Answer:
No Continental Gin can not force Hornbuckle
Explanation:
given data
purchased equipment = $6,300
proved defective = $4,000
remaining = $2,300
to find out
May CG force Hornbuckle to pay the remaining
solution
according to statement we can say No Continental Gin can not force Hornbuckle to pay the remaining because when he get equipment and deposit money in to Continental Gin account that time he has no doubt or obligation by the payment
so if he have doubt now on payment, then he should have ask on that time when he endorsement this check is accepted in full payment
Answer:
Debit : Building $10,000
Credit : Cash $10,000
Explanation:
The major upgrade is treated as if we purchased another Building separately, with own useful life.
So, the upgrade will increase the Assets of the Buildings (Debit) and decrease the Assets of Cash to depict outflow of economic benefits.
Now, Depreciation for the year will then be considered separately for the Building in existence and the upgrade as they have different useful life.
It will rise left to right because the company will want to supply more goods at a higher price therefore the supply is upward sloping:)
Answer:
Correct option is (C)
Explanation:
Given:
Mortgage amount (PV) = $650,000
APR = 10%
Per month interest rate (rate) = 10% ÷ 12 = 0.8333% or 0.008333
Mortgage period (nper) = 30 years or 30×12 = 360 months
Monthly payment can be calculated using spreadsheet function =pmt(rate,nper,PV)
Monthly payment is computed as $5,704.02
PMT is negative as it is a cash outflow.
True. Variable costing treats fixed overhead cost as a period cost.
A variable cost changes with the number of units that are put out.
Overhead cost (which is ongoing) refers to what it takes to run the business or product the product.
A period cost refers to a cost that is linked over time for a transaction, not constant.