Answer:
c.The face value ($70,000), interest rate (6%), and term (120 days) are needed to calculate the maturity value of the note.
Explanation:
maturity value = face value + interest
interest = face value*interest rate*period
= $70,000*6%*120/360
= 1400
face value = 70,000
maturity value = 70,000 + 1400
= 71400
Therefore, face value and interest rates needed to calculate the maturity value of the rate.
Answer:
A) This is the stock that is kept in order to meet the uncertainty in demand and delivery delays in the supply period.
Explanation:
Companies sell products for profit. It is part of the companies strategy to have a stock that ensures that the company does not lose sales by not having the product at the time of demand. Safety stock serves to minimize the chance of the firm not having the product at a time when demand unexpectedly increases, or in cases where the supplier has unforeseen circumstances and delays delivery. Therefore, good inventory planning is important.
Answer:
Journal entries
Explanation:
The journal entries are as follows
On July 1
Prepaid insurance Dr $12,400
To Cash $12,400
(Being the payment is recorded)
On December 31
Insurance expense Dr $3,100
To Prepaid insurance $3,100
(Being the insurance expense is recorded)
It is computed below:
= $12,400 × 6 months ÷ 24 months
= $3,100
Answer:
B) False
Explanation:
In a command economy, the government makes the fundamental economic choices such as what to produce and how to produce output.
The government also owns means of production.
I hope my answer helps you
For me ,I will not taking cash advance on my credit card
