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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

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Read this selection from the opening of an application message, and then answer the corresponding question.
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Answer:

Be more specific with your skill-set for the job.

Explanation:

Most of the people like to describe briefly their skills, but they do it with no details. I mean, to get attention from the owner of the company, or the manager, you need to say, since the beginning, why are you the right person for the job, because everybody says they are good for it.

In addition to it, you should explain your experience for the job and your achievements as a professional in the field.

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GUYS PLEASE HELP ME WITH FINANCIAL PLAN FOR COMPANY OF CONFECTIONERY PRODUCTS BASED ON COFFEE!!!!! 1)Set the price of product an
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You are planning a coffee company, This would depend on an amount of customers, location of the company, and how you are going to distribute the product. It will also depend on the source of your products, and the economic and political standpoint of each individual country

1) The buying price should encompass many "thoughts":

  1. It must be small enough to give you a profit
  • The price of the product must not meet or exceed your selling price, for to continue to do business with them, you must be able to earn a profit.
  1. It must be large enough so that both the buyer and seller is happy
  • To keep both the buyer and seller happy, the buyer must be able to give a reasonable price that would ensure a continuation of the product, which means buying in a price that would allow the seller to pay for employees, cover businesses expenditures, etc.

This may place the price in a higher amount, so you must ensure that your product is high-quality to offset the price. For in the balance of price vs customer, the higher the price, the less customers (unless you are a monopoly (which you are not), or you have loyalty.)

2) To calculate the possible earnings, you must subtract the costs from the total revenue you have gotten (to find the profit).

The costs can include: shipment, supplies, electricity, upkeep of store(s), taxes (property, business, etc), royalty to coffee-company, ad-costs (if you decide to run them), etc.

For example, let us say that:

Total cost for:

  1. Shipment: $300 per shipment (10 shipments = 10 x 300 = $3000)
  2. Royalty: $1000
  3. Tax: $300
  4. Payment to sources: $0.10 a lb.
  5. Cost for 500 lbs. of coffee

500 x 0.10 = 50

3000 + 1000 + 300 + 50 = $4,350

This means that total cost for shipment of resources needed is $4,350.

Now, let us calculate the cost of the business itself:

For example:

Total cost for:

Building maintenance: $5,000

Pay for employees as a whole for 30 days: $6,000

Electricity, Gas, and other power source: $2,000

Total cost: 5000 + 6000 + 2000 = $13,000

Total cost for extra workers (repairs): $3,000

Tax as a whole: $16,000

16000 + 3000 = 19,000

This means that total cost is:

$13,000 + $19,000 + 4,350= $36350

---------------------------------------------------------------------------------------------------------

So we must calculate the amount needed to break even and make a profit.

Let us say that you want to make a $10000 profit.

Add $36350 with $10000, which equals $46,350

=>

After a month, you find that approximately 50,000 customers show up (returns are counted too) in total to your stores because they find that your products are good

Divide $46,350 with 50,000

46,350/50,000 = ~0.93

However, 93¢ is a weird number to sell coffee, and so we will round up to $1.00

This means that you sell each cup of coffee at $1.00

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3) The cost of production is <em>$36,350</em>, with the total revenue being a projected amount of <em>$46,350 - $50,000</em>

Subtract the range with the production

$46,350 - $36,350 = 10,000

$50,000 - $36,350 = 13650

The total profit is projected to be from $10,000 - 13,650

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=> Remember revenue & profit is usually poured back into the company, and so the amount is subject to change in a year to year process. Also, the percentage of loyalty & new customers may change as well. Political events around the world may affect sales. Overseas openings of shops may also have an effect on the company.

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~<em>Rise Above the Ordinary</em>

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Answer:

The correct answer is A

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So, the one way or the method through which the entrepreneurial firms could internationalize bystaying in the domestic markets, it is done through the harvest and the exit to sell off to the foreign entrants or new competitor.

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