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2 years ago

WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C

Business

2 answers:

True [87]2 years ago

7 0

Answer:

Explanation:

olya-2409 [2.1K]2 years ago

7 0

Answers:

1.B

2.C

3.A

.....

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Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts

White raven [17]

Answer:

$14,300

Explanation:

Based on the information given we were told that the management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance sheet.

5 0

3 years ago

Wayco Industrial Supply has a pretax cost of debt of 7.6 percent, a cost of equity of 16.8 percent, and a cost of preferred stoc

Vanyuwa [196]

Answer:

14.88%

Explanation:

Market value of common stock outstanding = 220,000 * $27 = $5,940,000

Market value of preferred stock = 25,000 * $41 = $1,025,000

Market value of bond = $550,000 * 101.2% = $556,600

Wayco's total financing market value = $5,940,000 + $1,025,000 + $556,600 = $7,521,600

Weighted average cost of capital = [($5,940,000 / $7,521,600) * 16.8%] + [($1,025,000 / $7,521,600) * 9.1%] + [($556,600 / $7,521,600) * 7.6% * (1 - 34%)] = 0.1488, or 14.88%

8 0

3 years ago

Assume there are two people in a society. Person A is willing to pay $140 to have one unit of a public good produced and Person

Shtirlitz [24]

Answer:

$300

Explanation:

Given:

Society A

Society B

Society A will pay $140 per unit

Society B will pay $160 per unit

Commonly pay $140 for two units produced.

Computation:

Society will pay total amount for the public goods = $160 + $140

Society will pay the total amount for the public goods = $300

Therefore, $300 Is the total amount paid by society.

7 0

3 years ago

If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of

NeTakaya

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ $Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity$

By putting the vales, we get

⇒ $900=Quantity\times 6$

⇒ $Quantity=\frac{900}{6}$

⇒ $=150$

7 0

2 years ago

At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon

Tomtit [17]

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

Dr Bonds payable 7,000,000

Dr Loss on retirement of debt 1,030,000

Cr Cash 7,070,000

Cr Discount on bonds payable 960,000

Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000

6 0

3 years ago