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mixas84 [53]
4 years ago
11

On January 1, a company borrowed $50,000 cash by signing a 7% installment note that is to be repaid in 5 annual end-of-year paym

ents of $12,195. The first payment is due on December 31. Prepare the journal entries to record the issuance of the note and the first and second installment payments.?

Business
1 answer:
Andreas93 [3]4 years ago
3 0

Answer:

Please see attachment

Explanation:

Please see attachment

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5. Cruzville economists have been using 2013 as their base year to calculate inflation. a) What is the CPI during the base year
4vir4ik [10]

Based on the base year used by Cruzville economists to calculate inflation, the following at the CPIs:

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<h3>What is the CPI over the years?</h3>

As 2013 is the base year, the CPI will be 100 because all base years are 100 for CPI purposes.

The CPI in 2014 is:

= 112

This is due to an inflation rate of 12%.

An inflation rate of 16.1% is the reason why the CPI in 2015 is 130.

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If money going out of the business is greater than the money coming into the business, what happens?
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3 0
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Current liabilities could include all of the following except: A. any part of long-term debt due during the current period. B. a
Firdavs [7]

Answer: C. a bank loan due in 18 months.

Explanation:

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This means that only debt obligations that mature within a year are to be considered current liabilities.

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the price-to-cash-flow method of stock valuation generally uses either a) ebitda or operating cash flow from the cash flow state
Rainbow [258]

The price-to-cash-flow method of stock valuation generally uses either are the EBITDA or operating cash flow from the cash flow statement as a measure of cash flow. Thus, option (a) is correct.

What is stock?

The term stock refers to the product are the ready to the sale for the bulk in the production. The stock are always in the bulk in items. The stock are the measure according to the quantity. The stock was ready to deliver to the wholesaler.

The company's stock is typically valued using the price flow method and either EBITDA or operating cash as the cash flow statement method measure.

As a result, the company stock valuation is the measure two the methods are the operating and EBITDA. Therefore, option (a) is correct.

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6 0
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