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3 years ago

What is installment debt?

Business

2 answers:

IrinaK [193]3 years ago

5 0

no se inglés mano / I don't know English, I'm from Mexico

IgorC [24]3 years ago

5 0

Answer:an installment is a loan that is repaid in regular installments.

Explanation:meaning of installment a sum of money due as one of several equal payments of something

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Should companies be held accountable for actions of decades past, then legal but since made illegal, as their harmful effects be

marishachu [46]

Answer:

No they should not be held accountable.

Explanation:

When the actions were taken in the past it was legal, now that it is illegal the companies should not be held accountable. If they are it will set a bad precedent that will affect a lot of companies.

In the case of GE that did experiments on prisoners to test effects of irradiation however, even if criminal charges are not brought against them, they can face charges. What they did was wrong even if it was legal then.

7 0

3 years ago

_______________ ensures that all relevant financial information is reported. (select an option)

Wewaii [24]

Answer:

B. Full disclosure principle

Explanation:

Full disclosure principle ensures that all relevant financial information is reported

7 0

3 years ago

Walton Company has provided the following 2018 data:

timurjin [86]

Answer:

Walton Company

Income Statement

Actual Budgeted Variances

Sales 510,400 $ 519,000 8,600 U

Variable product costs 183400 188,000 4,600 F

Variable selling expense 48100 46,000 2,100 U

Other variable expenses 5100 3,300 1,800 U

Contribution Margin 273,800 281,700 7,900 unfav

Fixed product costs 15460 15,700 240 F

Fixed selling expense 22920 23,400 480 F

Operating Income 235420 242,600 7,180 unfav

Other fixed expenses 1460 1,300 160 U

Interest expense 710 800 90 F

Net income 233,250 240,500 7,250 unfav

We calculate the actual amounts from the budgeted amount by adding the variances when they are unfavorable and subtracting them when they are favorable . But in case of sales this is reversed. The actual sales are calculated by subtracting unfavorable variance from budgeted sales.

The fav amounts are subtracted from the unfav amounts to get the results .

8,600 u + ( 4,600)F + 2,100 U +1,800= 7,900 unfav

3 0

3 years ago

Nike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant a

vodka [1.7K]

Answer:

Explanation:

The total assets comprises of current assets, fixed assets ,and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The preparation of the classified balance sheet for Nike, Inc on May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:

3 0

3 years ago

The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,

user100 [1]

The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Learn more here:

brainly.com/question/15708509

4 0

2 years ago