The correct answer for the question that is being presented above is this one: "<span>c. Your friend's parents take out a loan to buy her ea condo to live in while she is at college. Meanwhile, the housing market plummets. By the time your friends leaves college, the condo os worth significantly less than the value of the loan."</span>
At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.
Is interest revenue a liability or an asset?
If a company anticipates receiving the interest payment within the year, it typically records the interest receivable as a current asset on its balance sheet. Companies that collect interest from loans view this revenue as a significant source of income that belongs at the top of the income statement. It is the price of taking out a loan from a bank, financial institution, bond buyer, or another lender. In order to assist a business finance its operations, such as the acquisition of rival businesses or machinery, plant, and property, interest expense is incurred.
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Answer:
the company purchase is $94,000
Explanation:
The computation of the total amount of the company merchanise purchase for the month is shown below:
Cost of goods sold = Beginning merchandise inventory + Purchases − Ending merchandise inventory
$92,000 = $14,000 + Purchase - $16,000
So, the purchase is
= $92,000 + $16,000 - $14,000
= $94,000
Hence, the company purchase is $94,000
The fact that Costco opened three new stores to serve its customers exemplifies the growth strategy.
<h3 /><h3>What is the growth strategy?</h3>
It corresponds to an organizational plan that defines courses of action with the objective of reaching new markets and consumers. Some growth strategies are related to increasing market share, increasing investments and including benefits in the goods offered.
Therefore, a growth strategy when well implemented helps a company to create more value for the consumer, attracting and retaining them, in addition to becoming more competitive and positioned in the market.
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Answer:
7 packets of sweet-pepper seeds and 9 packet of hot-pepper seeds.
Explanation:
Let x packets of sweet-pepper seeds for $2.16 each and y packets of hot-pepper seeds for $4.24 each are mixed to obtain 16-packet mixed pepper assortment for $3.33 per packet,
i.e. x + y = 16 ..........(1)
Also,
The price of sweet-pepper seeds + price of hot pepper seeds = price of the mixture
⇒ 2.16x + 4.24y = 3.33(x+y)
⇒ 2.16x + 4.24y = 3.33x+3.33y
⇒ 2.16x + 4.24y - 3.33x-3.33y = 0
⇒ −1.17x +0.91y = 0 ........(2)
Equation (2) + 1.17 × equation (1)
0.91y + 1.17y = 18.72
2.08y = 18.72
⇒ y = 9
From equation (1),
x + 9 = 16 ⇒ x = 16 - 9 ⇒ x = 7
Hence, there are 7 packets of sweet-pepper seeds and 9 packet of hot-pepper seeds.
