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TiliK225 [7]
4 years ago
9

On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem

ber 31 will be:
Business
1 answer:
schepotkina [342]4 years ago
7 0

Answer:

$210

Explanation:

Calculation for what the amount of interest to be accrued on December 31 will be

Using this formula

Accrued interest =Amount lent×Promissory note percentage

Let plug in the formula

Accrued interest=$3,500×6%

Accrued interest=$210

Therefore the amount of interest to be accrued on December 31 will be $210

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gavmur [86]

Answer:

sup

Explanation:

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3 0
3 years ago
Gross domestic product tracks economic growth by measuring all goods and services
Ilia_Sergeevich [38]

Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.

<h3>What is Gross domestic product?</h3>

Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.

Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.

Therefore, correct option is B.

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7 0
2 years ago
The main difference between activity -based costing and traditional costing systems is that activity -based costing uses a separ
Yuki888 [10]

Answer:

True

Explanation:

True

in activity based costing system the cost for each activity is assigned on the basis of past consumption by each activity. Therefore cost on each activity of product and service is induced. As a result of which more overhead cost need to assigned over direct cost.

However in the traditional style of costing the main concern is on profit.  It is less accurate and but simple than activity base costing system.

4 0
4 years ago
The way an organization’s structure works depends on the organizing choices managers make about what three (3) issues?
sp2606 [1]
- How to group task into individual jobs
- How to group jobs into functions and divisions
- How to allocate authority and coordinate or integrate functions and divisions.
8 0
4 years ago
Novak Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $
vagabundo [1.1K]

Answer: $742910

Explanation:

The weighted average combines interest rates into a single interest rate which yields a combined cost which is about thesame as cost of the original separate loans.

The weighted-average interest rate for interest capitalization purposes for the company above is calculated in the attachment below.

3 0
3 years ago
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