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eimsori [14]
3 years ago
12

On December 31, 2020, Bonita Industries has $5960000 of short-term notes payable due on February 14, 2021. On January 10, 2019,

Bonita arranged a line of credit with Beach Bank which allows Bonita to borrow up to $4450000 at one percent above the prime rate for three years. On February 2, 2021, Bonita borrowed $3570000 from Beach Bank and used $1540000 additional cash to liquidate $5080000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2020 balance sheet which is issued on March 5, 2021 is
Business
1 answer:
mina [271]3 years ago
7 0

Answer:

$2,420,000

Explanation:

The computation of the current liabilities reported is shown below:

= Short term note payable due - liquidate value of short term note payable + additional cash used

= $5,960,000 - $5,080,000 + $1,540,000

= $2,420,000

First we take the difference of the short term note payable and then we added the additional cash used so that the amount of current liabilities could come

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What is a similarity between checks and balances and federalism?
grandymaker [24]
A similarity between both of those is that they are both types of limited governments.
Federalism is when the power is shared between the states and the national government.Checks and balances is a principle of the United States Constitution that gives each branch of government the power to check, or limit the other branches.

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3 years ago
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A ________ identifies the target market, the merchandise and services (retail format) that will be offered, and how the company
kkurt [141]

A <u>retail strategy</u><u> i</u>dentifies the target market, the merchandise and services (retail format) that will be offered, and how the company will achieve a long-term advantage over its competitors.

A retail strategy is a technique you operate to increase your products or services and promote them to customers. There are a couple of elements to this plan, consisting of the region, shop, products/assortment, visual merchandising, a team of workers, carrier, mass media and communications, and fee.

Normally while we go to a retail store, just earlier than the billing counter, we see merchandise like gums, sweets, and different products with smaller SKUs that may simply be picked whilst the consumer is ready on the billing counter.

The retail strategy is a part of a strategic advertising and marketing plan that attracts or reaches consumers at once. It consists of product pricing/reductions, fee structure, promotional schemes, product overall performance demonstration, and fee structure for shops.

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5 0
1 year ago
Which of the following is a characteristic of a perpetual inventory system?
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c. Cost of goods sold is recorded with each sale.

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The examples are purchase, purchase return, sales and sales return and sales discounts and purchase discounts

After each transaction, the inventory and the costs of goods sold are updated after each sale

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3 years ago
Suppose you know a company's stock currently sells for $80 per share and the required return on the stock is 9 percent. You also
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Answer:

The the current dividend per share is $3.45

Explanation:

Solution

Recall that:

A company stock currently sells for =$80

the required return on the stock = 9%

The current dividend per share = ?

Now,

The dividend in year 1 pr D₁=80*(9%/2)=3.6

Thus,

The current dividend per share =3.6/ (1+4.5%)

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4 years ago
Nolan wants to raise money to participate in a cancer fundraiser walk. He sets the following goal for himself:
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The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is  Measurable, Attainable, and have a Deadline.

<h3>What is the Mad goals concept?</h3>

The ​​MAD Goals are:

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The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is  Measurable, Attainable, and have a Deadline. When the cancer donations falls within the define steps above, she can be able to attain her goal.

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