subject

Business, 22.04.2020 03:36 sallyguzman4281

Opal Mining sold coal to Petric Electric, receiving a six-month, noninterest-bearing note for $200,000. The fair value of the goods sold to Petric is $192,000. Opal uses a periodic inventory system, and views the financing component of this transaction to be significant. Required: 1. Prepare the journal entry to record the sale. 2. Compute the effective annual rate of interest.

ansver

Answers: 3

Show answers

Another question on Business

question

Business, 22.06.2019 05:30

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited

Answers: 2

question

Business, 22.06.2019 08:30

Blank is the internal operation that arranges information resources to support business performance and outcomes

Answers: 2

question

Business, 22.06.2019 23:30

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:

Answers: 3

question

Business, 23.06.2019 12:30

All else held constant, an increase in the price of tablets will result in a

Answers: 1

You know the right answer?

Opal Mining sold coal to Petric Electric, receiving a six-month, noninterest-bearing note for $200,0...

Questions

question

Mathematics, 20.08.2019 20:10

Early irrigation systems brought river water toforestsmountainsoceansfields...

question

Mathematics, 20.08.2019 20:10

Imma just jump off a bridge at this point so like .. the new mexico division of fish and wildlife keeps track of the silvery minnow popul...

question

Chemistry, 20.08.2019 20:10

George wishes to increase the percent of acid in 50 ml of a 15% acid solution to 25% acid, how much pure acid must be added?...

question

Social Studies, 20.08.2019 20:10

Describe the three psychological factors that are thought to play a role in enhancing prosocial behavior. how do they work?...

question

Biology, 20.08.2019 20:10

Which of the following statements is accurate concerning glucose metabolism? a. pyruvic acid, the product of glycolysis, is the starting block...

question

Business, 20.08.2019 20:10

Aship has a single cargo hold which has a weight capacity of 70,000 pounds and a volume capacity of 30,000 cubic feet. the shipowner has contracted to...

question

Medicine, 20.08.2019 20:10

What are the major challenges that face today’s hospital/healthcare systems from every different angle and perspective that you can think of. you must...

question

Biology, 20.08.2019 20:10

What are the contour lines on a contour map? lines that run from the north pole to the south pole lines that connect points having the same elevation...

question

Business, 20.08.2019 20:10

Vin diesel owns the fredonia barber shop. he employs 7 barbers and pays each a base rate of $1,560 per month. one of the barbers serves as the manager...

question

Chemistry, 20.08.2019 20:10

What is the concentration of hydronium ions in a solution given that the concentration of hydroxide ions is 2.31 × 10 -4 m?...

question

Mathematics, 20.08.2019 20:10

Simplify this expression. 6x2(3x)...

question

Business, 20.08.2019 20:10

On january 1, 2014, oksana baiul, inc. signed a fixed-price contract to have builder associates construct a major plant facility at a cost of $4,410,0...

question

Computers and Technology, 20.08.2019 20:10

In this assignment you will need to install erlang and the rabbitmq server for your operating system. finally, for protocol support you will need to i...

question

Business, 20.08.2019 20:10

Create a scenario in which a company conceals financial fraud from the auditing firm through the use of information technology. next, suggest at least...

question

Computers and Technology, 20.08.2019 20:10

How are clustering and network load balancing different? during your research, be sure to explore the difference between active-active and active-pas...

question

Computers and Technology, 20.08.2019 20:10

Let a be a sorted (ascending) sequence of n unique integers, where n = 2 and b is a natural number. given a number k where a[1] sk 3 a[n]. : (a) [10...

question

Computers and Technology, 20.08.2019 20:10

List three things you know about it compliance and enforcing controls. explain how and why it is valuable to you or your organization....

question

Computers and Technology, 20.08.2019 20:10

Write matlab program to solve y'=sqrt(1+y^2); y(0)=1; 0...

question

Computers and Technology, 20.08.2019 20:10

What are three situations when recursion is the only option available to address problems?...

question

Physics, 20.08.2019 20:10

The soil temperature in the upper layers of the earth varies with the variations in the atmospheric conditions. before a cold front moves in, the eart...

More questions: Business Another questions