2 years ago

What is the correct entry for a $100 purchase of supplies on credit?

Business

2 answers:

solmaris [256]2 years ago

6 0

the correct answer to this problem is c

wolverine [178]2 years ago

4 0

Answer:c

Explanation:

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Vargas Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor

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Answer:

11.20

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2 years ago

Wildhorse Construction Company had a contract starting April 2021, to construct a $24900000 building that is expected to be comp

jek_recluse [69]

Answer:

The construction in process amount reported at December 2021 is $13,695,000

Explanation:

In this question, we are asked to state the amount the company will report construction in the process of.

Firstly, we calculate the profit = Total contract price - Expected costs of contract = $24,900,000-$22,900,000 = $2,000,000

The profit in percentage of cost is; 2,000,000/22,900,000 = 8.73%

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The construction in process at December 2021 = Cost incurred + Proportionate profit = 12,595,000 + 1,100,000 = $13,695,000

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2 years ago

A corporate bond with a face value of $1,000 matures in 4 years and has a coupon rate of 6.25 percent. The current price of the

postnew [5]

Answer:

8.28%

Explanation:

We use the Rate formula shown in the spreadsheet for this question

The NPER specifies the time period.

Given that,

Present value = $932

Future value or Face value = $1,000

PMT = 1,000 × 6.25% ÷ 2 = $31.25

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The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

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2 years ago

If a firm has high current and quick ratios, this always is a good indication that a firm is managing its liquidity position wel

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Answer:

True

Explanation:

Current and Quick ratio shows the liquidity position of the company. It shows that how much assets are available to company to pay off its liabilities if it becomes due in short period of time. High current and quick ratio make the company strong and it will have enough asset to deal with its obligation than with low current and quick ratio.

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Healthcare worker's main goals are to treat patient illnesses, but they cannot ignore social and cultural contexts. To provide the best care, it is vital that healthcare workers understand and respect how different cultures and religions handle grief and death. For example, it may be important to have a Rabbi or Priest who can pray with the patient or family if desired.

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1 year ago

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