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11Alexandr11 [23.1K]
3 years ago
9

Chang Co. issued a $54,300, 120-day, discounted note to Guarantee Bank. The discount rate is 9%. Assuming a 360-day year, the ca

sh proceeds to Chang Co. are ______ . Round your answer to the nearest whole dollar. a.$54,707 b.$59,187 c.$52,671 d.$54,300
Business
1 answer:
dimulka [17.4K]3 years ago
5 0

Answer:

c.$52,671

Explanation:

The computation of the cash proceeds to chang co is shown below;

But before that, we have to find the interest which is

= Issued amount × discount rate × number  of days ÷ total number of days in a year

= $54,300 × 9% × 120 days ÷ 360 days

= $1,629

Now the cash proceeds are

= Issued amount - interest amount

= $54,300 - $1,629

= $52,671

hence, the correct option is c.

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Accounts Payable: $19,207
lisabon 2012 [21]

Answer:

total liabilities = $169,008

Explanation:

total liabilities:

  • Accounts Payable: $19,207
  • Discount on Bonds Payable: ($7,000) ⇒ contra liability account
  • Sales Tax Payable: 3,512
  • FICA Tax Payable: 3,200
  • Bonds Payable: 100,000
  • Note Payable, due in two years 1,709
  • Unearned Service Revenue 30,500 ⇒ must be reported as a liability
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to determine the total liabilities we just have to add both current and long term liabilities, and subtract any contra liability accounts = $176,008 - $7,000 = $169,008

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2 years ago
Discuss Two social factors that may contribute to unemployment in South Africa amongst the youth?​
elena55 [62]

Some of the social factors that have led to unemployment in South Africa amongst the youth are:

  • High population growth.
  • High poverty rates.

As a result of high population growth, the number of youth in South Africa  has increased to a point where getting jobs for all of them is quite difficult.

High poverty rates also mean that a lot of the youth are unable to afford a tertiary education which means that they are unable to get the qualifications needed for a job.

Find out more on factors leading to unemployment at brainly.com/question/305041.

6 0
2 years ago
Read 2 more answers
List one method for accepting a job offer and one method for rejecting a job offer.
Daniel [21]
Accepting there papers.
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A geologist is a part of what career field? A. Mining B. plant care C. agriculture
Crank

Answer:

agriculture

Explanation:

because they study plants/geology

3 0
3 years ago
Zoe's Dog Biscuits, inc, has net cash flows from operating activities for the last year of $226 million. The income statement sh
Zigmanuir [339]

Answer:

D. $65 million

Explanation:

The computation of the  end of year balance for accounts receivable is shown below:

Cash flows from operating activities $226

net income $150

Add: depreciation $85

Less: increase in inventory -$14

Add: increase in wages and taxes $15

Add: increase in account payable $10

Total $246

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Opening account receivable $45

Ending account receivable $65

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