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ludmilkaskok [199]
3 years ago
10

On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principa

l plus accrued interest of $16,004.17. The entry to record the first payment on July 31 would include:a. $14,000.00.
b. $16,004.17.

c. $14,800.00.

d. $14,400.00.
Business
1 answer:
Anvisha [2.4K]3 years ago
8 0

Answer:

b. $16,004.17

Explanation:

The bond pays annual interest of 7% over the 3 years. The annuity factor at 7% for 3 years is 2.6243. The amount of bond is divided by annuity factor to calculate the annual payment of bond. The payment includes bond principal repayment and interest payment. The first payment on July 31 will be for $16,004.17.

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A company fails to record one storeroom full of inventory in its year-end inventory records. as a result, this will cause:
kirza4 [7]
They will think they don't have enough invintory and order more and will have no room to store the knew orders
3 0
2 years ago
If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory of 24,000 units, and has 22,000 uni
Lyrx [107]

Answer:

a) True

Explanation:

Sales = Opening + Production - Closing

$200,000 = $22,000 + Production - $24,000

Production = 202,000 Units

Hence, the answer is a. True

4 0
2 years ago
Mill Co.'s trial balance included the following account balances at December 31, Year 6:
o-na [289]

Answer:

D) $45,000

Explanation:

The computation of the amount which is included in the current liability section is shown below:

= Account payable balance + bonds payable -  discount on bonds payable + dividend payable

= $15,000 + $25,000 -  $3,000 + $8,000

= $45,000

The current liability is that liability which is arise for one year. Since, the notes payable is a long term liabilities so we do not consider in the computation part.

4 0
2 years ago
s) A system has four processes and five types of allocatable resources. The current allocation and maximum needs are as follows:
Troyanec [42]

Answer:

The smallest value of x is 5 which leads to a safe state.

Explanation:

Solution

Given that:

Process Available Maximum Request = Max-Available

A         [2 ,1 ,0 ,2, 2] [4, 2,2, 3, 3]          [2,1,2,1,1]

B         [3 ,1, 1, 0 ,2] [3 ,3 ,6 ,1 ,2]          [0,2,5,1,0]

C         [2 ,1 ,0 ,2 ,1 ] [3 ,2 ,3 ,3 ,1]          [1,1,3,1,0]

D         [1, 1, 0, 1, 0 ] [1, 2, 3, 2 ,1 ]          [0,1,3,1,1]

Available = 3,2,x,2,3 ⇒ x has to be determined.

Now

consider x=1 then Available = 3,2,1,2,3

It can't satisfy A,B,C,D since the minimum value of x among those is 2

Consider x=2 then Available = 3,2,2,2,3

It can't satisfy B,C,D since the minimum value of x among those is 3

Thus

consider x=3 then Available = 3,2,3,2,3

It can't satisfy D since the minimum value of x among those is 5

Then

consider x=5 then Available = 3,2,5,2,3

It can satisfy A,B,C,D

Therefore, the minimum value of x is 5. So, that it leads to a safe state.

5 0
3 years ago
_______________is concerned with what is​, and ▼ positive analysis neutral analysis normative analysis is concerned with what ou
EastWind [94]

Answer:

The correct answer is normative analysis.

Explanation:

A positive analysis is the one that attempts to reflect reality with statements of cause and effect and is used mainly in microeconomics. On the other hand, a normative analysis, in which reality is prescribed, that is, we go beyond explanation and prediction, value judgments are used.

In contrast to the positive analysis, the normative analysis responds how the law should achieve efficiency objectives. This analysis assumes that efficiency is an objective that law should reflect and that legal norms should change when they fail. From this perspective, efficiency is a social value that the Law should promote.

3 0
3 years ago
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