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Rasek [7]
2 years ago
10

On November 1, 2020, ABC, Inc., received a 3-month, $1,500 note receivable with the 8% annual interest and principal to be colle

cted on February 1. What is the amount of interest revenue that should be recorded for the year ended December 31, 2020? Multiple choice question. $120 $60 $30 $80 $20
Business
1 answer:
LiRa [457]2 years ago
7 0

The amount of interest revenue that should be recorded for the year ended December 31, 2020 is $20 .

<h3>Interest revenue </h3>

Interest revenue represents how much interest a company earned during a specific time period. This is interest earnings on any investments the business has or debts it has provided to an individual or other entity.

Learn more about interest revenue here :

brainly.com/question/19165765

#SPJ4

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Pound Industries’ customer service department follows up on customer complaints by telephone inquiry. During a recent period, th
goldfiish [28.3K]

Answer:

$85,260.

Explanation:

The Pound industries customer service department incurs $203,000 when 7,000 calls were made. The calls allocated to wholesale operations are 2,940 calls. To identify cost per call, we divide total cost by number of calls initiated.

Cost per call = $203,000 / 7000 calls

Cost per call = $29.

Wholesales operations cost = No. of calls for wholesale operation / Cost per call.

Wholesale operations cost = 2,940 calls * $29 / call

Wholesale operation cost allocated amount = $85,260.

6 0
3 years ago
A door-to-door salesperson knocks on Mary's door and convinces her to purchase the Wonder Vacuum for $500. Soon after the salesp
Vlad1618 [11]

Answer:

Mary can cancel the transaction at any time before midnight of the third business day thereafter.

Explanation:

If she is having second thoughts about the deal , then Mary can cancel the transaction at any time before midnight of the third business day thereafter this is due to the fact that Mary may exercise the right to rescind or cancel the transaction until midnight on the third day after the transaction. She can cancel the deal at no cost to herself within 3 days of closing.

8 0
3 years ago
The development group in a​ company's IS department is staffed primarily by​ programmers, test​ engineers, technical​ writers, a
PolarNik [594]

Answer:

A) The company develops programs in-house.

Explanation:

Many companies prefer to develop the resources it wants if it is possible. In cases when companies desire so, it has its own research and development team.

When the company has its own personnel for the development of programs, that is consisting test engineers, technical writers, and many other required development personnel, will specify for the company's own programs development.

The company has its own inbuilt capacity to develop the programs in house.

8 0
3 years ago
Kline Company refinanced current debt as long-term debt on January 5, 2019. Kline's fiscal year ended on December 31, 2018, and
nasty-shy [4]

Answer:

C.

Explanation:

As a current liability.  Are obligations of the company that are expected to get paid whitin the period of one year and include liabilities such as Accounts payable, short term loans, bank overdraft, interest payable and the other liabilities of the company that are current.

5 0
3 years ago
Assume that in 2015, the first edition of a comic book was sold at auction for $1,905,000. the comic book was originally sold in
sladkih [1.3K]
Time =2,015−1,941=74 years

Annual increase=(1,905,000÷0.7)^(1÷74)−1=0.2217×100=22.17%
8 0
4 years ago
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