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3 years ago

Which two figures should you especially pay attention to when comparing repayment plans?

1 answer:

3 0

Answer: interest, and the amount of your payments

Explanation: the interest determines how much extra money you will pay on top of the principal amount of the loan. The amount of your payments is important as you need to figure out whether you can afford to pay a large amount each payment cycle to lower interest, or whether you can only afford to pay a small sum each cycle and end up paying more over a long time.

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On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2021. On J

icang [17]

Answer:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

Explanation:

Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.

Hattie McDaniel Company

Partial Balance Sheet

December 31, 2017

CURRENT LIABILITIES

Notes Payable 250,000

($1,200,000-$950,000)

LONG-TERM DEBT

Notes Payable 950,000

Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:

Current Liabilities:Notes Payable 250,000

Long-term Debt:Notes Payable 950,000

4 0

4 years ago

Davidson Company has 10,000,000 common shares issued and 400,000 shares of treasury stock. The stock's par value is $2 per share

emmainna [20.7K]

Answer: See explanation

Explanation:

Based on the information given in the question, the increase or decrease in the retained earnings will be calculated as:

= (10,000,000 - 400,000) × 15% × $15

= 9,600,000 × 0.15 × 15

= 21,600,000

The retained earnings will decrease by $21.6 million

The options given aren't correct.

6 0

3 years ago

Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assem

Ivahew [28]

Answer:

Results are below.

Explanation:

Giving the following information:

Supervisor salaries $117,000 per month

Depreciation $21,000 per month

Direct labor rate $15 per hour

Cabinets per hour= 60/20= 3

We need to determine the flexible budget for different production levels:

12,000 units:

Total direct labor hours= (12,000 / 3)= 4,000 hours

Total variable cost= 4,000*15= 60,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $198,000

15,000 units:

Total direct labor hours= (15,000 / 3)= 5,000 hours

Total variable cost= 5,000*15= 75,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $213,000

18,000 units:

Total direct labor hours= (18,000 / 3)= 6,000 hours

Total variable cost= 6,000*15= 90,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $228,000

3 0

3 years ago

If the supply of a product increases, then we would expect equilibrium price

olga55 [171]

With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.

The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.

Learn more about equilibrium price hear :

brainly.com/question/14903710

#SPJ4

5 0

1 year ago

Evan Corporation provided consulting services for Kensington Company in 2015. Evan incurred costs of $48,000 associated with the

lisov135 [29]

Answer:

2015 - $24,000

2016 - $0

Explanation:

The computation of profit for each year is shown below:

For 2015:

The profit = Service revenue - expenses incurred

= $72,000 - $48,000

= $24,000

For 2016:

There is no transaction to record under the accrual basis of accounting. So, the profit is zero

As in accrual basis of accounting, whether cash is received or not the transaction should be reported in the books of accounts

3 0

4 years ago