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
deff fn [24]
4 years ago
11

On december 1, victoria company signed a 90-day, 6% note payable, with a face value of $15,000. what amount of interest expense

is accrued at december 31 on the note?
Business
1 answer:
Zepler [3.9K]4 years ago
4 0
To calculate the accrued interest:

Just multiply the interest rate by the balance to determine the annual interest expense. Divide the annual interest expense by 12 to calculate the amount of interest to record in a monthly adjusting entry.So fotr this problem, if a $15,000 note payable has a 6 percent interest rate, multiply 10 percent, or 0.06, by $15,000 to get $900 in annual interest. Divide $900 by 12 to get $75 in monthly interest.

Therefore, the accrued interest is $75.
You might be interested in
Which of the following statements about torts is (are) true? I. The person who is injured or harmed by a tort is called a plaint
Sunny_sXe [5.5K]

Answer:

Both I and II are correct

Explanation:

A tortious act  can include the intentional infliction of emotional distress, invasion of privacy etc.  by one party to another party. Tort is the action brought forth by victims for the purpose of gaining financial compensation for injuries or losses suffered because of wrongful actions from another.

The party to which one or all of the above listed act is done to is called a claimant  and they are usually awarded financial compensation.  

Both options are correct because the injured or harmed person by a tort is called a plaintiff or claimant and the punishment for committing a tort is damages in form of money.  

8 0
3 years ago
Which of the following is NOT true about a command economy?
kkurt [141]
distribution of raw material. is decided by givernment
4 0
4 years ago
What consideration should researchers take into account when designing an online study?
Fudgin [204]

Attention should researchers don't forget when designing a web study: moral considerations in studies are a fixed of ideas that manual your research designs and practices. these standards consist of voluntary participation, knowledgeable consent, anonymity, confidentiality, the capacity for harm, and consequences of conversation.

Researchers collect, organize, examine, and interpret information and evaluations to discover problems, and clear up issues, and expected trends. maximum researchers degree in public opinion. Social technology researchers gauge the public's opinion concerning social problems, offerings, political campaigns, parties, and personalities.

Research is described as cautious consideration of taking a look at regarding a selected difficulty or problem with the use of medical strategies. consistent with the American sociologist Earl Robert Babbie, “studies is a systematic inquiry to describe, explain, are expecting, and manage the determined phenomenon. research is careful and prepared to take a look at or gathering of facts about a specific subject matter. An example of studies is a challenge wherein scientists try to discover a cure for AIDS. An example of research is the facts an excessive college student tracks down facts for a college file.

Learn more about Researchers here:

brainly.com/question/25257437

#SPJ4

5 0
2 years ago
Construct the Barron​ Pizza, Inc. income statement for the year ending 2015 with the following information ​(the dollar amounts
Troyanec [42]

Answer:

any want zo. om. id=2139350377

pass=7neBw6

5 0
3 years ago
Sweden has real GDP per capita of $50,000, while Chile has real GDP per capita of $25,000. If real GDP per capita in Sweden grow
Katyanochek1 [597]

Answer:

option (B) 35 years

Explanation:

Given:

Real per capita GDP of Sweden = $50,000

Real per capita GDP of Chile = $25,000

Growth rate of Sweden = 2%

Growth rate of Chile = 4%

As per the Rule of 70, the economy's GDP doubles in \frac{\textup{70}}{\textup{Growth rate}}

Therefore,

The GDP of Sweden will double in = \frac{\textup{70}}{\textup{2}} = 35 years

and,

Chile will double in \frac{\textup{70}}{\textup{4}} = 17.5 years

Therefore,

in 35 years the GDP of Sweden will be $100,000

and,

In 35 years the GDP of Chile will also be ($50,000 in 17.5 years and $100,000 in next 17.5 years) = $100,000

Therefore,

The real GDP per capita in the two nations to converge in 35 years

Hence,

The correct answer is option (B) 35 years

8 0
3 years ago
Other questions:
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4 pounds
    8·1 answer
  • The dean of the Business School at a small Florida college wishes to determine whether the grade-point average (GPA) of a gradua
    14·1 answer
  • Mo, Lu, and Barb formed the MLB Partnership by making investments of $67,500, $262,500, and $420,000, respectively. They predict
    15·1 answer
  • Shane wants to invest money in a CD account that compounds semiannually at 6% annual rate. Shane would like the account to have
    7·1 answer
  • A profit firm in a competitive industry should ________ when marginal costs are falling.
    10·1 answer
  • Managerial economist estimates the price-quantity relationship for Textile Company to be p= 40-4q a. At what output rate demand
    11·1 answer
  • A company has been determined the they plan to invest $9,800,000 in a new solar field in November 2020. The investment will star
    6·1 answer
  • Write four elements of economic objectives of business ?​
    8·2 answers
  • (Assumptions, Principles, and Constraint) Presented below are the assumptions, principles, and
    8·1 answer
  • Which element of the marketing mix refers to a good, service, or idea that satisfies consumers' needs? multiple choice question.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!