Swifty Corporation purchased a truck by issuing an $108,800, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck.
Answers
The discount on the note payable is therefore $108,800 - $82,183 = $26,817. The note payable is recorded at its present value of $82,183.
The purchase of the truck on issuance of the zero-interest-bearing note can be recorded using the following journal entry:
Truck 108,800
Discount on Note Payable (26,817)
Note Payable 81,983
To record the purchase of a truck by issuing a 4-year, zero-interest-bearing note, market rate of interest at 10%
The face value of the note payable is $108,800, which is the cost of the truck. However, since the note is zero-interest-bearing, the interest expense has to be recognized by creating a discount on the note payable. The discount on the note payable is calculated as the difference between the face value of the note and the present value of the note payments, using the market rate of interest. In this case, the present value of the note payments is $82,183, calculated using the market rate of interest of 10% and a 4-year term. The discount on the note payable is therefore $108,800 - $82,183 = $26,817. The note payable is recorded at its present value of $82,183.
Learn more about payable ,
https://brainly.com/question/31316330
#SPJ4
Related Questions
Which of the following best defines goal?
a. aim or purpose
b. disregard or disrespect
c. freedom from doubt
d. influence
Answers
Because a goal is a target that your trying to accomplish
whos down to run away with me?
Answers
When you order a sweater from an l.l.bean mail-order catalog, what type of marketing channel are you and the company using?
Answers
Direct marketing channel used for ordering a sweater from an L. L. Bean mail-order catalog.
A direct advertising channel consists of just two parties—a producer and a client. by evaluation, a channel that consists of one or extra intermediaries (wholesaler, distributor, broker, or agent) is an oblique channel. Corporations often utilize a couple of channels to reach more clients and boom their effectiveness.
Direct advertising and marketing is a promotional method that involves supplying records approximately your organization, product, or provider for your goal consumer without the use of an advertising middleman.
Direct marketing channels are those that interact with clients on an individual basis. They do not need an intermediary party to handle their activities because direct coordination is more advantageous and efficient.
For instance, banks deal with each consumer individually. Direct marketing is used by computer or technology dealers whose primary duties would be skill-related. Dell is an illustration of a company in the computer and technology sector that uses this tactic.
To know more about Direct marketing channels visit here:
brainly.com/question/15331624
#SPJ4
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUconsider a bicycle producer that initially employs 200 production workers and 10 customer-service workers. when the firm outsources its customer-service operation to india, the 10 customer-service workers lose their jobs. part 2 a. the net effect from outsourcing could be a loss of fewer than 10 jobs in the firm because part 3 a. the savings may allow the firm to hire more customer-service workers. b. the savings may allow the firm to hire more production workers. c. local laws may prevent employment reductions. d. the 200 production workers will work harder.
Answers
savings may allow the irm to hire more production workers.
When a firm outsources its customer-service operation to India, the 10 customer-service workers lose their jobs. However, outsourcing can have a net effect of creating additional jobs within the firm. Here's why:
1. Outsourcing the customer-service operation to India can result in cost savings for the firm. This is because labor costs in India are generally lower than in other countries.
2. The cost savings obtained from outsourcing can be used to invest in other areas of the business, such as hiring more production workers. By expanding the production team, the firm can increase its manufacturing capacity and potentially meet the growing demand for bicycles.
3. The increased production capacity can lead to an increase in sales and revenue for the firm. As a result, the company may need to hire more workers to keep up with the higher production levels and ensure customer satisfaction.
It's important to note that the other options listed (a, c, and d) may not directly address the net effect of outsourcing on job loss or creation within the firm. For example, while it is possible that the savings may allow the firm to hire more customer-service workers (option a), this is not the most direct answer to the question.
In summary, outsourcing the customer-service operation can lead to cost savings for the firm, which may then be used to hire more production workers, potentially offsetting the job loss from outsourcing.
how many credits do you need to be a sophomore in college
Answers
Answer:Sophomores have at least 28 credit but less than 60
Explanation:
Answer: Sophomore status begins when 30 credits have been earned.
Explanation:
Which of these would be most likely to be included in CPI
Answers
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
What is the basis of real property tax?
Answers
The concept mentioned is Real property tax, which is a tax based on the value of the real property. The answer is the value of the property at possession.
Property possessors pay property duty calculated by the original government where the property is located. Property duty is grounded on the value of the property, which can be real estate or — by numerous authorities — also palpable particular property. Advancements in water and seamster use the assessed levies.
The base is generally the quantum of your capital investment in property for duty purposes. Use your base to figure deprecation, amortization, reduction, casualty losses, and any gain or loss on the trade, exchange, or other disposition of the property.
In utmost situations, the base of an asset is its cost to you. It accrues on the 1st of January and is outstanding in one or four equal inaugurations. RPT investiture payments must be made on or before the end of each quarter, making the first investiture due on or before March 31.
To know more about Real property tax,
brainly.com/question/28274757
#SPJ4
Transaction Processing Systems (TPS) can make decisions using predetermined rules and processes. This is an example of a(n) _________ decision of a(n) ____________ control.
Answers
TPS can make decisions based on pre-defined rules and processes. This is an example of an operational control's structured decision.
What is Transaction Processing Systems?Transaction processing system is also denoted as TPS. It is a method of computing that breaks down work into discrete, indivisible activities known as transactions.
A transaction processing system is a software or may be hardware combination that facilitates transaction processing.
Therefore, the TPS is an example of a structured decision of an operational control.
Learn more about the Transaction Processing Systems, refer to:
https://brainly.com/question/11621307
#SPJ1
Many companies in the sharing economy have successfully taken their business to foreign markets as well. What challenges do you see for these companies as they expand into foreign markets?
Answers
Some challenges for these companies as they expand into foreign markets are foreign policy, cultural differences and language barriers.
What is an effective internationalization strategy like?It is one in which organizations develop a plan in line with their needs and the market to which they want to expand their business. For this, it is important to adapt products, services and communication to the local culture, to be a brand accepted by consumers and well positioned in the market.
Therefore, the international expansion of an organization can be positive and profitable when there is a strategy aligned with the needs of the local market.
Find out more about internationalization strategy here:
https://brainly.com/question/15234375
#SPJ1
The challenges that is seen for these companies as they is Policy from the foreign countries.
What are foreign policies?They are guidelines made by countries where goods and services are imported from or where business transactions.
The policies may not be in favor on the trader coming from another country this include higher tax and duties been paid.
Therefore, The challenges that is seen for these companies as they is Policy from the foreign countries.
Learn more on foreign policies below
https://brainly.com/question/2196996
#SPJ1
_____ is the ratio of the output of a process to the input.
Answers
Productivity is the ratio of the output of a process to the input.
It measures the efficiency and effectiveness of a process in converting inputs into outputs. Productivity is a key performance metric used to assess the overall performance and competitiveness of a business or organization.
The formula for productivity is:
Productivity = Output / Input
The output can refer to various measures such as the quantity of products produced, services delivered, or value generated. The input can include factors like labor, capital, time, energy, or resources utilized in the process. By measuring productivity, organizations can identify areas for improvement, optimize resource allocation, and track performance over time. It is an important concept in operations management, business economics, and performance evaluation.
Learn more about productivity here:
https://brainly.com/question/30333196
#SPJ11
anyone know the answer?
Answers
Answer: B. given to someone who works and receives credit for tuition.
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
Answers
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
To learn more about economics market
https://brainly.com/question/27993595
#SPJ1
This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.
Answers
In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.
Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.
She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.
A job description is a document that specifies the responsibilities and activities of each organizational role.
Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.
Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.
Learn more here:
https://brainly.com/question/12174315
why is it important to know about financial institutions?
Answers
Answer:
Financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.
Explanation:
Answer:
In their desire to earn greater returns, financial institutions help to funnel money to the most successful businesses, which allows them to grow faster and supply even more of the desirable goods and services. This is how financial institutions greatly contribute to the efficient allocation of economic resources.
Explanation:
I hope this helps :)
Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answers
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
find the sum of 2x kg and 5x g. Give the answer in grammes.
Answers
Answer: 3,600 g
Explanation:
The documentation of a project cost estimate generally requires substantial supporting detail to include all of these EXCEPT:a. a description of scope.b. management reserve needsc. the estimating methods and a range of possible outcomes.d. assumptions and constraints.
Answers
The documentation of a project cost estimate generally requires substantial supporting detail to include all of these EXCEPT management reserve needs.
In a project cost estimate, the following elements are typically included:
a. A description of scope: This outlines the work required to complete the project, detailing its objectives, requirements, and boundaries.
It helps in establishing a clear understanding of the project's purpose and ensures that all necessary tasks are accounted for in the cost estimate.
c. The estimating methods and a range of possible outcomes: Various methods can be used to estimate project costs, such as parametric, analogous, and bottom-up estimating.
Documenting the chosen method and providing a range of possible cost outcomes helps stakeholders understand the accuracy and reliability of the estimate.
d. Assumptions and constraints: Assumptions are factors that are believed to be true but have not been verified, while constraints are limitations that affect the project.
Both can have a significant impact on the project cost estimate. By documenting them, stakeholders can assess the risks and make informed decisions.
However, management reserve needs are NOT typically included in the project cost estimate documentation.
Management reserve is a contingency amount set aside by the project manager to address unforeseen risks or issues that may arise during the project.
While it is an essential aspect of project management, it is not part of the detailed cost estimate documentation, as it is not directly related to the project's scope, estimating methods, or assumptions and constraints.
To know more about refer documentation here
brainly.com/question/14096715#
#SPJ11
Which part of the federal reserve system is primarily responsible for supervising financial institutions and sending bank examiners to conduct inspections?.
Answers
Jurisdiction of agency's government: reserve system is primarily responsible for supervising financial institutions and sending bank examiners.
What are the different types of jurisdiction?some of the type of Jurisdiction are given below-
Subject-Matter Jurisdiction. Territorial Jurisdiction. Personal Jurisdiction. General and Limited Jurisdiction. Exclusive / Concurrent Jurisdiction.Thus, it is Jurisdiction of agency's government:
For more details about different types of jurisdiction, click here:
https://brainly.com/question/15345352
#SPJ1
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
Hope this helps!
Which of the following is not an example of professional behavior
?
Answers
Please help me!!! Click here for question!
Most modern manufacturing jobs offer
competitive salaries
hazardous work environments
only assembly line positions
limited benefits
Answers
Answer:
The answer is A: competitive salaries
Explanation:
I just did this test and this was the right answer.
Most modern manufacturing jobs offer competitive salaries Option(A) is correct. Manufacturing designing is the field of designing that plans and upgrades the manufacturing system, or the means through which natural substances are changed into an end result.
What does manufacturing means?Manufacturing is the creation or creation of merchandise with the assistance of hardware, work, machines, devices, and compound or natural handling or definition. It is the pith of auxiliary area of the economy.
The term might allude to a scope of human movement, from craftsmanship to cutting edge, however it is generally usually applied to modern plan, in which unrefined components from the essential area are changed into completed merchandise for a huge scope.
Such merchandise might be offered to different makers for the development of other more complicated items (like airplane, home devices, furniture, athletic gear or cars), or conveyed by means of the tertiary business to end clients and shoppers (normally through wholesalers, who thusly offer to retailers, who then, at that point, offer them to individual clients).
Therefore Option(A) is correct.
Learn more about manufacturing here:
brainly.com/question/14275016
#SPJ5
The histogram below represents the number of television sets per household for a sample of u.s. households. what is the minimum number of households having the same number of television sets?
Answers
Answer: 5 Households
Explanation:
The y-axis shows the number of households using a certain number of TV sets while the x-axis shows the number of TV sets that households own.
There are only 5 households that own 5 televisions sets. This is the lowest number of households that own the same number of television sets and this makes sense because owning 5 television sets in a single household is not something that is usually seen.
Answer:
Its 100
Explanation:
Cause the frequency is the number how house so 20+50+15+10+5=100
Yes or yes? Please help me I am to not smart edhfvidsnf
Answers
Answer:
I think yes 000000000000000
individuals in different segments should have ______ within the segment and ______ across the segments.
Answers
Answer:
similarities; differences Is correct answer
Explanation:
individuals in different segments should have similarities within the segment and differences across the segments.
(Hope this helps can I pls have brainlist (crown)☺️)
A copyright protects a company that uses an original author's work without permission. (6 points)
True
False
Answers
Answer:
false
Explanation:
copyright protects the author's work when it is used without permission.
Answer:
es Falso
Explanation:
esperó que te sirva marcarme como mejor respuesta PORFA y gracias
During the financial crisis it was proposed that firms be provided with a tax credit for investment projects. Such a tax credit would shift Group of answer choices both the demand for loanable funds and the supply of dollars in the market for foreign-currency exchange right. the demand for loanable funds right and shift the supply of dollars in the market for foreign-currency exchange left. the demand for loanable funds left and shift the supply of dollars in the market for foreign-currency exchange right. both the demand for loanable funds and the supply of dollars in the market for foreign-currency exchange left.
Answers
Answer:
I think it would be that the crisis is all about money.
Explanation: Because you need money to buy everything you need.
Investing is the business activity that measures a company's ability to generate cash from its revenue and expense activities.
a) true
b) false
Answers
Making an investment is the enterprise hobby that measures an organization's capacity to generate coins from its sales and expense activities. a) true
Making an investment is the system of buying belongings that grow in price over time and provide returns in the shape of earnings payments or capital profits. In a larger feel, investing also can be about spending time or money to enhance your own lifestyle or the lives of others.
How making an investment works is you place your cash in an account or fund with the purpose of creating a profit. investing comes with the potential of extra rewards (that may consist of more chances) over the years. it truly is why a few humans use investments to reach long-time period dreams inclusive of retirement.
Making an investment is an effective manner to put your money to work and potentially construct wealth. smart investing may additionally permit your money to outpace inflation and boom in value. The greater boom potential of making an investment is generally because of the energy of compounding and the hazard-return tradeoff.
Learn more about investment here: https://brainly.com/question/25300925
#SPJ1
can someone please answer these
Answers
Answer: They will be losing money because there company borrowed 25,000$ and lost about 7-8%
Explanation:
Bart graduated college with $40,000 in student loan and credit card
debt and is extremely worried about how he'll pay it back. His best friend
Miguel has the same exact debt and isn't worried at all. What could explain
why these two people have different levels of concern about the same
situation?
Answers
These two people have different levels of concern about the same situation depending on the situation that they are in and the date of the repayment.
What is debt?
Debt may be defined as the sum that the borrower owes the lender. A debt is an amount of money that has been borrowed for a dedicated amount of span and must be repaid, plus interest.
Bart may have some kind of debt that he may need to fulfill and there will be some changes that will come with it as the date of the repayment and the money in hand can also be the major causes.
Miguel may have a job on his hand and was confident that he may pay for the amount that is incurred. Also, he may have some kind of savings that will help him.
Depending on their current circumstances and the payback date, these two persons are concerned about the same scenario to different degrees.
Learn more about debt, here:
https://brainly.com/question/17286021
#SPJ2