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pashok25 [27]
2 years ago
7

Burrows, Inc. borrowed $100,000 from Last Bank by signing a formal agreement to repay the bank in 10 years. Burrows' journal ent

ry to record this transaction will include a debit to ______.
Business
1 answer:
DanielleElmas [232]2 years ago
3 0

Burrows' journal entry to record this transaction will include a debit to Cash.

<h3>Journal entry:</h3>

Based on the information given if Burrows borrowed the amount of $100,000  by signing a formal agreement to repay the bank the appropriate journal entry to record this transaction will include:

Burrows journal entry

Debit Cash $100,000

Credit Notes payable $100,000

(To record notes payable)

Inconclusion Burrows' journal entry to record this transaction will include a debit to Cash.

Learn more about journal entry here:brainly.com/question/14279491

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For the last 25 years, prices have increased each year by roughly _____% on average
alekssr [168]
Your answer is 15% on average
4 0
3 years ago
Example of opportunity cost atlist 3 example​
gregori [183]

Answer:

Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.

At the ice cream parlor, you have to choose between rocky road and strawberry. When you choose the rocky road, the opportunity cost is the enjoyment of the strawberry.

A player attends baseball training to be a better player instead of taking a vacation. The opportunity cost was the vacation.

I hope i helped! xoxo

5 0
3 years ago
A 3-year project is expected to produce a cash flow of $82,400 in the first year and $148,600 in the second year. The project ha
givi [52]

Answer:

$163,100

Explanation:

First find the present value of cashflows at year 1 and 2

<u>PV of  $82,400;</u>

PV = FV/(1+r)^n

PV = 82,400/(1.1275)^1

PV = $73082.0399

<u>PV of  $148,600;</u>

PV = FV/(1+r)^n

PV = 148,600 /(1.1275)^2

PV = $116,892.2473

From the cumulative present value of 303,764.34, find the balance after deducting the above PVs;

PV of cashflow yr3 = $303,764.34 -$73082.0399 -$116,892.2473

PV of cashflow yr3 = $113,790.053

Next, calculate year 3's cashflow;

Year 3 cashflow = 113790.053(1.1275)^3

Year 3 cashflow = $163,099.996

Expected cashflow in third year is approximately $163,100

3 0
3 years ago
9. The cost for a car is $500 000, a decountered of 5% will be offered if the money is peld within 1 year. What is the trade dis
Korvikt [17]

Answer:

The trade discount is the discount of 5% equivalent to $25,000

Explanation:

The question parameters are;

The cost of the car, c = $500,000

The amount the car's list price is discounted = 5%

The duration over which the payment for the car should be made to receive the discount = 1 year

Therefore, the trade discount is the 5% of the list price, which is equivalent to 5/100 × $500,000 = $25,000

A trade discount is a reduction of the retail price of a good which a wholesaler or manufacture of the good gives a trader, which may be a wholesaler or a retailer based on certain agreements, when a group of goods or a particular type of goods is purchased

4 0
3 years ago
In which type of facility layout do machines, tools, and other resources move toward the product?
Irina18 [472]

Answer: fixed position layout

Explanation:

Some of the vital factors that are considered with regards to the location of a facility are the closeness to the customers, and the suppliers, future expansion and environmental regulations.

The type of facility layout whereby machines, tools, and other resources move toward the product is referred to as fixed position layout.

3 0
3 years ago
Read 2 more answers
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