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snow_tiger [21]
3 years ago
11

On January 1, 2015, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used t

o purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2015.
Required:
Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Business
1 answer:
lord [1]3 years ago
4 0
I do. Jjciifigoohpgog
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How are business entrepreneurs and social entrepreneurs different?
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The Department of Justice and the Federal Trade Commission must define the relevant market when determining whether to allow a m
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3 years ago
A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ord
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Answer:

the total cost of ordering and holding sugar is $1,000 per year

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<em>Step 1 Calculate the Economic Order Quantity(EOQ).</em>

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Total cost = Ordering Cost + Holding Cost

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3 0
3 years ago
The unrecognized net gain or loss balance must be amortized when it exceeds 10% of the larger of the: beginning accumulated bene
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beginning projected benefit obligation or the market-related asset value

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The balance of the Unrecognized Net Gain or Loss account subject to amortization only if it exceeds 10% of the larger of the beginning balances of the projected benefit obligation or the market-related value of the plan assets.

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