2 years ago

Short term interest rates show the cost of borrowing money for how long?

Business

2 answers:

soldier1979 [14.2K]2 years ago

8 0

They show for a few days or months

IgorC [24]2 years ago

8 0

Short term deals with days and weeks, maybe months

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Which spreadsheet type will determine how well a business has done over the past year?

masha68 [24]

<span>profit-and-loss statement</span>

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3 years ago

Giorgio Italian Market bought $11,100 worth of merchandise from Food Suppliers and signed a 120-day, 9% promissory note for the

Anvisha [2.4K]

Explanation:

The journal entry is as follows

Notes receivable A/c Dr $11,100

To Sales A/c $11,100

(Being the sales is recorded)

Since the merchandise transaction is done through note receivable so we debited the note receivable account and the transaction is of sale type so the sales account is credited. Both the transactions are recorded at $11,100

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3 years ago

Concord Corporation has several outdated computers that cost a total of $18000 and could be sold as scrap for $6000. They could

DanielleElmas [232]

Answer:

$18,000

Explanation:

Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.

With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.

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2 years ago

During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $24,000. On the date of delivery, January 2,

oksian1 [2.3K]

Answer:

Explanation:

January 1 Assets - no effect; Liabilities - no effect; Stockholder's equity - no effect

January 2 Assets: Cash -$8000; Equipment + $24000

Liabilities: Short term note payable +$16000

January 3 Assets: Cash -$700; Equipment +$700

January 5 Assets: Cash -$2500; Equipment +$2500

July 1 Assets: Cash -$16720; Liabilities: Short term note payable - $16,000

Stockholders equity - $720

*(24,000-8,000)*0.09*6/12 = $720

2. Acquisition cost of the machine:

Cash paid $8,000

Note payable with supplier $16,000

Freight costs $700

Installation costs $2,500

Acquisition cost $27,200

3. Depreciation(2013) = ($27,200 - residual value of $3,200) *1/10= $24,000/10 = $2400

5. Equipment cost = $27,200

Less: Depreciation [$2400*2] $4800

net book value of the machine at the end of 2014 $22,400

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3 years ago

Read 2 more answers

What is conceptualization

Volgvan

Answer:

the action or process of forming a concept or idea of something in your mind

Explanation:

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3 years ago