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Mkey [24]
3 years ago
13

Jane and Bart organized food truck business- Just Best Food Inc (JBF Inc.). JBF Inc. decided to follow accrual method of account

ing. JBF Inc. borrowed $8,000 from the bank on November 1, 2015. The note had a 5 percent annual rate of interest and maturity on April 30, 2016. Yes, it was a short-term debt. Interest and principal were paid in cash on the maturity date. What total amount of cash was paid to the bank on April 30, 2016, for principal and interest

Business
1 answer:
Rashid [163]3 years ago
5 0

Answer:

Answer is option C i.e $200

Explanation:

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Wildhorse Co. took a physical inventory on December 31 and determined that goods costing $198,500 were on hand. Not included in
timofeeve [1]

Answer:

$249,500

Explanation:

Calculation for the amount that Sheridan should report as its December 31 inventory

Using this formula

December 31 inventory=Goods costing+Goods purchased +Goods sold

December 31 inventory=$198,500+$25,000+$26,000

December 31 inventory=$249,500

Therefore the amount that Sheridan should report as its December 31 inventory will be $249,500

8 0
3 years ago
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off.
blondinia [14]
It is true because a country that imports a tariff on shoes buyers of shoes in that country don’t do well so the answer would be True
7 0
3 years ago
A first step when considering a career is to________.
Aleonysh [2.5K]
Your answer will d.have to know ypur interest
5 0
3 years ago
Read 2 more answers
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
musickatia [10]

Answer:

correct option is d. $600

Explanation:

given data

sells product = $20 per unit

selling price fallen = $15 per unit

FIFO inventory = 200 units

purchased = $16 per units

Net realizable value fallen = $13 per unit

to find out

amount of the lower cost of market

solution

we know that here Company record inventory at lower

so market value or cost of the inventory at  declined time

and here Market Adjustment is the Difference of the cost and the Market Value

so cost will be here

Cost =  200 × $16

cost = $3200

and

Net realizable value will be

Net realizable value =  200 × $13

Net realizable value = $2600

so that Market adjustment is the difference of

Market adjustment  difference = $3200 - $2600

Market adjustment  difference = $600

so correct option is d. $600

8 0
3 years ago
Which of the following could be a synonym for the world 'externality'?
abruzzese [7]
Answer: option C. side-effect

Externality is an economic term, used to refer the damage or benefit that an individual or community experience, due to the activity of other agents who are pursuing other objective.

For example, when a enterprise burns fuel to produce energy, the increase of CO2 is an externality.
5 0
3 years ago
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