Business, 06.12.2021 17:20, cearadenney7067
McGill Corporation purchased some equipment by issuing a $20,000 non-interest-bearing, four-year note when interest rates were 8%. Actuarial information of 8% for four periods follows:
Future amount of 1 1.360489
Present value of 1 0.735030
In the entry to record this purchase, there would be a:.
a. $20,000 debit to Equipment
b. $5,299.40 debit to Discount on Notes Payable
c. $27,209.78 credit to Notes Payable
d. $14,700.60 credit to Equipment
Answers: 1
Business, 22.06.2019 01:30, ghollins
Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholdersââŹâ˘ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e. g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholdersââŹâ˘ equity $ 9003.6 etextbook and media determine nikeââŹâ˘s accounting equation by calculating the value of total assets, total liabilities, and total stockholdersââŹâ˘ equity. (enter amounts in millions up to 1 decimal place, e. g. 45.5 million.) total assets = total liabilities + total stockholdersââŹâ˘ equity
Answers: 3
Business, 22.06.2019 20:30, anilauferc
You are in the market for a new refrigerator for your companyâs lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
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Business, 22.06.2019 22:20, Bamaboy8804
Which of the following events could increase the demand for labor? a. an increase in the marginal productivity of workers b. a decrease in the amount of capital available for workers to use c. a decrease in the wage paid to workers d. a decrease in output price
Answers: 1
McGill Corporation purchased some equipment by issuing a $20,000 non-interest-bearing, four-year not...
Mathematics, 20.06.2020 18:57
Mathematics, 20.06.2020 18:57
Mathematics, 20.06.2020 18:57