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azamat
2 years ago
6

A liquidated debt is an obligation the existence or amount of which is in dispute. Group of answer choices True False

Business
1 answer:
VikaD [51]2 years ago
8 0

Answer:

Answer: False

Explanation:

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Suppose on January 1 Aiden​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At July 31​, how much rent expense should
Paha777 [63]

Explanation:

13,200 Rent prepaid on January 1 for 1 year

÷ 12 Months

$ 1,100 Rent expense per month

Thus, $1,100 Rent expense per month

× 7 Months

$7,700 Rent expense for January through July

At July 31, Aiden's Tavern should record $ 7700 of rent expense.

8 0
3 years ago
Rutgers Industries has the following inventory information for 2019: Jan 1 Beginning Inventory 240 units at $100 per unit June 1
timofeeve [1]

Answer:

$86,000

Explanation:

FIFO means first in, first out. It means that the first purchased inventory is the first to be sold.

This means thay the 500 units sold would be taken from the earliest purchased inventory and the ending inventory would be the most recently purchased inventories.

Ending inventory = (80 × $150) + (370 × $200) = $12,000 + $74,000 = $86,000

I hope my answer helps you

4 0
3 years ago
What is FAFSA? Who is eligible?
marishachu [46]
The Free Application for Federal Student Aid (FAFSA<span>) is used to calculate the Expected Family Contribution (EFC), a somewhat harsh measure of the family's ability to pay for college. The EFC is the sum of a student contribution and a parent contribution.</span>
6 0
3 years ago
Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20
ollegr [7]

Answer:

B

Explanation:

The marginal cost of producing food is $25, which is greater than the price of selling the food.

At this point the firm is incurring a loss. In order to improve profit margins, the firm should reduce the amount of meals been produced, so that profit would increase

3 0
3 years ago
What is the most likely option an individual might research if saving for a short term goal
navik [9.2K]

For short term financial goals, it would be best to put the money in an investment that earns the highest interest while still remaining <em>liquid (</em>aka easy to withdraw your money when you want). In this case some good options would be a high-interest earning savings or money market account.

For short term goals you want to avoid investments that require you to tie your money up for long periods of time like bonds or certificates of deposit.

3 0
3 years ago
Read 2 more answers
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