Business, 14.12.2019 03:31 jflakes406
On june 30, collins management company purchased land for $460,000 and a building for $520,000, paying $360,000 cash and issuing a 4% note for the balance, secured by a mortgage on the property. the terms of the note provide for 20 semiannual payments of $31,000 on the principal plus the interest accrued from the date of the preceding payment. journalize the entry to record
(a) the transaction on june 30,
(b) the payment of the first installment on december 31, and
(c) the payment of the second installment the following june 30. assume a 360-day year. refer to the chart of accounts for exact wording of account titles.
Answers: 3
Business, 21.06.2019 23:30
Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.
Answers: 3
Business, 22.06.2019 15:20
Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.
Answers: 1
Business, 22.06.2019 15:30
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
Answers: 3
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
On june 30, collins management company purchased land for $460,000 and a building for $520,000, payi...
Biology, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
History, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
English, 17.09.2020 02:01
History, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Arts, 17.09.2020 02:01
English, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Chemistry, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 02:01
Mathematics, 17.09.2020 03:01