Answer:
Current liabilities at December 31, 2014 for Irkalla;
$200,000 + $100,000 + $2,000,000 + $1,000,000 = $3,300,000.
Method of reasoning: Accounts payable-exchange and Short-term borrowings consistently fall under "Current Liabilities". Development for Other bank advance has not explicitly given (for example develops June 30, 20 × 5), so we accept it to develop on June 30, 2015. Since development is expected inside 1 year, it additionally falls under current risk as term is just a single year. On the bank credit of $2,000,000, Irkella has damaged the terms, so now this advance is likewise required to be paid off soon and thus it additionally now goes under "Current Liabilities"
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Answer:
D) debit Supplies, $1,500; credit Supplies Expense, $1,500.
Explanation:
The first journal entry was:
Dr Supplies expense 4,000
Cr Cash 4,000
If at the end of the year the supplies inventory equals $1,500, then the supplies expense must decrease. Expenses have a debit balance, if we want to decrease them, we must credit them.
The adjusting entry would be:
Dr Supplies 1,500
Cr Supplies expense 1,500
This way the supplies account (asset) increases, while the expenses decrease.
Answer:
6.56%
Explanation:
Given:
The amount paid to the bank = $2,000
Let the interest rate paid be 'r'
By compound interest ,
After 1 year the paid amount will be $2000 × ( 1 + r )
Now,
the bank is paying $140 every year
thus,
2000 × ( 1 + r ) = 
or
2000r + 2000r² = 140
on solving the above quadratic equation, we get
r = 0.0656
or
r = 6.56%
Hence,
interest rate the bank advertising = 6.56%
Answer:
Standard deviation of Tc is 1600
Explanation:
See attached file
