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ololo11 [35]
1 year ago
9

On december 1 victoria company signed a 90 day 4% note payable with a face value of 15,000 what amount of interest expense is ac

crued at december 31 on the note?
Business
1 answer:
xz_007 [3.2K]1 year ago
4 0

Interest Expense

The cost of borrowing money is referred to as interest expenditure. Interest expenditure in the income statement might represent the cost of borrowing money from banks, bond investors, and other sources.

Main Content

$50

A note payable is a type of financial instrument. In this case, the note payable is due in three months. So, after one month, we will record the following interest on the note payable:

15000*4%*(3/12) = 150

For 1 month = 150/3  =  50

The note payable was sold on December 1, and we must calculate its interest on December 31, which is one month later. As a result, we will divide total interest 150 by 3. This will provide us with one month's interest.

To learn more about Interest Expense

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Managers in international businesses will need to evaluate the attractiveness of a country as a market or location for a facilit
Aleks04 [339]

Answer:

1. Absolute size of an economy

e. Gross national income (GNI)

2. Speed of economic growth

f. Economic growth rate

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c. Private consumption

5. Cost of production

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Explanation:

Any entity that wishes to exploit foreign markets must of necessity determine the suitability of the country's market and its economy.  To achieve this aim, entities engaging in foreign direct investments consider some factors.  One of them is the country's attractiveness.  A country is attractive or not depending on the following elements, among others: market size, growth of market size, per capita income, population and age distribution, existence and enforcement of contract laws, and political openness.  These considerations are important to avoid regrets, including over-exposure to country risks.

7 0
2 years ago
You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance ma
Misha Larkins [42]

Answer:

$50

Step by Step Explanation:

100 shares × $70 = $7,000

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0.30 = (100P −$3,500)/100P

0.30×100P= 30P

30P = 100P −$3,500

30P- 100P= -70P

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The stock price level someone would get a margin call Assuming the stock pays no dividend is $50

4 0
3 years ago
LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task?
Fittoniya [83]

Answer:

collaboration

Explanation:

Supervisory skills is the ability to monitor work, duties been carried out to ensure they are successfully completed.

Conceptualization is the ability to create new ideas.

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I hope my answer helps you

7 0
3 years ago
Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated ret
Dvinal [7]

Answer:

$873,200

Explanation:

The computation of the cost of merchandise sold is shown below:

= Merchandise inventory, July 1  + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31

= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600

= $873,200

We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory

4 0
3 years ago
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mestny [16]

I got B, C and D.

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3 0
3 years ago
Read 2 more answers
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