1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vovangra [49]
1 year ago
11

record the adjusting entry for recording the interest due on a note payable liability. assume that the company has a $2400 note

payable outstanding on which they pay a 5% annual interest rate. record the adjustment for interest due for one month's worth of interest.
Business
1 answer:
almond37 [142]1 year ago
7 0

record the adjustment for interest due for one month's worth of interest

Interest=( 2400×5/100)×1/12

            = $10

In finance and economics, hobby is a price from a borrower or deposit-taking economic group to a lender or depositor of an amount above reimbursement of the major sum (that is, the quantity borrowed), at a specific price. It is awesome from a charge that the borrower may additionally pay the lender or some 1/3 party. It's also distinct from a dividend that is paid by a business enterprise to its shareholders (proprietors) from its earnings or reserve, however not at a specific fee decided in advance, rather on a seasoned-rata foundation as a percentage inside the praise gained by using threat-taking entrepreneurs while the revenue earned exceeds the overall expenses. For example, a consumer could normally pay interest to borrow from a financial institution, so they pay the financial institution an amount that is more than the amount they borrowed, or a customer can also earn hobby on their savings, and so they'll withdraw extra than they firstly deposited. In the case of savings, the patron is the lender, and the bank plays the position of the borrower.

Learn more about interest here

brainly.com/question/25793394

#SPJ1

You might be interested in
Lena and Joe are two of the partners in a business Lena makes $3 in profits for every $4 that Joe makes if Joe makes $60 profit
melomori [17]
Lena makes $45 profit.

Extra information:

The amount of profit Lena makes is 3/4th of the profit Joe makes, seeing as when Joe makes $4 profit, Lena makes $3 and $3 is 3/4th of $4. Therefore, when Joe makes a profit of $60, Lena makes a profit of (60 x 3/4) $45.
7 0
3 years ago
The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indica
Setler [38]

Answer:

$59,080

Explanation:

The calculation of September cash disbursements is shown below:-

September cash disbursement = Company's budgeted fixed manufacturing overhead - Depreciation + Variable manufacturing overhead

= $43,120 - $3,640 + $7.00 × 2,800

= $43,120 - $3,640 + $19,600

= $62,720 - $3,640

= $59,080

Therefore for computing the September cash disbursement we simply applied the above formula.

4 0
3 years ago
Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required
Ad libitum [116K]

Answer:

The answer is $115.38

Explanation:

Solution

Given that

The annual dividend on preferred stock = $7.50

Required return on preferred stock+= 6.5%

The next step is to find at what price should the preferred stock sell which is given as follows:

The rice of preferred stock = 7.50/6.5%

= $115.38

$115.38 is the price at which the stock preferred was sold.

4 0
3 years ago
Grey owns the surface rights for High Desert Ranch, which includes a house, a bunkhouse, and two barns. Industrial Mining Inc. o
Maslowich

Answer:

Industrial Mining

Explanation:

Industrial Mining is the one who is responsible for the damage as the industrial mining is the company who owns the project for drilling in the surface rights and to extract the oil but due to drilling wrongly, it leads to the surface subsides and the structure collapsed where as the Grey is not responsible as it owns the surface rights for the High desert bunch comprise of bunk house and house.

6 0
3 years ago
Which of the following terms is not used in project management? A. Dummy activity. B. Latest finish. C. Optimistic time. D. Lump
zavuch27 [327]

Answer:

Lumpy demand is not used in project management.

The correct answer is  D

Explanation:

Dummy is a zero activity, which helps in network analysis.

Activity refers to a task in network analysis.                                                              

Latest finish time is the latest completion time of a project in network analysis.

Lumpy demand refers to low demand as a result of higher cost. It is not used in network analysis (project management)

8 0
3 years ago
Other questions:
  • To be useful, market research has to be _____.
    12·2 answers
  • The act of directing home seekers toward or away from particular areas either to maintain or to change the character of the neig
    10·1 answer
  • The manager of the main laboratory facility at Elmhurst HealthElmhurst Health Center is interested in being able to predict the
    10·1 answer
  • Your company's board of directors expects you and your co-managers to achieve improved company performance outcomes that include
    9·1 answer
  • Uber's review of drivers average passenger rutings., in order to make personnel decisions, is an example of which of the followi
    9·1 answer
  • The Federal Reserve comes to the conclusion that more money must be pumped into the economy in an effort to stimulate economic g
    7·2 answers
  • On July 1, 1992, York Co. purchased as a held-to-maturity investment $1,000,000 of Park, Inc.'s 8% bonds for $946,000, including
    7·1 answer
  • Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has investe
    12·1 answer
  • Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
    6·1 answer
  • Which of the following statements is CORRECT?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!