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
Sauron [17]
4 years ago
12

Rosewood Company made a loan of $8,600 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate

of interest. The amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively, would be:
Business
1 answer:
tatuchka [14]4 years ago
6 0

Answer:

Year 1 = $387

Year 2 = $516

Explanation:

Loan has been granted on 1 April in Year 1 i.e. for a period from 1 April to 31 December = 9 months.

Interest for year 1 @6% = $8,600 X \frac{6}{100} X\frac{9}{12}

= $387

Interest for year 2 will be from 1 January to 31 December =

$8,600 X \frac{6}{100} X \frac{12}{12} = $516

Therefore interest revenue to be reported by Rosewood Company will be as follows

Year 1 = $387

Year 2 = $516

You might be interested in
The process by which a domestic company sells its already sold on its donestic exchange on a foreign stock exchange is called​
sleet_krkn [62]

Answer:

The process by which a domestic company sells its already sold on its donestic exchange on a foreign stock exchange is called

Explanation:

the answer is letter D. cross-listing

8 0
3 years ago
Hanson Aquatics manufactures navigational equipment. As a new Hanson employee, Lyndon Kiely was told that even if he decides not
nataly862011 [7]

If he must pay the dues. Hanson has a(n) <u>agency </u>shop.

<h3>What is agency shop?</h3>

An agency shop  can be defined as a shop in which the employer may decide to recruit a person that is member of the union or a person that is not part of the union.

In this agency shop it is not mandatory for an employee which not member of the union to join the union but the employee must always pay the dues.


Therefore  Hanson has a(n) <u>agency </u>shop.

Learn more about agency shop here:brainly.com/question/1285850

#SPJ1

7 0
2 years ago
Suppose that consumers' incomes increased, such that more video games were demanded at each price level. After the increase in d
PSYCHO15rus [73]

Answer:

After the increase in demand, the new equilibrium price is <u>$160</u>, where both supply and demand equal <u>300</u>.

Explanation:

When the income level of customers increases, the demand curve shifts to the right, increasing the quantity demanded at every price level.

If the quantity demanded for a good increases as its customers' income increases, it is called a normal good.

In this case, the previous equilibrium quantity was 200 units and the equilibrium price was $50. Since the demand curve shifted to the right, both the quantity demanded increased from 200 units to 300, and the equilibrium price increased from $50 to $160.

8 0
3 years ago
IKEA sells a portable workbench called the FARTFULL. The product has many positive features, and in German or Swedish markets, t
USPshnik [31]

Answer:

the answer is D. language and cultural differences.

Explanation:

5 0
3 years ago
Suppose an increase in demand in the market for mutual funds (a financial capital market) causes the interest rate to increase f
Cerrena [4.2K]

With the increase in the demand of the mutual funds, the quantity supplied of the mutual funds will also increase because of the increase in the rate of interest.

<u>Explanation:</u>

All in all, when the rate of interest is rising, it normally makes shared assets, and different ventures, less appealing. This is on the grounds that the expense of acquiring increments with an expansion in loan fee and people and organizations has less cash to place in their portfolio.

As a result of this increase in the cost of borrowing, the quantity supplied of the mutual funds increases in the market, thus increasing the supply in the financial market.

5 0
3 years ago
Other questions:
  • "Steele Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. Steele Co
    8·1 answer
  • The relationship between the interactive communication capabilities of the internet and customization is that
    11·1 answer
  • Given the following data: Return on investment 35% Turnover 2.8 Margin 10% Sales $280,000 Average operating assets $80,000 Minim
    7·1 answer
  • Kareem owns a pickup truck that he uses exclusively in his business. The adjusted basis is $22,000, and the fair market value is
    11·1 answer
  • What are some tasks commonly performed in Environmental Service Systems jobs? Check all that apply. inspecting facilities measur
    14·2 answers
  • The Supplies account had a balance at the beginning of year 3 of $8900 (before the reversing entry). Payments for purchases of s
    11·1 answer
  • On January 1, 2010, Dragon Company paid cash to purchase an automobile. The car dealer gave Dragon a $1,000 cash discount off th
    15·1 answer
  • Swifty Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetica
    15·1 answer
  • What is the best brand of pillar candles?
    12·1 answer
  • Michael's, Inc., just paid $2.60 to its shareholders as the annual dividend. Simultaneously, the company announced that future d
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!