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lorasvet [3.4K]
3 years ago
15

On June 1, Year 1, Yola Corp. lent Dale $500,000 on a 12% note, payable in five annual installments of $100,000 beginning Januar

y 2, Year 2. In connection with this loan, Dale was required to deposit $5,000 in a noninterest-bearing escrow account. The amount held in escrow is to be returned to Dale after all principal and interest payments have been made. Interest on the note is payable on the first day of each month beginning July 1, Year 1. Dale made timely payments through November 1, Year 1. On January 2, Year 2, Yola received payment of the first principal installment plus all interest due. At December 31, Year 1, Yola’s interest receivable on the loan to Dale is ________.
Business
2 answers:
sweet [91]3 years ago
8 0

Answer:

C) $10,000

Explanation:

The last interest payment was made on November 1, so by December 31, two months worth of interest is considered receivable.

Interest receivable = principal x interest rate x time periods = $500,000 x 12% x (2/12) = $10,000

By December 31, no principal payments had been done yet.

Mariulka [41]3 years ago
8 0

Answer:

Options Include:

A. $0

B. $5,000

<em>C. $10,000  is Correct</em>

D. $15,000

Explanation:

Since the last interest payments were paid on November 1, the November and December interest is not paid as of December 31, 2005.

<em>As of December 31, 2005, a gross receivable of $10,000= (2/12)(12 per cent)($500,000) is therefore receivable for two months of interest. </em>

As of this date no principal payments have been made.

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A transnational organization is one where:
yKpoI14uk [10]

Answer:

B. the global viewpoint supersedes national issues

Explanation:

A transnational organization is one that acts in a manner that is beyond the confines of a national state.

An organization may have its headquarters in a country while it's sales are generated in many countries across the globe.

Such an entity will act within the laws and regulation of the countries where the presence of its product is felt however major contributions about the product are not limited to just one country or state.

This defines a transnational organization. A good example is coca-cola.

The right option is B. the global viewpoint supersedes national issues.

5 0
4 years ago
When a company strives to achieve lower overall costs than rivals and appeals to a broad spectrum of customers, it pursues Multi
dybincka [34]

Answer:

an overall low-cost provider strategy.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

A overall low-cost provider strategy is a strategic business model that's typically focused on a broad customer base (segment) while still making profit by providing low-cost goods and services to the customers, as well as underpricing rivals in the same industry.

This ultimately implies that, it is a business strategy that involves lowering the price of goods and services in order to stimulate demand, generate more revenue, draw more customers and gain a competitive advantage over competitors or rivals in the same industry.

Hence, when a company strives to achieve lower overall costs than its rivals in the same industry and appeals to a broad spectrum of customers, it is considered to pursue an overall low-cost provider strategy.

6 0
3 years ago
Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the mo
grandymaker [24]

Answer:

The predetermined overhead rate is 29.81 per machine hour

Explanation:

Fixed predetermine overhead rate = Estimated fixed manufacturing overhead / Estimated machine hour

Fixed predetermine overhead rate = $944,762 / 40,600

Fixed predetermine overhead rate = $23.27 per machine hour

Total predetermine overhead rate = Fixed predetermine overhead rate + Estimated variable manufacturing overhead

= $23.27 + $6.54

= 29.81 per machine hour

8 0
3 years ago
In January 2021 Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $66,000 were paid to acquire
timama [110]

Answer:

$218,200

Explanation:

The computation of amount charged to income (expense and loss) is shown below:-

Total cost of the patent = $200,000 + $66,000

= $266,000

Amortization expense for 3 years = $266,000 ÷ 10 × 3

= $79,800

Net Patent cost = Total cost of the patent - Amortization expense

= $266,000 - $79,800

= $186,200

The amount charged to income (expense and loss) in 2024 related to the patent = Net Patent cost + Legal fees

= $186,200 + $32,000

= $218,200

8 0
3 years ago
__________ entails job posting, which means placing information about job vacancies and qualifications in places where employees
romanna [79]

Answer: Internal recruiting

Explanation:

Internal Recruitmentis the process of identifying and attracting the employees in an organization to another position in the same organization. Rather than opening the position to the general public and attracting candidates who are working in other organizations or currently unemployed, the organization may choose to advertise the job vacancy internally and allow only its employees to apply for it.

Internal recruiting can be in the form of promotions or transfers to another department in the organization.

7 0
3 years ago
Read 2 more answers
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