All categories

2 years ago

If a company obtained a bank loan, it would record that it received a(n) revenue in exchange for a(n) liability .

1 answer:

4 0

There are different kinds of loans. If a company obtained a bank loan, it would record that it received asset revenue in exchange for an Asset.

<h3>Is loan received a revenue?</h3>

Loans can be gotten from shareholders or any other person. They are

not grouped as revenue.

When loan is said to be received, the cash is known or regarded as an asset of the borrower.

Assets are known to be cash, accounts receivable, supplies, etc.

Learn more about loan from

brainly.com/question/26011426

You might be interested in

The competitive market system:

pav-90 [236]

Answer:

B- Encourages innovation because successful innovators are rewarded with economic profits.

Explanation:

The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.

When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an<em> increased customer base, increased effectiveness and increased customer satisfaction</em> by meeting needs through fresh ideas. This creates a <em>consequential rice in profits which is the major target of every profit making organization.</em>

6 0

3 years ago

The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 11,800 and 8,100 units, respectively. T

Mumz [18]

Answer:

Production Budget Bath 118,200

Production Budget Gym 59400

Explanation:

The production budget is calculated by adding the desired finished goods ending inventory to the sales and subtracting the opening inventory from it.

Production Budget

Bath Gym

Northern Sales 40,000 25000

<u>Southern Sales 75,000 35000</u> (Missing Data)

<u>Total Sales 115,000 60,000</u>

Add desired Ending

Inventory 15000 7500

Less Opening Inventory <u> 11800 8100</u>

<u>Production Budget 118,200 59400 </u>

<u />

<em>(The data in the given question was missing which has been added)</em>

<em>The Production Budget figures may change if the missing data is different from the one used.</em>

7 0

3 years ago

A firm has a cost of debt of 7.5 percent and a cost of equity of 16.2 percent. the debt-equity ratio is 0.45. there are no taxes

valentina_108 [34]

About 16.2 percent of the cost of what ?

6 0

3 years ago

The opening balance of Accounts Receivable for George Company was $25,000. Net sales (all on account) for the year amounted to $

Katena32 [7]

Answer:

5.7 times

Explanation:

Computation of George Company accounts receivable turnover for the year.

First step

Net sales - Amount collected on Account receivable

$200,000-$180,000

=$20,000

Thus,

Opening Balance of Accounts Receivable

$25,000+$20,000

=$45,000

Second step is to calculate for Account Receivable Turnover

$200,000 ÷ [($25,000 + $45,000) ÷ 2]

$200,000÷($70,000÷2)

$200,000÷$35,000

= 5.7 times

Therefore the accounts receivable turnover for the year will be 5.7 times

6 0

4 years ago

A driver brought an action for negligence against a motorcyclist in federal district court arising out of a car accident. The mo

Lera25 [3.4K]

Given the case that is presented here the best thing for the lawyer to file would be a Relief from judgment.

<h3>What is a relief from judgment?</h3>

This can be described as the motion that is made to a law court that has them asking for the correction of a mistake that was made in the given judgment.

This could be as a result of certain mistakes and oversights. From what is read here, neither the manufacturer or the cyclist was aware of the defect at the time that the trial was ongoing.