Assume that its trade credit terms are 1/10, net 40 and Mackenzie pays on day 35. Using a 365 day year, what is Mackenzie’s Effective Annual Rate (EAR) cost of trade credit? Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
which 3 statements are true about purchase orders in quickbooks you can only create purchase orders for inventory you can close individual lines on a purchase order you can add purchase orders to any type of purchase transaction quickbooks online closes purchase orders, even when not fully received you can add multiple purchase orders to […]
Charlie Corporation’s adjusted trial balance included the following items (all account balances are normal): Accounts payable $65,000, Accounts receivable $48,000, Capital stock $100,000, Cash $50,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,000, Inventory $30,000, Notes payable $80,000, Prepaid expenses $5,000, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues […]
The following is a partial unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance (partial) 3/31/16 Accounts Debit Credit Cash $27,500 Prepaid Expenses 2,800 Accounts Payable $15,000 Office Rent Expense 1,200 Machine Rent Expense 1,400 Bravo pays office rent at the beginning of each month of occupancy. The beginning balance of […]
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