mix is the relative combination of:

Jet001 [13]

Answer:

d. Products sold by a firm.

Explanation:

Combination of products sold in relation to total products sold by the firm.

A firm can have any number of products and the proportion of each product in relation to the total number of units sold of all products together is the sales mix. For example a firm with 2 products sells P1 4000 units and P2 6000 units the sales mix then would be P1 40% and P2 60%. Therefor option D) is the right choice and accurate definition of a sales mix.

Hope that helps.

4 0

3 years ago

sheridan company had beginning inventory of $12600 at March 1, 2022. During the month, the company made purchases of $54600. The

ANTONII [103]

$52670 is the cost of goods sold for the month of March

<h3>What is cost of goods ?</h3>

The carrying value of goods sold during a specific period is referred to as the cost of goods sold. Costs are assigned to specific items using one of several formulas, such as specific identification, first-in-first-out, or average cost.

The value of a company's cost of goods sold is determined by the inventory costing method used. When recording the level of inventory sold during a period, a company can use one of three methods: The average cost method, first in, first out (FIFO), and last in, first out (LIFO)

If COGS rises, net income will fall. While this change is advantageous for income tax purposes, the business will generate less profit for its shareholders. Businesses thus try to keep their COGS low so that net profits will

To know more about cost of goods follow the link:

brainly.com/question/13767214

#SPJ4

7 0

2 years ago

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,

Lostsunrise [7]

Answer:

Interest revenue = $7800*8%/360*60

Interest revenue = $104

Date Journal Entry Debit Credit

Cash $7,904

Notes Receivable $7,800

Interest Revenue $104

5 0

3 years ago