1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sesenic [268]
2 years ago
7

Exercise (2):

Business
1 answer:
Rasek [7]2 years ago
3 0

Answer:

 

                    Amount in $  

                                              Dr.          Cr.

Salaries Expense   1,300  

Salaries Payable       1,300

   

Salaries to be paid in august    

   

Bank             20,000  

Long term loan       20,000

   

Loan received from bank on a 10 year note    

   

Interest Expense   200  

Interest payable      200

   

Expense on loan for 10 years ( 20,000 *.12*1/12)    

   

Revenue           2,400  

Receivable             2,400

   

Unrecorded revenue    

Explanation:

1. Salaries are payable in august so a payable will be recorded for the amount. and  an expense will be booked for the month.

2. Since this loan is for a period of more than 12 months so it will be treated as long term and interest on it will be calculated as mentioned above.

3. Unrecorded revenue will be recorded at mentioned above.

You might be interested in
Cheryl Peterson, a U.S.-based business executive, paid the equivalent of $20 to an official of the country of Murundi to expedit
Svet_ta [14]

Answer:

The correct answer is letter "E": a grease payment.

Explanation:

Grease payments are types of bribes given to low-rank deputies to expedite a business decision, delivery or other transaction characterized for providing that representative an insignificant amount of money for that person to make the favor, usually when the fact of giving that money is legally needles.

5 0
3 years ago
Paul Parrino purchased from Daves Professional Wheelchair Service a wheelchair manufactured by 21st Century Scientific, Inc. The
expeople1 [14]

Answer:

In this case, 21st Century would probably win the lawsuit since its brochure never stated a specific amount of time, for example, 3, 5, or 10 years. So it cannot be considered an express warranty. Besides, the fact that the wheelchair actually lasted a few years (doesn't specify how many), it is more than consumer protection laws generally require.

5 0
2 years ago
A+b+c=4<br> aa+bb+cc=10<br> aaa+bbb+ccc=22<br> aaaa+bbbb+cccc=???
WINSTONCH [101]

Answer:

46

Explanation:

The pattern appear to be the answer  multiplied by 2 and adding  2.

i.e., answer to the next raw id answer to the previous answer times 2 plus 2

second raw = (4 x 2) + 2= 10

Third raw = (10 x 2) + 2 = 22

Forth raw = (22 x 2) + 2= 46

3 0
2 years ago
A stock has an annual dividend of $10.00 and it is expected not to grow. It is believed the stock will sell for $100 one year fr
Shkiper50 [21]

Answer: C

Explanation: The present value of a stock is the sum of all future cash flows discounted using a rate.

The future cash flows, in this case, is the proceeds from selling the stock ($100) and the dividend ($10).

We can calculate the current price of the stock using the formula:

($100 + $10) / (1 + 6%) = 103.77

8 0
2 years ago
According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer t
azamat

Answer:

The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.

Explanation:

According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.

This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.  

5 0
2 years ago
Other questions:
  • CopperCore Inc., a U.S. business, took a 31 percent equity interest in Javier Holdings, a family business based in Spain. Accord
    5·1 answer
  • Let's go back to explaining the survey data in which 60 % chose Edwards over Obama, 60 % chose Edwards over Clinton, 60% chose C
    5·1 answer
  • You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows ar
    6·1 answer
  • Effective managers their dominant decision style to avoid making mistakes. for each example, select the decision style that most
    13·1 answer
  • A negotiable instrument can function as a substitute for cash.
    11·1 answer
  • "The degree of financial leverage is the ratio of​" ________ to percentage change in EBIT. A. operating profit B. percentage cha
    10·2 answers
  • A(n) ___, the least severe
    13·1 answer
  • Your store is running a sale. All dresses are 40% off. One dress sells for $150. How much money will someone buying this dress s
    8·1 answer
  • You are evaluating a potential purchase of several light-duty trucks. The initial cost of the trucks will be $194,000. The truck
    8·1 answer
  • Layout analysis at arnold palmer hospital resulted in recognizing that the nursing staff spent ______ of their time just walking
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!