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
meriva
3 years ago
9

Abardeen Corporation borrowed $90,000 from the bank on October 1, 2016. The note had an 8 percent annual rate of interest and ma

tured on March 31, 2017. Interest and principal were paid in cash on the maturity date.
A.What amount of cash did Abardeen pay for interest in 2016?
B. What amount of interest expense was recognized on the 2016 income statement?
C.What amount of total liabilities was reported on the December 31, 2016, balance sheet?
D.What total amount of cash was paid to the bank on March 31, 2017, for principal and interest?
E.What amount of interest expense was reported on the 2017 income statement?
Business
1 answer:
djyliett [7]3 years ago
3 0

Answer:

A) $0, no cash paid in 2016, both interest and principal were paid on March 31, 2017.

B) = [($90,000 x 8%) / 12] x 3 months = ($7,200 / 12) x 3 = $600 x 3 = $1,800

C) = $90,000 + $1,800 = $91,800

D) = ($600 x 6 months) + $90,000 = $3,600 + $90,000 = $93,600

E) = $600 x 3 months = $1,800

You might be interested in
An income level below that which is needed to support families or households
julia-pushkina [17]
It is called Poverty threshold. The poverty thresholds are the first form of the government neediness measure. They are refreshed every year by the Census Bureau. The limits are utilized fundamentally for measurable purposes — for example, getting ready evaluations of the quantity of Americans in destitution every year.
7 0
3 years ago
Simply stated, the manner in which you and other employees treat your customers and each other as you deliver your company's pro
shepuryov [24]

Answer:

Customer service

Explanation:

Customer service is simply the act of meeting a customer's needs. This involves providing professional, informative, pre-service and post-service opportunities among other things to ensure that the customer is satisfied and also ensuring the employees are delivering company products and other things to the public.

Cheers.  

4 0
3 years ago
Kahle Company has two support departments: Purchasing and Payroll. The Purchasing Department expense is $500,000 to process 50,0
allsm [11]

Answer: $15600

Explanation:

To calculate the amount of the Payroll Department's cost that is allocated to the Assembly Department goes thus:

First we need to calculate the allocation rate which will be:

= $300,000/25,000

= $12.

Then, the departmental cost will be:

= Payroll checks × Allocation rate

= 1,300 × $12

= $15,600.

Therefore, the amount of the Payroll Department's cost that is allocated to the Assembly Department is $15600.

3 0
3 years ago
If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, then the average
maria [59]

Answer:

the average product of 12 workers is 5

Explanation:

The computation of the average product of 12 workers is shown below:

= (Number of units of a product in the case of 11th workers + marginal product of units in 12th worker) ÷ number of workers

= (54 + 6) ÷ 12

= 5

Hence, the average product of 12 workers is 5

The same is to be considered

3 0
3 years ago
Having internet, catalog, and store offerings makes staples a(n) multiple choice full-line discount store. omnichannel retailer.
Eduardwww [97]

The correct answer is supercenter. Staples Inc. is an American retail company and is a supercenter.

With its corporate headquarters in Framingham, Massachusetts, Staples Inc. is an American retailer that provides goods and services that assist both learning and working. Over 1,000 Staples locations will offer same-day passport photo services in 2022, and a few will also offer TSA PreCheck enrollment.

Leo Kahn, Thomas G. Stemberg, and Myra Hart created Staples. In 1985, as Stemberg was preparing a proposal for a different company, he had the concept for Staples. He needed a ribbon for his printer but couldn't get one because his neighborhood store was closed for the Fourth of July. Because of his experience in the food industry and his aggravation with the need to rely on small shops for essential supplies, Stemberg had the idea for an office supply superstore.

Learn more about Staples here:

brainly.com/question/13988374

#SPJ4

8 0
1 year ago
Other questions:
  • How many total absences can you have in school?
    15·2 answers
  • You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $38,000, $42,000, $86,000,
    15·1 answer
  • In 2010, $1.00 U.S. bought 8.24 Chinese yuan and in 2012 it bought 6.64 Chinese yuan. How many U.S. dollars could 1 Chinese yuan
    8·1 answer
  • Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an estimated useful life of 1
    13·1 answer
  • 37. Wal-Mart surveys its employees annually as part of its "Grass Roots" program. The survey is designed to assess employees’ pe
    6·1 answer
  • Members of the Book Promoters Association of Canada recently questioned what could be done to rejuvenate the Canadian book publi
    5·2 answers
  • Conducting a thorough assessment to document what sensitive information an organization is collecting, where it is stored, how l
    13·2 answers
  • The federal unemployment tax is levied on a.employers and is deducted from employees' earnings. b.employees and employers. c.emp
    5·1 answer
  • Is it ethical for them to take credit for supporting a charity if they are donating just pennies of each purchase?
    8·1 answer
  • Suppose there is a drastic decrease in excise taxes levied against the suppliers of baseball equipment. What can we expect to se
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!