3 years ago

According to economists, one of the reasons for an increasing number of

1 answer:

5 0

B The cost of living has risen faster than the amount people get paid. That is why they want to raise minimum wage to $15 per hour.

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Splish Brothers Inc. issues $4.8 million, 5-year, 7% bonds at 102, with interest payable on January 1. The straight-line method

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Answer and Explanation:

The Journal entries are shown below:-

Interest expense Dr, $316,800

Premium on bonds payable Dr, $19,200 ($96,000 ÷ 5)

To Interest payable $336,000 ($4,800,000 × 7%)

(Being interest expense and bond premium amortization is recorded)

Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities

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3 years ago

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C. candidate’s skill set

Explanation:

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3 years ago

What is a credit limit

Helen [10]

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

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3 years ago

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Telecom Company is preparing its annual budgeted income statement. What is the best place to locate the amount of interest expen

anyanavicka [17]

Answer: d. Cash Budget

Explanation:

The Cash budget is used to project the company's expected position in terms of the cash it holds in the future. As such, the budget contains both cash receipts and cash disbursements.

Some of the disbursements include expenses and loan payments. The loan payments are where the interest expense will be found for the coming year.

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3 years ago

The stockholders' equity of Gorsky Company at the beginning and end of 2018 totaled $ 125,000 and $ 131,000, respectively. Ass

Debora [2.8K]

Answer:

The assets at the end of 2018 will be for 222,000

Explanation:

We solve using the accounting equation:

Assets = Liabilities + Equity

2017

Equity 125,000

Assets 145,000

<em>Assets = Liabilities + Equity</em>

145,000 = Liabilities + 125,000

145,000 - 125,000 = Liabilities

Liaiblities = 20,000

2018

Equity 131,000

"Liabilities increase by 71,000"

Liabilities = 2017 + increase = 20,000 + 71,000 = 91,000

<em>Assets = Liabilities + Equity</em>

Assets = 91,000 + 131,000 = 222,000

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3 years ago