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only final answers no explaining Cash 7. Discount Travel has the following acts and liabilities S102 million Accounts receivable $94 million Inventory S182 million Other
only final answers no explaining
Cash 7. Discount Travel has the following acts and liabilities S102 million Accounts receivable $94 million Inventory S182 million Other current assets $18 million Accounts payable $98 million Current portion of long-term debt $35 million Long-term det 523 million Based on these amounts, what is the current ratio? A 2.54 B 2.98 C.4.04. D 2.84. A $625 8. Camp Elim obtains a $125,000,6%, five-year installment note for a new camp bus on Javory 1, 2018. The note requires a monthly payment of $2416.60. What amount will be recorded for interest expense for the first monthly payment on January 31, 2018? B. $125 C. $7,500 D. $1,000 9. Given the information below, which bonds) will be issued at a premium? Bond 1 Bond 2 Bond 3 Bond 4 Stated Rate of Return 7% 12% 8% 100% 10% Market Rate of Return 9% 8% 1096 A. Bond 1. B. Bond 2. C. Bond 3. D. Bonds 2 and 4 10. Samson Enterprises issued a ten-year, $20 million bond with a 10% interest rate for $19,500,000. The entry to record the bond issuance would have what effect on the financial statements? A. Increase stockholders' equity. B. Increase liabilities. C. Increase assets. (D. Both B and C Rev. 1212 11. Outstanding common stock specifically refers to: A. Stock that is performing well. B. Stock that has been authorized for issuance, C. Stock issued plus treasury stock. D. Stock in the hands of stockholders Step by Step Solution
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