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brilliants [131]

3 years ago

11

Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does

this describe?
a) a long term liability
b) a non liquid liability
c) a consumer liability
d) a current liability

1 answer:

Anna35 [415]3 years ago

8 0

Answer should be d) a current liability

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At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred

Vika [28.1K]

Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

= $1,143,000 ÷ (298,000 shares)

= $3.83 per share

We simply divided the net income from the weighted number of outstanding shares so that the earning per share could be determined

hence, the earning per common share is $3.83 per share

5 0

3 years ago

Pharmaceutical Dispensary borrowed $ 630 comma 000 on January 2, 2018, by issuing a 15 % serial bond payable that must be paid

OLga [1]

$273 ,000 being the equal installments for all the three years

Explanation:

I year interest = $ 630,000 ×15÷100 = 94,500

$I year interest = $ 630,000 ×15÷100 = 94,500$

II year interest = $420,000×15÷100 = 63,000

$II year interest = $420,000×15÷100 = 63,000$

III year interest = $210 ,000×15÷100 = 31,500

$III year interest = $210 ,000×15÷100 = 31,500$

Total interest = 94,500+63,000+31,500 = 189.000

$Total interest = 94,500+63,000+31,500 = 189.000$

Installments payment with interest for each year is=

(630,000 + 189,000 = 819,000÷ 3 = 273,000)

$(630,000 + 189,000 = 819,000÷ 3 = 273,000)$

= $273 ,000 being the equal installments for all the three years

6 0

4 years ago

When distributing a third party research report to its clients, an investment adviser (IA) must:

alexira [117]

Answer:

D.

Explanation:

When distributing a third party research report to its clients, an investment adviser (IA) must disclose that there was a third party involved that prepared the report. This is because disclosing the reports origin is absolutely necessary and required by law when the person that prepared the report is anyone but the investment adviser. Mostly due to the fact that the clients place their trust in the investment adviser and are trusting him/her with their money.

8 0

3 years ago

Ben lives in a state that has a no-fault auto insurance law. another motorist failed to yield the right of way, and hit his car.

Sophie [7]

EIsenI’m sexlurzmbznqeAnswer:

Explanation:

3 0

3 years ago

Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supply Company that uses the all

svp [43]

Answer:

Accounts Receivables 19900 debit

Sales Revenues 19900 credit

--to record sale--

COGS 14300 debit

Inventory 14300 credit

--to record COGS of the previous sale--

Cash 4,200 debit

Accounts Receivables 4,200 credit

--to record colelction from Beijing Palace Co--

Allowance for doubtful accounts 15,700 debit

Accounts Receivables 15,700 credit

--to record the write-off using allowance method--

Accounts Receivables 15,700 debit

Allowance for doubtful accounts 15,700 credit

--to record reversal when payment is received--

Cash 15,700 debit

Accounts receivables 15,700 credit

--to record collection from Beijing Palace Co--

Explanation:

We write-off the blaance of the account

19,900 - 4,200 = 15,700

Then, we have to reverse the entry to nulify it. Then we record the colelction like any other.

4 0

3 years ago