Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On March15,2011,Birkshire Energy obtained a nine-month working capital loan from the First National Bank of Oglesby. The face amount ofthe note signed by the treasurer was $300,000. The interest rate charged by the bank was 10 percent. The bank made the loan on a discount basis. (Round your final answers to the nearest dollar).
(a.) Calculate the loan proceeds made available to Birkshire.
(b.) Calculate the amount of interest expense related to this loanduring the six months ended June 30, 2011.
(c.) What is the amount of the current liability related to this loan to be shown in the June 30, 2011 balancesheet?
Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.
presented below are transactions related to jennings inc.may 10 purchased goods billed at 20000 subject to cash
McBride Medical had a cash balance of $7,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in the increments of McBride pays its vendor on the last day of the month also. The company had ..
milford bank and trust company is revamping its credit management department to more effectively manage credit
bill anders retires in 8 years. he has 650000 to invest and is considering a franchise for a fast-food outlet. he would
what is the earliest completion time for a project with this information about activitiesactivityoptimistic timemost
collison and ryder company campr has been experiencing declining market conditions for its sportswear division.
There are 300 packages in the beginning inventory on the first of January. Also, the company wishes to maintain an ending inventory of 10 percent of the next month's sales.
Red Corporation manufactures hand tools in the United States. For the current year, the QPAI derived from the manufacture of hand tools was $1 million. Red's taxable income for the current year was $1.5 million. Last year, Red had an NOL of $800,0..
Red Corporation, a calendar year taxpayer, has taxable income of $600,000. Among its transactions for the year are the following:
Use the following schedule, determine the correct year-end amount of the (1) total assets (2) total liabilities, (3)owners' equity, and (4) net income.
Discuss the rationale underlying the design of the performance report you chose.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd