Business Administration 2257 Study Guide - Midterm Guide: Accounts Payable, Operating Lease, Food Cart

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48% of their revenue in 2012 was from the iphone. They"re thinking about putting out a low-cost iphone (have to consider manufacturing and profit) 10 t/f, 15 multiple choice (8-10) terminology goes well with t/f and multiple choice. Current liabilities: accounts payable, 90 day notes payable, taxes payable. Current liabilities: unearned revenue, current portion of long-term debt, interest payable. 100,000 loan 25,000 due in 2011, 75,000 due in 2013. Long term liability: 20 year bonds not accounts payable. Bonds of 25 million, taking 25 years to mature coupon rate 4. 25% and market of 3. 95% Market prices goes up if the interest rate goes down (you won"t find interest like that in the market place, so people will pay more for it) Lease a food cart for 6 months and then returned it. Lease payment was a month, with a purchase price of 10,000.