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UkoKoshka [18]
2 years ago
8

Winn Co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%. Winn will record total interest exp

ense of Multiple choice question. $1,200 $15,000 $15,200 $200
Business
1 answer:
Nana76 [90]2 years ago
3 0

Winn will record a total interest expense of $200.

15,000 x .08 x (60/360)

= 200.

Interest expense is a non-operating expense recognized in the income statement. It represents interest paid on borrowings such as bonds, loans, convertible bonds, or lines of credit. This is basically calculated as the interest rate multiplied by the principal amount of the debt.

The simplest way to calculate interest expense is to multiply the company's total debt by the average interest rate on the debt. If a company has an average interest rate of 5% and he has a debt of $100 million, the interest expense will be $100 million multiplied by 0.05, or $5 million.

Learn more about simple interest here: brainly.com/question/2294792

#SPJ4

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<span>Getting a company that is part of the inert set (known by the customer but not thought of as either positive or negative) or the inept set (thought of as negative by the customer) into one that is part of the evoked set (brands that are considered in a purchasing decision) is the goal of marketing departments. Turning a company that has a negative connotation into one that is positively regarded is what helps companies gain new customers.</span>
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3 years ago
Three years ago, Sydney remodeled her home. Rather than discarding some shelving units that were in her home, she moved them to
Alisiya [41]

The correct answers are, $1200 and -$200.

Sydney has taken depreciation on the shelves of $300. The amount of basis and the amount of the gain or loss recognized on the sale of the shelves are $1200 and -$200 respectively.

Explanation:

Fair market value at the date of conversion = $1,500

Depreciation on the Shelves = $300

Basis = Fair market value - Depreciation

Basis = $1500 - $300 = $1,200  

So Basis = $1,200

Now

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Loss = -$200

So, Loss = $200

Learn more about depreciation at:

brainly.com/question/10456007

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3 years ago
One of the most important ways for a firm to create and maintain ethical behavior in the workplace is for management to?
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impose expectations and guidelines for moral conduct. The foundation of duty-based ethics is the notion that every business has obligations to others.

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The use of moral principles in a specific circumstance is considered an ethical activity. It is acting in accordance with the moral guidelines established by the society in which we reside. Both interpersonal and professional connections at work can exhibit ethical behaviour. Corporations as legal entities can also use the idea. It assesses how decisions are morally significant in each of the aforementioned scenarios. A civilization must have ethical behaviour in order to run well. People who act unethically typically lose the trust of others, and the law should punish them for their unethical behaviour.

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