Business, 27.11.2019 22:31 carriganlee8688
Marco enterprises issued $10,000 of common stock when the company was started. in addition, malco borrowed $36,000 from a local bank on july 1, year 1. the note had a 6 percent annual interest rate and a one-year term to maturity. malco enterprises recognized $72,500 of revenue on account in year 1 and $85,200 in year 2. malco collected $61,300 on account in year 1 and $71,500 in year 2. malco paid $39,000 of other operating expenses in year 1 and $45,000 of other operating expenses in year 2. malco repaid the loan and all interest at the maturity date. what amount of interest expense would malco report on year 1 income statement?
Answers: 2
Business, 21.06.2019 16:00
Sarah borrowed $16,500 on may 23 with interest due on september 3. if the interest rate is 9%, find the interest on the loan using exact interest and ordinary interest.
Answers: 2
Business, 22.06.2019 02:00
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
Answers: 2
Business, 22.06.2019 16:00
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
Business, 22.06.2019 22:40
Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses.the utilization rate for southeastern=%the efficiency rate for southeastern=%
Answers: 3
Marco enterprises issued $10,000 of common stock when the company was started. in addition, malco bo...
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