1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ghella [55]
3 years ago
13

The following transactions occurred during May, the first month of operations for Hunter Products, Incorporated: Issued 50,000 s

hares of capital stock to the owners of the corporation in exchange for $600,000 cash. Purchased a piece of land for $400,000, making a $150,000 cash down payment and signing a note payable for the balance. Made a $60,000 cash payment on the note payable from the purchase of land. Purchased equipment on credit from BBW, Incorporated for $63,000. What is the total of Hunter Products' liabilities at the end of May
Business
1 answer:
NemiM [27]3 years ago
8 0

Answer:

$247,000

Explanation:

Calculation to determine the total of Hunter Products' liabilities at the end of May

Total of Hunter Products' liabilities=(400,000-150,000) - 60,000 + 63,000

Total of Hunter Products' liabilities=250,000 - 60,000 + 63,000

Total of Hunter Products' liabilities=$247,000

Therefore the total of Hunter Products' liabilities at the end of May will be $247,000

You might be interested in
Which of the following is a characteristic of utility?
klasskru [66]

Answer:

It is synonymous with "usefulness".

It is subjective

4 0
3 years ago
Investigating careers
goldfiish [28.3K]

B. It is a state of actual emergeny.

5 0
3 years ago
This is my mom channel please subscribe ​
hichkok12 [17]

Answer:

This is my mom, channel, please subscribe

Explanation:

6 0
3 years ago
Gerome Houser is a pastry chef at McKay’s Eatery. His annual salary is $45,623. His benefits include $1,755 for two weeks of vac
alexgriva [62]
First, we add up all the benefits that Gerome Houser gets from his job. That is,
                       $1,755 + $3,898 + $2,898 +$2,098 +$1,404 = $12,053
Then, we divide this amount by his annual salary and multiply the quotient by 100% to get the answer. 
                        ($12,053 / $45,623) x 100% = 26.4%
Therefore, Gerome Houser's rate of benefits is approximately 26.4%. 
5 0
3 years ago
McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?
Greeley [361]

The implicit interest based on the information given is $165.

<h3>How to calculate the interest?</h3>

It should be noted that the implicit interest is calculated as:

= Inventory worth × Discount rate

= $16500 × 1%

= $165

Therefore, the implicit interest based on the information given is $165.

Learn more about interest on:

brainly.com/question/24080432

#SPJ1

3 0
2 years ago
Other questions:
  • At allen and thomas architects, a group of designers are developing the first drawings for a proposed multiuse office developmen
    13·1 answer
  • Which type of debt is the least attractive for a consumer
    6·1 answer
  • Exercise 13-8 Payback Period and Simple Rate of Return [LO13-1, LO13-6]
    13·1 answer
  • Paul began his speech as follows: they called lou gehrig the iron horse. this tireless worker played an astounding 2,130 consecu
    9·1 answer
  • A multinational automobile manufacturer issues a public statement that the company's vehicle emissions tests had been falsified
    15·1 answer
  • Which of the following statements is LEAST accurate?
    12·1 answer
  • The demographics of their target market are extremely important for companies to know in order to determine how they'll advertis
    13·1 answer
  • PLEASE HELP, TIMED
    5·2 answers
  • EVERYBODY SHARE THE GOSPEL MESSAGE WITH EVERYBODY YOU KNOW!
    10·1 answer
  • Why do you think that luxury brands are particularly interested in investing in social media influencers?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!