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2 years ago

A

Business

1 answer:

Vesnalui [34]2 years ago

8 0

Answer:

D. secured loan

Explanation:

"A secured loan is a loan backed by collateral"

[A. unsecured loan is a loan that doesn't require any type of collateral.]

[B. credit card ...no]

[C. property loan is a secured loan that is sanctioned keeping an asset as mortgage with the lender.]

[D. secured loan is a loan that is backed by collateral]

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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total

Stells [14]

Answer:

FIFO LIFO WEIGHTED AVERAGE

Ending inventory 4494 3878 4193

Cost of Goods Sold 6875 7491 7176

Explanation:

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC FIFO

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491 21 71 1491

Purchasse

28-Mar 31 77 2387 31 77 2387

22-Aug 42 81 3402 37 81 2997 5 81 405

14-Oct 47 87 4089 47 87 4089

TOTAL 141 11369 89 6875 52 4494

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC LIFO

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491 21 71 1491

Purchasse

28-Mar 31 77 2387 31 77 2387

22-Aug 42 81 3402 42 81 3402

14-Oct 47 87 4089 47 87 4089

TOTAL 141 11369 89 7491 52 3878

STATEMENT SHOWING INVENTORY RECORD UNDER PERIODIC WEIGHTED AVERAGE

RECIEPTS COST OF GOODS SOLD BALANCE

DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $

balance 21 71 1491

Purchasse

28-Mar 31 77 2387

22-Aug 42 81 3402

14-Oct 47 87 4089

TOTAL 141 80.63 11369 89 80.63 7176 52 80.63 4193

5 0

3 years ago

Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by

julia-pushkina [17]

Answer:

$125,000

Explanation:

Particulars Amount

Sales revenue $115,000

Add: Accounts receivable decrease <u>$10,000</u>

Cash Receipt from customers <u>$125,000</u>

The sales revenue adjusted to a cash basis for the year is $125,000.

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3 years ago

Property taxes are based on

Mashutka [201]

Answer:

property taxes are based on the purchase price of the property.

Explanation:

when you buy a home, the assessed value is equal to the purchase price.

7 0

3 years ago

Read 2 more answers

1. List names of all employees who are not from Department A00. 2. What is the average of all employee salaries? 3. Which employ

Monica [59]

Please find schedule attached

Answer and Explanation:

1. Names of employees who are not from Department A00 include employees whose work department isn't A00 such as:

Michael Thompson, Sally Kwan, John Geyer, Irvin Stern etc(please refer to attachment)

2. Average of all employees salary = total employees salary /number of employees = $627415/25=$25096.6

3. There are 16 employees earning above the average salary of the employees, such as Christine Haas, Sally Kwan etc

4. There are 6 employees earning above $35000 such as Christine Haas, Michael Thompson, Sally Kwan, John Geyer etc

5. Ms. Haas currently makes $633000 yearly($52750 per month). If she makes $500000 per year then her salary per month will be $500000/12=$41666

4 0

3 years ago

0.83 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.83 points A company has a fisca

Lynna [10]

Answer:

1. Dr Insurance expense7,250

Cr Prepaid insurance7,250

2. Dr Interest receivable 675

Cr Interest revenue 675

3. Dr Depreciation expense15,400

Cr Accumulated depreciation15,400

Explanation:

Preparation of Journal entry

1. Based on the information given we were told that the amount of $29,000 was been paid for a one year fire insurance policy which means that the Journal entry will be :

Dr Insurance expense7,250

Cr Prepaid insurance7,250

($29,000 × 3/12 = $7,250)

2. Based on the information given we were told the company gave advanced to its chief financial officer for the amount of $27,000 which as well include principal and interest at 5% which means that the Journal entry will be :

Dr Interest receivable 675

Cr Interest revenue 675

($27,000 × 5% × 6/12 = $675)

3. Based on the information given we were told that the Depreciation on the equipment is the amount of $15,400 per year which means that the Journal entry will be :

Dr Depreciation expense15,400

Cr Accumulated depreciation15,400

5 0

3 years ago