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Janice wants to sell her townhome, and her neighbor is considering buying it. While waiting to find out if her neighbor is going

Mrac [35]

It’s either b or c I think

4 0

4 years ago

As of December 1, Year 2, a company obtained a $1,000,000 line of credit maturing in 1 year on which it has drawn $250,000, a $7

NISA [10]

Answer:

B) Current liabilities of $400,000; long-term liabilities of $900,000.

Explanation:

Option B, detailed as follows:

$250,000, taken from the bank's credit line that expires in 1 year, therefore, is a current Liability.

$150,000 of Current Liability that comes from the annual installments of the secured note of $750,000, the other $600,000 is Long Term.

Finally, $300,000, Long Term of 3-year balloon note.

$250,000 + $150,000 = $400,000 Current Liabilities.

$600,000 + $300,000 = $900,000 Long Term Liabilities.

5 0

3 years ago

How much would ten dollars in american money be worth in india's currency?

jarptica [38.1K]

20 I think that is not my strong suit though

7 0

3 years ago

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for De

Dvinal [7]

Answer:

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

Explanation:

FIFO Method.

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For magic company , fully worked units is

= 480,000 - 72,000 = 408,000 units

Equivalent units using Weighted Average

Here, there are no distinction between opening inventory and the newly introduced.

Equivalent Units

Completed unit (100%× 480,000) = 480,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 523,200

Equivalent Units using FIFO

Item Equivalent Units

Opening inventory (40% × 72,000) = 28,800

Fully worked (100%× 408,00) = 408,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 480,000 

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

8 0

3 years ago

Which method for calculating credit card balances is best for the customer who made a large purchase in the current month but ha

Vera_Pavlovna [14]

Option:

A) Average daily balance method

B) average monthly balance method

C) adjusted balance method

D) previous balance method

Answer: . D) prevail balance method

Explanation:

The previous balance method is one that excludes payments, credits, and new purchases that happened during the current billing cycle, for calculating finance charges.

7 0

3 years ago