Answer:
Explanation:
Short-term: due within a year after closing the statment: that is Dec 31th 2018
There are two promissory notes outstanding:
October 1st
and April 1st
April 1st 2017 was refinanced to a single payment in the long-term thusnot short term
Also during March, the borrower agree to refinance
The negociation for Oct 1st provee successfully thus we should consider the promissory note long-term notes still.
We can conclde there are no hort term note payable for Vernon as it manage to refinance all his short.term debt
<span>Price floors can have differing effects depending on other government policies. If the government agrees to purchase a specific maximum of unsold products at the price floor, it incentivizes a business to increase supply or at least to stay in the industry despite slow sales. Many governments do this for areas they see as strategically or politically significant, such as agriculture, or to prevent what they consider to be unfairly low prices of its products. If a foreign government sets a price floor for coffee beans, for example, and then agrees to buy the surplus up to a certain amount, it encourages growers to maintain their operations by placing an effective hedge against price fluctuations. If you own a small coffee shop, these price floors mean that you’re more likely to be able to find your imported beans, but you’ll pay more for them</span>
Answer:
$14,900
Explanation:
not-for-profit organization will report the investments at the fair value of the investments end of year, in the year-end statement of financial position.
Here,
Investment Fair value (end of year)
Stock A (100 shares) $51
Stock B (200 shares) $49
Stock A = (100 * 51) = $5,100
Stock B = (200 * 49) = $9,800
Total Investment fair value at end of year = $14,900
$14,900 will be the amount reported in stock investments in the year-end statement of financial position.
Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.
Explanation:
Answer:
Dr cash $375,000
Cr unearned revenue $375,000
Dr unearned revenue $37,500
Cr revenue $37,500
Explanation:
The total amount realized from the sale of tickets is $375,000($250*1500)
However,the cash proceeds should be debited to cash while it is also credited to unearned revenue
The revenue from fulfilling the performance obligation=1/10*$375,000=$37,500
The $37,500 is debited to unearned revenue and credited to sales revenue as that amount has now been earned
