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3 years ago

Below are several amounts reported at the end of the year.

Business

1 answer:

Zarrin [17]3 years ago

3 0

Answer:

Calculation of the amount of cash to report in the balance sheet

Particulars Amount

Currency located at the company $800

Short-term investments that mature $1,700

within three months

Balance in savings account $7,500

Checks received from customers $400

but not yet deposited

Coins located at the company $100

Balance in checking account $5,200

Cash at the end of the year $15,700

Thus, the amount of cash to report in the balance sheet is $15,700,

Note: Supplies ,account receivables and prepaid rent are current asset of the company other than cash. Equipment are non cash

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On January 1, Weatherholt Inc. issued $5,000,000, 9% bonds for $4,695,000. The market rate for these bonds is 10%. Interest is p

saveliy_v [14]

Answer:

At the end if the first year, Weatherholt should report unamortized bond discount of

$285,500

Explanation:

The entry to record the bond issuance is as follows:

On January 1

It the moment of the bond issued the company register:

Debit $4,695,000 Cash

Debit $305,000 Discount on Bond Payable

Credit $5,000,000 Bonds Payable

Bond Discount: $305,000

At the moment of the first interest payment:

Interest Payment Stated: $450,000 = 9%*$5,000,000

Interest Market Rate 10% by Book Value Bond:

10% * $4,695,000 = $469,500

Amortization of Bond Discount: $469,500 - $450,000 = $19,500

Debit Balance in the Account Bond Discount:

$305,000 - $19,500= $285,500

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3 years ago

Lino is a linebacker on his college football team. He is concerned about achieving adequate hydration during intense, hot summer

dybincka [34]

Answer:

C) 14 cups of water

Explanation:

Athletes should consume between 2 to 3 cups of water or other fluids (like Gatorade) for every pound lost in order to prevent dehydration.

If Lino losses 5 pounds during practice, he should drink between 10 to 15 cups of water. Option C, with 14 cups of water is the only option that falls in that range.

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3 years ago

Darwin is a 60-year-old software engineer for Compuswerve, Inc. Recently, the company went through a reorganization process mean

yanalaym [24]

Answer:

Darwin and Compuserve, Inc.

1. d. if Darwin was unable to perform the essential functions of his job

e. if Darwin had another job offer elsewhere

2. b. Title VII

3. a. No, because Darwin was treated less favorably than younger employees based solely on his age.

Explanation:

Title VII of the Civil Rights Act of 1964 is a federal law that protects employees against discrimination based on certain specified characteristics: race, color, national origin, sex, and religion. Under Title VII, an employer may not discriminate with regard to any term, condition, or privilege of employment.

Federal employment laws prohibit discrimination of persons who are over 40 years.

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3 years ago

Beckett Co. sold merchandise on account for $11,700, terms 1/10, n/30. Freight charges of $360 were prepaid by the seller and ad

Yuki888 [10]

Answer:

Beckett Co received $ 10.699,65‬

Explanation:

We have to determnate the balance of the invoice after the returned and the discount granted. We also have to receive the freight from the customer as we prepaid them to refund this amount against the customer:

invoice balance:

11,700 nominal less 1,350 return = 10,350

discount granted: 10,350 x 1% = (10.35)

freight refund 360

total cash proceeds: 10.699,65‬

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4 years ago

Bro r u kidding me smh

antoniya [11.8K]

Answer: THATS SO F-U-C-K-I-N-G STUP.ID!!!!!!!!! HOW HARD IS IT FOR THEM TO GIVE YOU MORE TIME!!!!!!!!!

Explanation:

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3 years ago

Read 2 more answers