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Flura [38]
3 years ago
14

Vaughn Manufacturing lends Wildhorse Co. $51600 on April 1, accepting a four-month, 6% interest note. Vaughn Manufacturing prepa

res financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer: See explanation

Explanation:

Based on the scenario in the question, there will be a debit to interest receivable in the amount of:

= $51600 × 6%/12

= $51600 × 0.06/12

= $51600 × 0.005

= $280

Interest revenue will also be credited in the amount of $280

Debit: Interest receivable $280

Credit: Interest revenue $280

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Answer: ROCE was 13.7% in 2012

Explanation:

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3 years ago
____ materials are materials that are no longer serviceable, have been discarded, or are a by-product of the production process.
alexgriva [62]

Answer:

Scrap

Explanation:

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3 years ago
Rachel receives employer-provided health insurance. The employer's cost of the health insurance is $5,600 annually. What is her
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Answer:

$4,424

Explanation:

Calculation for her employer's after-tax cost of providing the health insurance

Using this formula

After-tax cost =Annually employer's cost of health insurance -(=Annually employer's cost of health insurance*Marginal tax rate)

Let plug in the formula

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8 0
2 years ago
Someone may choose to own a car instead of leasing because
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6 0
3 years ago
Read 2 more answers
The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for
zmey [24]

Answer:

$778460

Explanation:

Using the highlow method, we calculate the variable cost per unit,

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6 0
3 years ago
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