Answer:
January 1, 202x, bank loan obtained from Taylor Bank (9 months, 9% interest rate)
Dr Cash 117,933
Cr Notes payable 117,933
Explanation:
Since this is an interest bearing note that will be paid in less than a year, we should record it at face value. All current liabilities must be recorded at face value.
Answer:
E. I, II, III, and IV
Explanation:
Chief Financial Officer is the officer in charge of all the financial transactions who, monitor the business financially, so he uses his knowledge of finance in doing analysis and evaluation of the transactions.
Accountants do not only accounting but has also to perform the financial job many a times in calculating the amounts of each transactions.
Security Analysts are core finance related people, they basically evaluate each aspect in terms of finance of the security, how profitable it would, what are the related costs and benefits, etc:
Strategic managers use finance as to make the strategy that best suits the company to grow also further it helps the manager to take the decisions regarding the funds needed and the financial viability of the decisions to be made.
Answer:
The firm's tax payment is $ 102,200
Explanation:
Sales 3,600,000
Cost of goods sold. (2,300,000)
Gross profit. 1,300,000
Other operating exp. (840,000)
Depreciation expenses. (114,000)
Interest expense
625,000 × 8%. (50,000)
Gain on investment 30,000
Income before taxes. 326,000
Tax expense 31.34% × 326,000
Firm's tax payment is therefore $102,200.
The one that distinguishes money from the other assets is that it is used as a medium of exchange
Explanation:
Money is one of the most important factor in our day to day lives it has become as defining the country's economic standard and it is widely accepted all over the world
Money is used as the medium of exchange because we can buy all the necessary things using the money and can use it as a medium to exchange of goods and services. There are also other important functions as the method of comparing the values
Answer:
The correct answer is the interdependence of firms.
Explanation:
An oligopoly market is a market structure where there are a few firms. these firms are interdependent. Price and output decisions of a firm affect its rivals. An oligopoly firm faces a downward-sloping demand curve.
In other market structures like monopolistic or perfect competition, the firms are not interdependent.
