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il63 [147K]
3 years ago
7

Jasper makes a $84,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:__________

Business
1 answer:
svet-max [94.6K]3 years ago
4 0

Answer:

a) Debit Notes Receivable for $84,000, credit Cash $84,000.

Explanation:

Based on the information given we were told that Jasper makes the amount of $84,000 which means that Jasper's appropriate journal entry to record the transaction should be:

Debit Notes Receivable $84,000

CreditCash $84,000

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Who wants to make a research paper here? i need help guys.​
enot [183]

Answer:

I don't want to make sorry

5 0
3 years ago
Types of bonds
aliina [53]

Answer: 1. A . Treasury bonds are not completely riskless, since their prices will decline when interest rates rise.

2. A. The New York City government

3. B. Municipal bonds

4. A. An investor from Kansas that invests in a municipal bond issued by the State of Kansas will pay neither state nor federal taxes on the bond’s coupon payments

5. B. Treasury bonds

Explanation:

1. Treasury Bonds are known as the safest bonds in the world and so are generally considered risk-less. However this is not so as they still fall victim to Interest rate risk which is the risk that their prices will decline when interest rates rise because bond prices are inversely related to price.

2. The City of New York issued to bonds in question so it is a New York City Government bond.

3. Municipal Bonds are issued by a state, county or a municipality so the above is a Municipal bond as it was issued by the City of New York.

4. Municipal Bonds attract no Federal taxes and when buying a Municipal bond as a resident of the Municipality you are in, you will.not get charged the Municipal taxes either on the bond coupon payments.

5. Default risk is the risk that the issuer will not pay back. US Treasury Bonds are known as the safest in the world and have not been defaulted on in over a century. They therefore have the lowest default risk.

6 0
3 years ago
Green Valley Mills produces carpet at plants in St. Louis and Richmond. The carpet is then shipped to two outlets, located in Ch
Vanyuwa [196]

Answer:

49250

Explanation:

Calculation through North West corner Method:

From Chicago Atlanta Supply

St. Louis 40 65 250

Richmond 70 30 400

Demand 300 350 -

The matrix is balance matrix because demand is equals to supply.

In first step of North West corner method:

We supply 250 units to the Chicago for St. Louis is 40.

We supply 50units to the Chicago for Richmond is 70.

We supply 350units to the Chicago for Richmond is 30.

We supply 350units to the Chicago for Richmond is 30.

Calculation for the degree of freedom is:

=

Raw

total

+

Colum

total

−

1

=

2

+

2

−

1

=

4

Now introduce the

θ

on that value where the lope is note created and the value is 65:

The calculation for the cost is:

=

250

×

65

+

300

×

70

+

400

×

30

=

49250

3 0
4 years ago
Eneri Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.20 Purchases: June 18
slavikrds [6]

Answer:

d. $169,200

Explanation:

Total units available for sales = Beginning units + Purchases = 10,000 + 9,000 + 6,000 = 25,000 units

Number of units sold = Total units available for sales - Ending units = 25,000 - 4,000 = 21.000 units

Using LIFO method, cost of good sold can be calculated as follows:

Cost of good sold = (6,000 × $7.00) + (9,000 + 8.00) + (6,000 × $9.20) = $42,000  + $72,000  + $55,200 = $169,200.

Therefore, the cost of goods sold under the LIFO method is $169,200.

6 0
3 years ago
A bond has annual coupons, $1000 par value, 2 years to maturity, 8% coupons and a 6% yield. Calculate the Macaulay Duration. The
Softa [21]

Answer:

The answer is "1.93 years".

Explanation:

Macaula \ \ duration \ \ \ \ \ \ \ \ \ \ 1000 \times 8\%\\\\

years \ \ \ \   cash \ flows \ \ \ \  pv\ of \ 6\%\ \ \ \ present \ value \ \ \ \ current \ value \ \ \ \  pv/current \ value \ \ \ \frac{pv}{cp}\times t\$80.00\ \ \ \ \ \ \ 0.9434 \ \ \ \ \ \ \ \$75.472 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.0728 \ \ \ \ \ \ \ 0.0728\\\\\$ 1,080.00 \ \ \ \ \ \ \ 0.8900 \ \ \ \ \ \ \ \$961.196 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.9272 \ \ \ \ \ \ \ 1.8544\\\\

                                             \$ 1,036.668 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \   1.92772\\\\

that's why the Macaula duration is 1.93 years.

7 0
3 years ago
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