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g100num [7]
2 years ago
7

Which of the following reflect the balances of prepayment accounts prior to adjustment?

Business
1 answer:
egoroff_w [7]2 years ago
6 0

Answer:

The answer is Balance sheet accounts are overstated and income statement accounts are understated.

Explanation:

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Use commercial bank and Federal Reserve Bank balance sheets to demonstrate the immediate effect of each of the following transac
Leona [35]

Answer: A

Explanation: That’s it

6 0
2 years ago
On January 1, the first day of its fiscal year, Pretender Company issued $12,700,000 of five-year, 11% bonds to finance its oper
yarga [219]

Answer:

1) Debit Bank $11787069 Debit bond discount $912931 ; Credit Bond $12700000

2) Debit Interest expense $751293 ; Credit Bank $660,000 Credit Discount on Bond payable $91293

3 )Debit interest expense $ 751293 ; Credit bank 660000, Credit discount on bond payable $91293

b)Interest expense = $1502586

c)It is because a financial crisis might have happened prior to issuing the bond and the company still went ahead with issuing even though the rate has changed.

Explanation:

interest expense = 12000000 * 0.11 * 6/12=$660000

discount on bond payable = $912931 /5 = 182586 /2= 91293

Interest expense = $751293 * 2 = $1502586

7 0
2 years ago
The franchisor generally does NOT provide the franchisee with:
Nonamiya [84]

Answer:

c. wholesale prices on supplies

Explanation:

  • The franchises provide the financial assistance and are limited to only some of the franchises and provide the location services as they have experiences of choosing a successful location.  
  • <u>Also the training of the people for the manual operations and to carry out the operational services and also serves as the advertising and the efforts on a national regional and the local basis and the needed administrative support in terms of the human resource in the accounting etc.</u>
7 0
2 years ago
What do you think is the most important skill a judge can possess
Airida [17]

Answer:

The decision making skill because it's hard for a judge to make the right decision.

4 0
2 years ago
When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sol
Ghella [55]

Answer:

Inelastic

Explanation:

When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic

1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59

2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4

3. Price Elasticity = 0.4/0.59 = 0.68

4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic

7 0
3 years ago
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