A company issued a $9,506. The best explanation/ is: the company paid the interest rate c demanded a highe the interest rate c accepted a lower i none of the above
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- I want an explanation.aces Required information. The Foundational 15 (Algo) (LO13-2, LO13-3, LO13-4, LO13-5, LO13-6) [The following information applies to the questions displayed below.) Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 107,000 units of each product. Its average cost per unit for each product at this level of activity is given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Units produced. Alpha $ 30 25 Alpha 12 21 17 20 $ 125 The company's traceable fixed manufacturing overhead is avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. Beta Beta $10 Foundational 13-13 (Algo) 13. Assume Cane's customers would buy a maximum of…when the bank sold its securities of Omr 20000 (Cost of securities 21500) with broker commission. the debit side is: Select one: a. cash and broker commissions b. Invwstement and cash c. Inveastment and brokers commission d. cash and ganis of sales e. The correct answers not available.
- Required Information [The following information applies to the questions displayed below.] Use the following transactions. a. Wages of $902 for the last three days of the fiscal perlod have not been accrued. b. Interest of $150 on a bank loan has not been accrued. c. Interest on bonds payable has not been accrued for the current month. The company has outstanding $540,000 of 8.5% bonds. d. The discount related to the bonds in part c has not been amortized for the current month. The current month amortization is $60. e. Product warranties were honored during the month; parts Inventory Items valued at $825 were sent to customers making claims, and cash refunds of $455 were also made. f. During the fiscal period, advance payments from customers totaling $2,000 were received and recorded as sales revenues. The items will not be delivered to the customers until the next fiscal period. Record the appropriate adjustment. Required: a-1. Show the effect, if any, of each of the…8. The following information about Lapus Incorporation that borrows by pledging its receivables are as follows: Average balance of accounts receivable Annual receivables turnover (360/ACP) Administrative fee charged on all new receivables Interest rate on outstanding loans Percent of receivables accepted What is the effective cost of financing stated as an annual rate? a. 12.0% b. 14.0% c. 21.6% d. 24.0% P100,000 6x 2% 12% 80%E6.21 (LO 5) (Transfer of Receivables) Use the information for Jones Company as presented in E6.20. Jones is planning to factor some accounts receivable at the end of the year. Accounts totaling $25,000 will be transferred to Credit Factors, Inc. with recourse. Credit Factors will retain 5% of the balances for probable adjustments and assesses a finance charge of 4%. The fair value of the recourse obligation is $1,200. Instructions a. Prepare the journal entry to record the sale of the receivables.
- Calculate total amount of term A repaid in year 1 post deal using assumptions below. Assume there are no mandated repayments, and all available cash flows can be used for debt repayment. Assume cash taxes paid is after allowing for the tax shield on interest payments. Assume interest is calculated on beginning balances. a) 163.2 b) 194.4 c) 247.1 d) 333.6 *Answer is 163.2 - please provide explanationam. 134.Paid premium by cheque R300. I answered it the following way: Asset:cash liability: Insurance premium -R300 DR -R300 CR Is my anwser correct? This is an accounting equation question
- choose the letter of the correct answer Company A borrows P500,000.00 from the bank and is required to maintain a 15% compensating. Further, Wilson has an unused line of credit of P200,000.00, with a required 11% compensating balances. What is the total required compensating balance the firm must maintain a. P75,000.00b. P22,000.00c. P97,000.00d. P182,000.006Do not give answer in image formate