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ella [17]
3 years ago
7

What type of account is Discount on Bonds Payable and what is its normal​ balance? A. Reversing​ account; Debit B. Contra​ liabi

lity; Debit C. Contra​ liability; Credit D. Adjusting​ account; Credit
Business
1 answer:
tresset_1 [31]3 years ago
6 0

Answer:

B. Contra​ liability; Debit

Explanation:

Discount on the bond is contra liability account and it has debit balance because liabilities normally have a credit balance, so the contra account of liabilities must have a debit balance.

Discount on Asset is reported under the bond payable value. The net payable on the bond is calculated by deducting the discount on bond value from the bond payable value ( usually face value of the bond. )

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Your auto insurance policy has a $200 monthly premium and $700 deductible. What is the maximum amount you will have to pay out-o
N76 [4]

When you take out an insurance policy your monthly premium is the amount you pay each month to keep your insurance. In this case, the $200 a month premium allows you to file a claim if something were to happen because you are paying for the insurance services. When you set up your premiums they will base your monthly service rates off of your deductible amount if you need to file a claim. The out-of-pocket for a car accident with a deductible of $700 is $700. Once the deductible is paid, the insurance will pay out for the damage.

6 0
3 years ago
Read 2 more answers
The most recent financial statements for Summer Tyme, Inc., are shown here:
d1i1m1o1n [39]

Answer:

External finance needed = $2,088

Explanation:

Note: See the attached excel file for the Calculation of ratios with respect to sales, Proforma Income Statement, Calculation of Retained Earnings and Equity, and Proforma Balance Sheet.

From the Proforma Balance Sheet in the attached excel file, we have:

Total Assets = $12,610

Total Liabilities = $10,448

Therefore, we have:

External finance needed = Total Assets - Total Liabilities = = $12,610 - $10,448 = $2,088

Download xlsx
5 0
3 years ago
Definicion de equilibrio​
GarryVolchara [31]

Answer:

Estado de inmovilidad de un cuerpo sometido a dos o más fuerzas de la misma intensidad que actúan en sentido opuesto, por lo que se contrarrestan o anulan.

Estado de inmovilidad de un cuerpo, sometido únicamente a la acción de la gravedad, que se mantiene en reposo sobre su base o punto de sustentación.

Explanation:

8 0
3 years ago
Key performance indicator​ cards: A. lead to local but not global or strategic improvements if they are not linked to strategy.
Alecsey [184]

Answer:

A. Lead to local but not global or strategic improvements if they are not linked to strategy.

Explanation:

A key performance indicator card is a technique or rather methodology used in assessing the status of a measure by comparing key indicators to target. It is a performance card that identifies the main objective and gives a well structured view of the organization. It can lead to both local and strategic improvements if they are linked to strategy. They are performance scorecards developed without necessarily working from company's strategy.

3 0
3 years ago
What is brand awareness?
lubasha [3.4K]

Answer:

The correct answer is C.) how well a brand is recognized by potential customers.

Explanation:

5 0
3 years ago
Read 2 more answers
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