All the following items are similar to each other except one. Which item is least like the others?

A publicly traded construction company reported that it just paid off a loan that it received 1 year earlier. If the total amoun

Llana [10]

Answer:

$1,363,636.36

Explanation:

A public traded construction company just paid off a loan that was received one year earlier

The amount of money paid by the company was $1,500,000

The interest rate was 10% per year

= 10/100

= 0.10

Therefore the amount of money that was borrowed last year can be calculated as follows

Let x represent the amount of money borrowed

x + x(0.10)= 1,500,000

x + 0.10x= 1,500,000

1.1x= 1,500,000

x= 1,500,000/1.1

x= $1,363,636.36

Hence the company borrowed $1,363,636.36 a year ago

7 0

3 years ago

A company purchased $10,500 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $750

defon

,Answer:

$9,825

Explanation:

Merchandise Costs must include all costs related to acquisition of merchandise such as freight charges for valuation purposes - IAS 2.

Therefore Cost of Merchandise Purchased was, $10,500 + $750 = $11,250

Merchandise Purchase - June 15 :

Debit : Merchandise $11,250

Credit ; Discount Received (2% x $11,250) $225

Credit : Account Payable (98 % x $11,250) $11,025

Return of Merchandise - June 20 :

Debit : Accounts Payable $1,200

Credit : Merchandise $1,200

Amount to be Paid - June 24 :

Debit : Accounts Payable ($11,025 - $1,200) $9,825

Credit : Cash $9,825

4 0

3 years ago

What is a disadvantage about buying a home?

lisabon 2012 [21]

Answer:

c. you need a lot of money to buy a home

Explanation:

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8 0

3 years ago

Read 2 more answers

MJJM Inc. has four equal shareholders who are unrelated. Each shareholder owns 300 shares of the common stock of MJJM Inc. repre

Zarrin [17]

Answer:

D. Michael only.

Explanation:

Redemption is a process where a company requires its shareholders to sell a portion of their shares to the company and shareholders are liable to sell the shares. MJJM Inc. has four equal shareholders. Each shareholders has 300 shares. The redemption should also be in equal proportionate. A redemption is considered disproportionate if the shareholder owns less than 50 percent of the stock before redemption which is immediately after the redemption. In this case the redemption is substantially disproportionate for Michael as he has to redeem 150 shares out of 300 shares.

7 0

3 years ago

Eukaryotic cells are continually taking up materials from the extracellular space by the process of endocytosis. One type of end

olga_2 [115]

Answer:

The correct words that fills the gaps are: pinocytosis; clathrin; endosome; phagocytosis; pseudopods.

Explanation:

The eukaryotic cell The term eukaryotic refers to a true nucleus, separated from the rest of the cell. Eukaryotic organisms include algae, protozoa, fungi, plants, and animals. This group of organisms has a mitotic apparatus, which are cellular structures that participate in a type of nuclear division called mitosis and other organelles responsible for specific functions, including mitochondria, endoplasmic reticulum and chloroplasts.

Eukaryotic cells have a compartmentalized cytoplasm, with separated or interconnected membrane organelles, limited by biological membranes that are of the same essential nature as the plasma membrane.

The nucleus is only the most notable and characteristic of the compartments into which the protoplasm is divided, that is, the active part of the cell. In the protoplasm we distinguish three main components, namely the plasma membrane, the nucleus and the cytoplasm, constituted by everything else.

Eukaryotic cells are equipped in their cytoplasm with a complex, highly structured and dynamic cytoskeleton, formed by microtubules and various protein filaments. There may also be a cell wall, which is typical of plants, fungi and multicellular protists, or some other type of coating external to the protoplasm.

6 0

3 years ago