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
Rudiy27
3 years ago
13

The pita pit borrowed $192,000 on november 1, 2018, and signed a six-month note bearing interest at 12%. principal and interest

are payable in full at maturity on may 1, 2019. in connection with this note, the pita pit should report interest expense at december 31, 2018, in the amount of (do not round your intermediate calculations):
Business
1 answer:
timofeeve [1]3 years ago
6 0
<span>The interest expense is $3,850.52. 12% annual interest is equivalent to a daily interest rate of 0.0328767123% in 2018, a 365 day year, and with 61 days between November 1 and December 31 the amount calculated is (0.0328767123/100)*61*192000 which is equal to 3,850.52.</span>
You might be interested in
hornton Computer Services, Inc. has been in business for six months. The following are basic ­operating data for that period: Mo
nignag [31]

Answer:

The total monthly fixed cost and the variable cost per hour is $1,540 and $23

The average contribution margin per hour is $27

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Operating cost - low operating cost) ÷ (High service hours - low service hours)

= ($11,200 - $4,300) ÷ (420 hours - 120 hours)

= $6,900 ÷ 300 hours

= $23

Now the fixed cost equal to

= High operating cost - (High service hours × Variable cost per hour)

= $11,200 - (420 hours × $23)

= $11,200 - $9,660

= $1,540

For computing the contribution margin per hour, first we have to compute the revenue per hour which is shown below:

= Revenue ÷ service hours

= $6,000 ÷ 120 hours

= $50

We know that,

The contribution per hour = Revenue per hour - variable cost per hour

                                           = $50 - $23

                                           = $27

8 0
3 years ago
Parker Pharmaceuticals is a corporation that employs over 400 workers. As the firm continues to grow, the need for discipline am
Virty [35]

Answer:

The following best supports a decision to use the progressive disciplinary action approach:

B) Parker wants an informal procedure for disciplining employees.

Explanation:

A disciplinary procedure is the way your employer deals with discipline when they believe that your conduct or performance is not up to the expected standard. Disciplinary procedures may involve something as simple as an informal chat, and escalate to involve letters, meetings and appeals

Informal disciplinary actions include: oral or written admonishments; letters of counseling, caution, instruction or warning, as well as letters of requirement.

These are the steps of progressive discipline actions:

Step 1: Verbal Counseling(s) A verbal counseling is generally the first step of progressive discipline.  

Step 2: Written Warning(s) A written warning is generally the second step of progressive discipline.

Step 3: Performance Improvement Plan (PIP).

Step 4: Termination of Employment.

In most cases, it is far better for the employer to resolve issues informally wherever possible. Depending on what the issue is, it may be appropriate to have an informal chat or verbal warning with someone rather than going through the process of issuing a formal warning.

The purpose of an informal meeting is to discuss issues which would not have an appropriate place in a formal meeting. They may be designed to make one of the participants feel more at ease and more free to speak their mind than they would in a more formal setting.

4 0
3 years ago
Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for th
Sergeeva-Olga [200]

This question is incomplete because the options are missing; here is the complete questions:

Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car. Beth's response represents a(n) ________.

A. Inquiry regarding terms

B. Rejection of the offer

C. Conditional acceptance of the offer

D. Additional term

The correct answer to this question is D. Additional term

Explanation:

In a contract, the terms refer to the specific conditions or obligations the parties involved accept. These terms are usually registered in a document as not following the terms has legal consequences. In the case presented, the answer of Beth represents an additional term because the purpose of her answer is to include a new condition or obligation that the seller of the car should accomplish as part of the agreement between seller and buyer.

3 0
3 years ago
Raoul is an illiterate who does not have proper skills for any job. as a result, he is unable to find permanent employment. as a
Lunna [17]
<span>Raoul is an illiterate who does not have proper skills for any job. As a result, he is unable to find permanent employment. As a last resort, Raoul starts a diner in his home to earn a regular income for his family. In the given scenario, Raoul most likely started the diner because it offered an income for his family using skills that he possesses. Since Raoul is not able to stand apart from competition when it comes to everyday jobs, Raoul needed to find a way to earn income for his family. Motivated to do so, Raoul put is skills to work and developed a way to make it happen for his family. </span>
8 0
3 years ago
What is the total value of items owned by a business called
Arisa [49]

Answer:

Explanation: assets

7 0
1 year ago
Read 2 more answers
Other questions:
  • If a hurricane hits central florida, the marginal benefit from visiting disney world ______, which​ ______ the incentive to visi
    7·1 answer
  • Which one of the following statements about protective tariffs is correct?
    14·1 answer
  • 1. Health maintenance organizations, or HMOs, differ from the indemnity insurance system by: A. Reimbursing either the provider
    5·1 answer
  • Louise Fulkerson is president of the Student Marketing Association at Baylor University. Louise and the otherofficers want to co
    11·1 answer
  • Wallendo Corporation issued 5,000 shares of its $1 par value common stock as a stock dividend when the shares were selling for $
    8·1 answer
  • In the multiplex industry, Vibrant Movies Inc. is an upscale multiplex that focuses on superior customer experience. The firm ch
    5·2 answers
  • Fleming corp. provided services on account. the transaction would be recorded with a credit to:
    13·1 answer
  • An example of consumer spending when calculating the GDP using the expenditures
    12·1 answer
  • Suppose that the demand for milk in the United States is represented by the following equation, where P is the price of a gallon
    11·1 answer
  • Why is Berkshire Hathaway underpreforming?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!