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Ket [755]
2 years ago
11

intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be con

sidered a
Business
1 answer:
Paul [167]2 years ago
5 0

from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

  • cash
  • cash equivalents
  • accounts receivable
  • stock inventory
  • marketable securities
  • pre-paid liabilities

To learn more, please check: brainly.com/question/14287268

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Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactionsduring the mon
frozen [14]

Answer:

<u>If records invoices at gross amounts</u>

October 2th

inventory    3,000 debit

    A/P                    3,000 credit

October 2nd

A/P              500 debit

      inventory           500 credit

October 17th

inventory       5,400 debit

      A/P                    5,400 credit

October 26th

A/P                5,400 debit

           Inventory          108 credit

           cash               5,292 credit

October 31th

A/P             2,500 debit

      Cash                 2,500 credit

<u>If records invoices at nets amounts</u>

October 2th

inventory    2,940 debit

    A/P                    2,940 credit

October 2nd

A/P              490 debit

      inventory           490 credit

October 17th

inventory       5,292 debit

      A/P                    5,292 credit

October 26th

A/P                5,292 debit

           cash               5,292 credit

October 31th

A/P             2,490 debit

Inventory         10 debit

      Cash                 2,500 credit

Explanation:

gross amount: we use the invoice nominal

net amount: we use the net nominal

October 2nd net:

3,000 x (1-2%) = 2,940

returns net: 500 x ( 1 - 2%) = 490

October 16th invoice net:

5,400 x ( 1 - 2%) = 5,292

october 31th

october 2th invoice balance:

2,940 - 490 = 2,450

8 0
3 years ago
स्थीर आय प्रतीभूति भनेको के हो​
vlada-n [284]

Answer:

aba gaba lubbu esai naue

Explanation:

7 0
2 years ago
A consultancy firm that provides a wide range of services relating to tax payments and tax law is known for performing these ser
Morgarella [4.7K]

Answer:

The correct answer is d. reliability .

Explanation:

The level of reliability is widely recognized by the market, based on successful experiences in the provision of consulting services by this company. This means that many clients have placed their trust and received excellent treatment, and there is a high probability that disputed cases can be won. Voice-to-speech is a way for companies to gain popularity, without the need to invest large sums of money in promotion.

3 0
3 years ago
Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from o
Anarel [89]

Answer:

Import

Explanation:

Import is a way to introduce goods and services from the international market to the domestic market. Dominique owns an international grocery store where consumers can buy goods and services of different countries by just ordering them. So, in this case, Dominique is an importer, and the world food market is an example of a company that import.

7 0
2 years ago
A quality-of-life index measures absolute poverty levels. <br> A. True <br> B. False
Nady [450]

Answer:

B. False

Explanation:

The quality of life index refers to an index that was established by the sociologist whose name is Morris David Morris in the year 1970 that are depend on the basic literacy level, infant mortality, and the life expectancy level

In the given question, it is mentioned that the quality of life index measures the absolute levels of poverty i.e. totally wrong as it measured the things that are stated above

Hence, the given statement is false

5 0
3 years ago
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