The answer to your question is true.
Introduction
main body of presentation should include for/against if applicable and an evaluation of the points raised
a conclusion
Answer:
$1,943.06
Explanation:
Monthly mortgage payment: $6.6 X $229 = $1,511.4
Monthly property taxes: $1,550/12 = $129.16
Monthly property insurance: $630/12 =$52.5
Monthly association fee: $250
Total monthly housing payment: $1,943.06
Answer:
Common stock and $100
Explanation:
The journal entry is shown below:
Cash Dr $500 (100 shares × $5)
To Common stock $100 (100 shares × $1)
To Additional paid in capital in excess of par value - common stock (100 shares × $4)
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity
Answer:
The AC Corporation takes 46 Days average to pay back its accounts payable.
Explanation:
Average Accounts Payable = $7863.5
Cost of Goods Sold = $63,008
Number of Days in Accounting Period = 365
Days Payable Outstanding = (Average Accounts Payable / Cost of Goods Sold) x Number of Days in Accounting Period
Days Payable Outstanding = ($7,863.5 / $63,008) x 365
Days Payable Outstanding = 45.55
Therefor, the company takes an average of 46 days to pay back its accounts payable.
