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4 years ago

Which of the following is incorrect?

Business

1 answer:

Vlad1618 [11]4 years ago

4 0

Answer:

d. A loan received will reduce capital

Explanation:

Capital is the collection of financial assets required to start and maintain a business. Capital is the money required to begin the operations of a business. The money is used to purchase assets and materials used in the production of goods or services. Capital is either borrowed( debt ) or from the owner's savings ( equity).

A loan is cash borrowed to boost the financial strength of an individual or a business. Should a business opt for a loan, it means it will have more cash to finance its operations. Its ability to produce goods and services is increased. Therefore, a loan is an addition to capital.

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Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accoun

Solnce55 [7]

Answer:

The correct answer is A. Account payable 750 Cash 750.

Explanation:

This problem requires us to tell the accounting entry a business will make when making payment against offices supplies puchased on credit.

When the business has bought it it would have made following entry

Offices supplies debit 750

to payable credit 750

On settlement the business will make entry as mentioned in option A.

6 0

3 years ago

1. Peter's Audio Shop has a before-tax cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The fir

tia_tia [17]

Answer:

9.14%

Explanation:

The computation of the weighted average cost of capital is shown below:-

Debt = $500,000 × 1.02

= $0.51 m

Preferred = 40,000 × $34

= $1.36 m

Common = 104,000 × $20

= $2.08 m

Total = $0.51 m + $1.36 m + $2.08 m

= $3.95 m

So, Weighted average cost of capital = ($2.08 ÷ $3.95 m × 0.11) + ($1.36 m ÷ $3.95 m × 0.08) + (($0.51 m ÷ 3.95 m × 0.07 × (1 - 0.34))

= 0.057924 + 0.027544 + 0.005965

= 0.091433

or 9.14%

Therefore for computing the weighted average cost of capital we simply applied the above equation.

7 0

3 years ago

Green Field county stadium is planning to conduct a cricket match between two teams A and B. A large crowd is expected in the st

ANTONII [103]

Answer:

Mode Name: BS-485 Half Duplex Mode 2 wires

Reason 1: less Noisy

Reason 2: Allows upto 32 receivers

Explanation:

The BS-485 is an electrical interface, that supports half-duplex mode through 2 wires, and full-duplex mode through four wires. However, here, we only need the half-duplex mode, and that is enough as the recordings are to be shown on the screen, which is the receivers, and they do not need to talk to the transmitter, while the transmitter is transmitting the recordings to the screen. And since, BS-485 supports around 32 receivers, its more than enough for this question requirement. So its half-duplex mode, and an example of the Serial data transmission. And also, it's synchronous, as there is no stop in between the data packets.

4 0

3 years ago

Duval Co. issues four-year bonds with a $117,000 par value on January 1, 2019, at a price of $112,870. The annual contract rate

AleksandrR [38]

Answer and Explanation:

The preparation of the amortization table is presented below:

Semiannual Discount Unamortized Discount Carrying Value

Period-End amortized

1/1/19 $4,130 $ 112,870

($117,000 - $112,870)

6/30/19 $3,613.75 $113,386.25

($4,130 - $4,130 ÷ 8 years) ($112,870 + $516,25)

12/31/19 $3,097.50 $113,902.50

($3,613 - $4,130 ÷ 8 years) ($112,.870 + $516,25)

6/30/20 $2,581.25 $114,418.75

($3,097.50 - $4,130 ÷ 8 years) ($113,902 + $516.25)

12/31/20 $2,065.00 $114,935.00

($2,581.25 - $4,130 ÷ 8 years)

6/30/21 $1,548.75 $115,451.25

($2,065 - $4,130 ÷ 8 years)

12/31/21 $1,032.50 $115,967.50

($1,548.75 - $4,130 ÷ 8 years)

6/30/22 $516.25 $116,483.75

($1,032.50 - $4,130 ÷ 8 years)

12/31/22 $- $ 117,000.00

($516.25 - $4,130 ÷ 8 years)

The same method is applicable for other time period

5 0

4 years ago

Technician a says dealerships perform maintenance, diagnosis, and warranty repairs. technician b says dealership technicians rar

nikklg [1K]

<span>Technician A or B could be correct based on the dealership. If, given then information, the dealership is for a specific type of car (Such as Ford), said manufacturer would require training for use of their name(like Ford). If this was an unaffiliated dealership, technician B would be correct. If affiliated, Technician A is correct.</span>

4 0

3 years ago