on december 1, victoria company signed a 90-day, 6% note payable, with a face value of $14,400. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.)
Answers
The amount of interest expense accrued at December 31 on the note is $74.40.
To calculate the interest expense accrued at December 31 on the note, we first need to find the number of days between December 1 and December 31.
December has 31 days, so the number of days between December 1 and December 31 is 31.
Next, we can use the formula:
Interest expense = Principal x Rate x Time
where:
Principal = $14,400
Rate = 6%
Time = (31 days) / (360 days in a year)
Time is expressed as a fraction of a year because the interest rate is an annual rate.
Plugging in the values:
Interest expense = $14,400 x 0.06 x (31/360)
Interest expense = $74.40
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Related Questions
Which of the following best describes why banks aren't allowed to loan out all of their deposits at once?
A. If banks loaned out all of their deposits, the money supply would grow much too slowly
B. If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals
C. If banks loaned out all of their deposits, there wouldn't be enough money left to provide new customers with loans
D. If banks loaned out all of their deposits, the government would be unable to calculate the bank's tax burden
Answers
Answer:
Answer is B
Explanation:
If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals. Hence, the correct answer is option B.
What are banks?Banks are financial institutions that accept deposits from customers and use those funds to make loans or invest in other financial assets. Banks provide a range of financial services, including checking and savings accounts, loans, credit cards, and investment services. Banks play a critical role in the economy by facilitating the flow of funds between savers and borrowers and providing liquidity to the financial system.
Banks must maintain a certain amount of reserves, which is a fraction of the deposits they receive, to ensure that they can meet customer withdrawal demands. If banks loaned out all of their deposits, they would not have enough reserves to meet these demands, which would lead to bank runs and financial instability.
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Question 2/10
When you are deciding what to buy, you should not.
assume that buying the cheapest item is the
smartest choice.
compare the unit price of similar items,
wait for sales to get the best price,
read reviews from unbiased sources,
Answers
You shouldn't automatically believe that choosing the cheapest item is the best move when making a purchase.
Consumers typically assess the alternatives based on a variety of product characteristics. Consumers take into account a variety of aspects, including appearance, usability, quality, pricing, service, brand recognition, popularity, and social media reviews.
If a person is aware of a product's price, they are more inclined to use it. Consumption is influenced more by the perceived cost of a thing than by its real cost. The way the thing is priced has a big impact on how people perceive it. While some pricing schemes conceal the cost, certain pricing methods draw attention to the perceived cost of a purchased good.
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Why would an employer ask you to provide proof of your identity when filling out an i-9 form?
Answers
The employee must also provide their employer with valid identification and employment authorization paperwork.
Briefing:-The employer is required to review these documents to see if they appear to be legitimate and pertain to the employee, and then record the document information on the employee's record. Form I-9.
What does identification mean in the I-9 context?a driver's license or identification card issued by a state or US territory, provided it has a photo and includes information such the holder's name, address, gender, height, and eye color.
When may an employer request I-9 paperwork?On their first day of employment—the time when an employee officially starts working for pay or another type of compensation and is referred to as the date of hire under Department of Homeland Security regulations—you can ask your employees to submit Form I-9; or. If they accepted your job, before their first day of work.
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On September 10, 1990 the published prices (cents on the dollar) on Latin American bank debt was quoted as follows:
Mexico 43.12
Venezuela 46.25
Chile 70.25
Assume that the central banks of Mexico, Venezuela, and Chile redeemed their debts at 50 percent, 85 percent, and 76 percent, respectively, of face value in a debt-for-equity swap. If the three countries had equal political risk, based purely on financial considerations, the cost of a $40,000,000 assembly plant investment in local currency would be ranked (lowest to highest) in dollar cost as follows:
Answers
Consumers can work with American Debt Relief, a respectable company, to negotiate and settle credit card debt via the debt settlement procedure. This business offers a free debt assessment to get you started and has outstanding customer evaluations.
Explain in detail.
Venezuela first, Mexico second, Chile thirdThe dollar cost of raising the needed capital in each country can be calculated as follows:Mexico: ($40,000,000/.50) x .4312 = $34,496,000Venezuela: ($40,000,000/.85) x .4625 = $21,764,706Chile: ($40,000,000/.76) x .7025 = $36,973,684To know more about Fund here
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Which situation shows how a consumer's prior decision influences their future decisions within the same product category
Answers
The that shows how a consumer's prior decision influences their future decisions within the same product category is when a consumer joins a health club and needs to buy running shoes and athletic wear.
What are future decisions?Future decisions are those decisions that can be made by customer after a thorough examination of a particular product.
Then they can now make a decision whether to buy or not.
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why would the stock exchange insist that all companies abide by a strict code of rules and procedures??
Answers
To guarantee honest and open trading methods for all investors, the stock market requires that all businesses adhere to a stringent code of regulations and rules.
How does stock exchange market works?To guarantee honest and open trading methods for all investors, the stock market requires that all businesses adhere to a stringent code of regulations and rules. This supports market confidence and preserves the credibility of the stock market. Companies that adhere to these guidelines and practises give investors accurate and timely information, ensuring that all stakeholders have the same access to information. This aids in preventing market manipulation and other unethical actions that can endanger investors. Additionally, by regulating the behaviour of businesses and their leaders, these rules and processes serve to ensure that they behave in the most beneficial way for shareholders and the marketplace as a whole.
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Select the correct answer.
Which of these is an informal group?
A. command group
B. self-managed work group
C. task group
D. virtual group
E. interest group
Answers
Answer:
B
Explanation:
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If sugar and nutrasweet are substitutes, then we can be certain that a decrease in the price of sugar will lead to an increase in the consumption of?
Answers
If sugar and nutrasweet are substitutes, then we can be positive that a minimize in the charge of sugar will lead to an enlarge in the consumption of nutrasweet.
Artificial sweetener maker NutraSweet stated on Wednesday it would exit its aspartame enterprise via the give up of the year, citing increasing foreign competition. Aspartame, which is about 200 instances sweeter than sugar, is widely used to sweeten diet sodas.
What are the facet results of NutraSweet?Aspartame has been linked to behavioral and cognitive issues along with learning problems, headache, seizure, migraines, irritable moods, anxiety, depression, and insomnia, wrote the researchers of a 2017 learn about in Nutritional Neuroscience.
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https://brainly.com/question/15163426#SPJ4Which types of postsecondary education are examples of traditional academic education? Check all that apply.
associate degree
apprenticeship
bachelor’s degree
technical school degree
Answer: 1,3
Answers
An apprenticeship studies under a master of a trade.
A technical school degree is training in a field specific to what you want to get a job in, like air conditioning repair.
Answer:
associate degree and bachelor’s degree is the answer
Explanation:
just did it trust me :)
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answers
Answer:
December 31 1990 : Le 2100
December 31 1991 : Le 2800
December 31 1992 : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Number of Useful years = 10
scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation formula :
[ (Cost - scrap value ) / number of useful years]
YEAR 1:
Equipment was purchased on April 1st, that is only 9 of the 12 months will be used to calculate Depreciation in the first year.
December 31, 1990:
[ (30,000 - 2000) / 10 ] × (9/12)
2800 × 0.75 = Le 2100
December 31, 1991 :
[ (30,000 - 2000) / 10 ] × (12/12)
2800 × 1 = Le 2800
December 31, 1992:
[ (30,000 - 2000) / 10 ] × (12/12)
2800 × 1 = Le 2800
Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points)
Answers
Answer:
write a check, use an ATM, fill out a withdrawal slip and take it into the bank
A person who holds him- or herself out as a specialist or knowledgeable in a certain type of business is one type of
O negotiator
O offeree
O merchant
buyer
Answers
Answer:
Merchant
Explanation:
A cost remains unchanged when the volume of activity changes within the relevant range.a. Trueb. False
Answers
A cost remains unchanged when the volume of activity changes within the relevant range. This, statement was true. Thus, option (a) is correct.
What is the cost?The term cost refers to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.
Fixed costs are expenses was no to the changed. Cost remains unchanged such as rent on a building, cost of insurance, and the salaries of employers. It was the cost unchanged when the mass of activity alterations.
As a result, the significance of the statement is true are the aforementioned. Therefore, option (a) is correct.
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Explain how experience performing accounting research could prepare you for a career in the profession
Answers
Performing accounting research equips individuals with essential skills for interpreting complex standards making informed decisions, providing accurate financial reporting, and ensuring compliance with laws.
Additionally, research experience allows an individual to develop critical thinking skills, which are essential for solving problems and making decisions in the accounting profession. It also helps in understanding the current trends and issues that are relevant to the profession, which can be valuable when providing advice to clients or making strategic business decisions.
Research experience also helps to develop strong analytical skills, which are essential for understanding financial statements, identifying potential issues, and making recommendations for improvement. Furthermore, research experience can also provide an understanding of the different research methods and techniques used in accounting, which can be used to evaluate financial data and make informed decisions.
In summary, experience performing accounting research can provide an individual with the necessary knowledge, skills and analytical abilities to be successful in the accounting profession. It helps in understanding the complex accounting standards and regulations, developing critical thinking and analytical skills, staying updated with current trends and issues and making informed decisions.
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Joanne owns a bakery that has been in business for over three years. Lately, she hasn't
been making much profit, so she's looking at ways to make her business more productive.
Help her complete her analysis by reviewing the following information about her company
and answering the questions.
• Number of employees: 10
• One head baker and nine general employees who assist with baking, cleaning, stocking
inventory, working the register, and merchandising,
• Joanne and the head baker often have to tell the other employees what to do when they
arrive for their shifts.
• Employees have to check in with Joanne when they're done with a task to know what to
do next
Types of goods baked: Cakes, cupcakes, cookies, pies, doughnuts, scones, and muffins
.
a) How might specialization, or division of labor help Joanne make her business more
productive? (3 points)
Answers
Answer:
She shouldmove maybe 1 of the employees as manager that manages the taxes and general paperwork and give the employees what to do each week or just each shift if thats working but it doesnt seem too productive
Explanation:
__________ problems arise when the receiver doesn't listen carefully or reads too quickly and overlooks a key point.
Answers
Decoding problems arise when the receiver doesn't listen carefully or reads too quickly and overlooks a key point. Read below for further explanation.
Signs of decoding problemsSigns of decoding problems include:
trouble sounding out words and recognizing words out of context. confusion between letters and the sounds they represent. slow oral reading rate (reading word-by-word) reading without expression.Therefore, the answer is decoding problem.
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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answers
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
Write a storyline in work environment that apples (3) employability skills to be a productive and positive employee.
Answers
Answer:
Storyline
Explanation:
You work in a hotel.
To be a productive and positive employee, there are a few must and must nots. Let's say that you work at the front desk. When your customer walks up to your desk, always make sure to greet them with the appropriate sayings. Ask directly what you can do to help them, and do it in a timely manner. If they are unsure or have any questions at all, make sure that they feel welcome to ask any questions.
Don't ask the customer inappropriate questions. such as;" What do you want?". Greet them nicely and treat your guests as your family.
To be a productive employee make sure you are on time as scheduled, do any assignments the day before and always show up with a smile.
What are extension strategies?
Answers
➣ Extension strategies are marketing techniques that seek to improve sales to extend the life of a product before decline begins.
➥ I hope I have helped you, greetings! Atte: ღTheGirlSadღAnswer:
Extension strategies are marketing techniques that seeks to improve sales to extend the life of a product before decline begins .Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answers
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
Being aware of your expectations is an example of a. For introducing mindfulness to young children
Answers
Being aware of one's expectations is to keep them in check and to ensure that they are realistic. This is one of the ways to practice Effective Parenting.
Dangers of Unrealistic ExpectationsSome of the dangers of unrealistic expectations are:
Frictionmisunderstandingsfrustrationsdamage to the self-esteem of the kids and stifle healthy mental development of the kidsSee the link below for more:
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Extras you receive for employment, which could include retirement plans, health insurance, and vacation time, are called ______. A. Flextime b. Income c. Benefits d. Outlook Please select the best answer from the choices provided A B C D.
Answers
Answer:
C. Benefits
Hope this helps!
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
Answers
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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Office Manager: definition, what do they do?
And, what is the training I need to become an office manager?
Answers
Explanation:
essentially ensure the smooth the running of an office day to day basis and may manage a team of administrative or support staff
A proven product, established management systems, and customer goodwill are three advantages of _____. a. joining a family business b. starting a new business c. buying a franchise d. working from home
Answers
Answer:
Option C: Buying a franchise
Explanation:
Franchise is simply defined as a business that sells or distribute a product or service that has beingdeveloped by a franchisor. It is usually in the way or manner that the franchisor listed.
The product, method of distribution, and, sales and management are governed or controlled by the franchisor of the business.
The process of purchasing that is buying of a Franchise is by looking into franchising company, contact, application, franchise contact and review, franchise agreement, negotiation terms, agreement signed and others.
Answer:
C or 3Explanation:
i got the proof if you would like.
A major cause of the 2008 economic collapse was Group of answer choices the Contract with America. Bush's expansion of affirmative action programs. the war in Iraq. the collapse of the housing market.
Answers
Answer:
the collapse of the housing market.
Explanation:
The cause of the 2008 financial crisis was the deregulation of the financial sector which allowed banks to invest in real estate.
The resulting bubble in real estate prices led to the 2008 financial crisis.
One friend asks you to go to
the movies and the other
asks you to go to the park.
What is the opportunity cost
if you choose to go to the
park? Explain why
Answers
For example, movie theaters are some of the only locations available to the public where you are able to watch the brand new releases of movies. What also makes movie theaters unique from all other places is people receive the opportunity to watch the movie on a giant screen and be the first to find out what new movies are coming out later from the previews. Finally, movie theaters are famous for their movie theater popcorn.
I hope this helped!
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $1,092 is deposited into this annuity every month, how much is in the account after 7 years? How much of this is intere
Answers
The interest earned in the account after 7 years is $55,221.52.
After 7 years of depositing $1,092 into an annuity that pays 4.8% compounded monthly, the total amount in the account can be calculated using the future value of an annuity formula.
The future value (FV) of an annuity is calculated by multiplying the monthly deposit amount by the future value factor. The future value factor is calculated using the formula (1 + r)^n - 1 / r, where r is the interest rate per period and n is the number of periods.
In this case, the monthly deposit amount is $1,092, the interest rate is 4.8% (or 0.048 as a decimal), and the number of periods is 7 years multiplied by 12 months, which equals 84 periods.
Using the formula, the future value factor is (1 + 0.048)^84 - 1 / 0.048 = 126.6974.
Multiplying the monthly deposit amount by the future value factor, we get $1,092 * 126.6974 = $138,413.18.
Therefore, after 7 years, there will be $138,413.18 in the account.
To calculate the interest earned during this period, we subtract the total deposits made from the final account balance: $138,413.18 - ($1,092 * 84) = $55,221.52.
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Some examples of indirect effects that could affect incremental cash flows would be?
Answers
Incremental cash flow is the additional operating cash flow that an organization receives from taking on a new project. A positive incremental cash flow means that the company's cash flow will increase with the acceptance of the project. A positive incremental cash flow is a good indication that an organization should invest in a project.
There are various indirect effects that could affect cash flows like:
- releasing of a product that will generate sales of replacement parts and services in future years
- Dismantling of existing product sales by introduction of a new product
- increased sales of an existing product by release of a complementary product
- losing existing store sales by locating a new store too close by
There are various other difficulties that come overboard like sunk cost, opportunity cost, cannibalization and allocated costs. It tries to predict the future cash flow of a business if it takes on a new project. It helps management determine if a project is worth doing or not.
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