Answer: $170,421
Explanation:
Using the Accounting equation;
Assets = Liabilities + Equity
Assets = Cash + Inventory + Goodwill and other assets + Net plant and equipment + Accounts receivable + Other current assets
= 23,015 + 212,300 + 78,656 + 713,500 + 141,258 + 11,223
= $1,179,952
Equity
= Common stock + Retained earnings
= 313,000 + 512,159
= $825,159
Liabilities = Assets - Equity
Current Liabilities + Long term debt = Assets - Equity
Long term debt = Assets - Equity - Current Liabilities
= 1,179,952 - 825,159 - (163,257 + 21,115)
= $170,421
Answer:
selling price of this car is $22700
Explanation:
given data
zero interest = 72 months
monthly payment = $350
market interest rate = 3.5% per year = 0.2917 % per month
time = 6 year = 72 months
solution
we get here present value of annuity that is
present value annuity = ( 0.2917 % per month , 72 months )
present value annuity = 64.8568
so here selling price of car is
selling price = monthly payment × present value annuity ............1
selling price = $350 × 64.8568
selling price = $22700
so selling price of this car is $22700
Answer:
Dr Allowances for sales returns $600
Cr Sales refund payable $600
Being increase sales refund estimate
Explanation:
The sales refund account is liability account that should naturally have a credit balance.
In the current period the balance in the sales refund payable account should be $900 in total,but there is a balancing credit amount already in the account,intuitively, the amount needed to raise the balance in the account to $900 is $600.
The necessary entries required for the sales refund payable is shown below:
Dr Allowances for sales returns $600
Cr Sales refund payable $600
Being increase sales refund estimate
There is no adjusting entry to accounts receivable as that deals with receipt of cash from sales transactions and not the actual sales transactions.
When the refund is eventually settled with cash, a debit is posted to sales refund payable and a credit to cash account
Answer:
A) credibility
Explanation:
Credibility can be defined as the quality of being trusted and believed in.
The audience have been able to perceive the competence, trustworthiness and the dynamism of the speaker, and these are the criteria to judge credibility.
Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.
<h3>
Discounted amount </h3>
Using this formula
Discounted amount =Discount rate× Invoice
Let plug in the formula
Discounted amount=2%×$10,000
Discounted amount=$200
Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.
Learn more about Discounted amount here:brainly.com/question/12965533
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