3 years ago

An account is said to have a debit balance if

Business

1 answer:

Sonja [21]3 years ago

4 0

If the amount of the debits exceeds the amount of the credits

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Which statement or statements apply to a bond which is selling at a premium? I. The market value exceeds the par value. II. The

kherson [118]

Answer:

Its A

Explanation:

I took the test

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2 years ago

At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon

Tomtit [17]

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

Dr Bonds payable 7,000,000

Dr Loss on retirement of debt 1,030,000

Cr Cash 7,070,000

Cr Discount on bonds payable 960,000

Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000

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3 years ago

Fiona, a regional sales manager, works from her office in State U. Her region includes several states, as indicated in the sales

son4ous [18]

Answer:

Payroll factor State U:

commissions $50,000
fringe benefit package $15,000

Explanation:

State Sales Generated Fiona’s Time Spent There

U $3,000,000 20%

V $4,000,000 50%

X $8,000,000 30%

Sales percentage generated in state U = $3,000,000 / $15,000,000 = 20%

so 20% of the $250,000 commissions should be assigned to state U = $50,000

Time spent in state U = 20% x $75,000 fringe benefits = $15,000 assigned to state U

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2 years ago

When traveling to another country you have the choice of paying for the stay when you book the reservation or when you check out

Digiron [165]

Answer and Explanation:

In the given situation, it is mentioned that while travelling to another country you have two choices for paying at the time of booking or at the time of checking out. Now at Jan the person made a reservation for staying at Italy and completed the stay as on April 30th so here the change in inflation would be matters whether it is increasing or decreasing. It is better to pay off at advances as there is a chances that the price could rise in near future

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3 years ago

Which of the following is an expense that results from the usage of a natural resource? A. depletion B. obsolescence C. depreci

pshichka [43]

Answer:

A. depletion

Explanation:

Depletion is provided as an expense for usage of natural resources like mines, quarries and oil wells.

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2 years ago