Answer:
$5549
Explanation:
Calculation to determine the cash flow to creditors during the year
Using this formula
Cash flow to creditors =Interest -New debt
Let plug in the formula
Cash flow to creditors=4235-(9525-10,839)
Cash flow to creditors=4235-(-1314)
Cash flow to creditors =$5549
Therefore the cash flow to creditors during the year is $5549
Answer:
Period cost= $840
Product cost= $1260
Explanation:
Product costs are the direct costs involved in producing a product.
Period costs are not directly tied to the production process.
The insurance premiums that a company pays for nonmanufacturing protection will be expensed in the period in which the insurance premiums expire. However, the insurance premiums for the manufacturing operations will become part of the product costs as the insurance premiums expire.
<u>In this exercise:</u>
Period cost= 2100*0,40= $840
Product cost= 2100*0,60= $1260
Answer:
Their debt ratio is about 0.039.
Explanation:
Given information:
liabilities = $16700
Assets = $433,000
We need to find their debt ratio.

Substitute the given values in the above formula.




Therefore, their debt ratio is about 0.039.
Answer:
Paid-in Capital in Excess of Par $8,000
Explanation:
Based on the information given we were told that Garcia contribute land that has a fair market value of the amount of $10,000 which was exchange for 200 shares of the common stock of Damiann Inc.'s that has a par value of $10 per share which means that the journal entry to record the transaction in the books of Damian, Inc., will include a credit to Paid-in Capital in Excess of Par $8,000 calculated as:
Fair market value $10,000
Less common stock $2,000
(200 shares *$10 per share)
Paid-in Capital in Excess of Par $8,000
Answer:
el período contable es de un año y va desde el primer día de enero al último de diciembre, aunque también puede estar comprendido entre otras fechas o ser semestral, trimestral o mensual.