On January 1, 2013, Hays borrowed an additional $1,000 from Barnett Bank, bringing the total amount borrowed to $2,000. On January 1, 2014, Hays paid $500 on the principal of the loan. On December 31, 2014, Hays records the 2014 interest payment. The prime rate for 2014 was 5 percent. Which of the following answers shows the effect of the 2014 interest payment on the financial statements?
Assets Liabilities Equity Revenue Expenses Net Inc. Cash
A (75) (75) NA NA NA NA (75) FA
B (75) NA (75) NA 75 (75) (75) OA
C (90) (90) NA NA NA NA (90) FA
D (90) NA (90) NA 90 (90) (90) OA
Answers: 1
Business, 22.06.2019 08:10
Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answers: 3
Business, 22.06.2019 13:20
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Answers: 1
Business, 22.06.2019 14:00
Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
Answers: 1
Business, 22.06.2019 16:40
An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?
Answers: 3
On January 1, 2013, Hays borrowed an additional $1,000 from Barnett Bank, bringing the total amount...
Social Studies, 05.05.2021 03:10
Physics, 05.05.2021 03:10
Mathematics, 05.05.2021 03:10
English, 05.05.2021 03:10
History, 05.05.2021 03:10
English, 05.05.2021 03:10
Mathematics, 05.05.2021 03:10
Mathematics, 05.05.2021 03:10
Health, 05.05.2021 03:10
Mathematics, 05.05.2021 03:10
Mathematics, 05.05.2021 03:10
Mathematics, 05.05.2021 03:10
Arts, 05.05.2021 03:10