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mote1985 [20]
3 years ago
7

On July 1, 2021, Ross-Livermore Industries issued nine-month notes in the amount of $400 million. Interest is payable at maturit

y. Required: Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Business
1 answer:
Novay_Z [31]3 years ago
8 0

Answer:

accrued interest owed at the end of the year = $400 x interest rate x 6/12 months

the interest rate was not given, but we can assume that it was 5% just as an example:

total accrued interest expense = $400 x 5% x 6/12 = $10

the journal entry would be

December 31, 2021

Dr Interest expense 10 million

    Cr Interest payable 10 million

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SoldByAir provides drone services to the real estate industry, both residential and commercial. The purchasing manager is gettin
ladessa [460]

Answer:

The indifference point is 22,381 hours a year.

Explanation:

Giving the following information:

SecureAll:

Fixed costs= $900,000

In house:

Fixed costs= (100,000*4) + 30,000= $430,000

Variable costs= $21 an hour

First, we need to structure the cost formula for each option:

SecureAll= 900,000

In-house= 430,000 + 21*x

X= number of hours

Now, to calculate the indifference point, we need to equal both formulas and isolate X:

900,000= 430,000 + 21x

470,000/21= x

22,381= x

The indifference point is 22,381 hours a year.

8 0
3 years ago
Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and th
Lynna [10]

Answer:

a. corporate finance

Explanation:

Corporate finance -

It refers to the financial area , which is expertise in the source of funding , is referred to as corporate funding.  

The action taken by the manager to increase the value of firms to the shareholders , this is the main focus of the corporate finance.  

Hence , from the given scenario of the question,  

The correct option is a. corporate finance .

8 0
3 years ago
In october 2014, facebook, inc. acquired 100 percent of the common stock of whatsapp, inc. by paying $4,473 million of cash and
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8 0
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A sporting equipment store expects to purchase $8,600 of ski boots in October. The store had $2,400 of ski boots in merchandise
Kobotan [32]

Answer:

the budgeted cost of goods sold is $9,600

Explanation:

The computation of the budgeted cost of goods sold is shown below:

As we know that

Budgeted cost of goods sold = Beginning inventory + Purchase - Ending Inventory

= $2,400 + $8,600 - $1,400

= $9,600

Hence, the budgeted cost of goods sold is $9,600

7 0
3 years ago
Choose the statement that is true in the year 2027. A) The European Performance segment will demand 2,724,244 units B) The Ameri
Lera25 [3.4K]

Answer:

A

Explanation:

The European segment will demand more unit because of high management and development

6 0
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