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2 years ago

A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?

Business

1 answer:

N76 [4]2 years ago

3 0

Answer:

the right is answer is B.

Explanation:

The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.

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Some companies may restrict what types of perfume or cologne may be worn in their workplace.

Viefleur [7K]

True there are some companies that don't allow you to ware some times of perfume or cologne

8 0

2 years ago

Read 2 more answers

Longordia Foods is expecting to generate after-tax income of $1,558,888, $2,933,312, and $3,261,712 for each of the next three y

Digiron [165]

Answer:

30.86%

Explanation:

It is a financial ratio used for the capital budgeting. It is the ratio of the average return generated by the capital asset and the its average book value in the given period.

Formula for ARR is as follow

ARR = Average Net Income / Average Investment

Average Net Income = ( $1,558,888 + $2,933,312 + $3,261,712 ) / 3

Average Net Income = $2,584,637

Average Investment = $8,375,000

Placing values in the formula

ARR = $2,584,637 / $8,375,000

ARR = 0.3086 = 30.86%

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2 years ago

Which of the following is a benefit of determining your personal vision:

labwork [276]

Answer: the difference between two numbers can be obtained by subtracting the smaller number from the bigger number.

• Here, - 0.4 is the smaller number, and 44.4 is the larger number.

• Therefore, the difference between the two is 44.4 - (- 0.4).

• Now, in mathematics, - and - makes a +.

This implies that, 44.4 - (- 0.4) = 44.4 + 0.4 = 44.8

∴ The required difference is 44.8.

Explanation: follow meif you want to help more

8 0

2 years ago

You have agreed to paint your neighbor's house a lovely shade of chartreuse for $1500 and discover much to your dismay that the

Maslowich

Answer:

fixed price contract

Explanation:

Based on the information provided within the question it can be said that the neighbor most likely transferred risk with a fixed price contract. This refers to a contract that whose price is fixed at a set amount which does not depend on resources or time spent to complete the contract. Therefore it does not matter how much time or money the painter has to spend on tools, he must complete by the terms of the contract for the $1500 that were agreed upon.

4 0

2 years ago

A new corporate bond is being offered for $930. The bond has a face value of $1,000 and matures in 10 years. The coupon rate is

PilotLPTM [1.2K]

Answer:

The answer is 7.65%

Explanation:

The cost of capital is equal to the cost of debt in this example as it involves a debt instrument. The formula for the cost of debt is as follows:

(Interest Expense x (1 – Tax Rate) ÷ (Amount of Debt – Debt Acquisition Fees + Premium on Debt – Discount on Debt)

In the example, the given values are the following:

Interest Expense = 7% x $1,000 = $70 (no tax rate was provided)

Amount of debt = $1,000 (face value of the bond)

Debt acquisition fee = $15

Discount on debt = $70 ($1,000 face value vs. the $930 proceeds of the bond, the bond was issued at a discount)

Solution:

$70 ÷ ($1,000 - $15 - $70) = 7.65% cost of capital (cost of debt)

8 0

2 years ago