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Nat2105 [25]
3 years ago
10

On January 1, 2020, Ann Price loaned $154440 to Joe Kiger. A zero-interest-bearing note (face amount, $200000) was exchanged sol

ely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 9%. The present value of $200000 at 9% for three years is $154440. What amount of interest income should Ms. Price recognize in 2020
Business
1 answer:
Leokris [45]3 years ago
7 0

Answer:

$13,899.60

Explanation:

The amount of interest income that Ms. Ann Price should recognize in year 2020,the year the loan was given to Joe Kiger is the amount of the loan given out multiplied by the prevailing interest on similar loan which is shown below:

interest income in the year 2020=$154,440*9%=$13,899.60

The amount computed is the interest amortized for the year.

By multiplying the prevailing interest rate by outstanding loan amount each ,at  end of the third year the loan amount would be $200,000 as shown below:

future value=$154,440*(1+9%)^3=$ 200,004.28   approximately $200,00

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Verizon [17]

Answer:

Domestic stage

Explanation:

According to my research on stages of international development., I can say that based on the information provided within the question it seems that Silver Lining is in the Domestic stage. This is the first stage in this process and  is usually done to test products and adjust strategies and potential performance before actually diving into a market in international trade. This is the stage that Silver Lining is at since they have not entered a market but are investigating the the global environment of that market.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Answer the following questions about prepaid​ expenses:
pochemuha

Answer:

the numbers are missing, so I looked for a similar question:

a. On ​1, Tree Service prepaid $7,200 for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year.

Dr Rent expense 1,200 (= $7,200 / 6)

    Cr Prepaid rent 1,200

Balances:

Prepaid rent 6,000

Rent expense 1,200

b. On ​1, Tree Service paid $1,050 for supplies. At ​31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.

Dr Supplies expense 650 (= $1,050 - $400)

    Cr Supplies 650

Balances:

Supplies 400

Supplies expense 650

c. On ​1, Tree Service prepaid for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.

SAME AS QUESTION A

6 0
4 years ago
You have recently been hired as the operations manager by a small, but growing distributor for industrial products. After your f
Tamiku [17]

Answer:

An important issue to address because the new ratio suggests the product sales of these strategically important products has slowed significantly.

Explanation:

Since in the question it is mentioned that the inventory turnover ratio would be decreased from 6 to 2 so here this means that the new ratio would be significant for that products who has fall significantly as there is a more inventory as compared with the sales of the company

Also the inventory turnover ratio represents the problem that show the fall in the sales & overstocking

6 0
3 years ago
A 2016 aspen institute study shows participation in most youth sports has steadily declined since 2008, based on our lecture and
mezya [45]

A 2016 Aspen Institute study shows participation in most youth sports has steadily declined since 2008, based on our lecture and the reading, the most likely reason is family income not being able to keep pace with the cost of participation.

<h3>Why is it important for the youth to be involved in community action?</h3>

Community participation helps youth become empathetic citizens who could potentially continue similar work when they become adults. Additionally, youth who give back to their communities develop leadership skills, learn the importance of helping, and gain work experience.

Youth participation activities are non-formal learning activities revolving around the active participation of young people. Such activities aim to enable young people to experience exchanges, cooperation, and cultural and civic action.

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4 0
2 years ago
Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board,
slavikrds [6]

Consider Frank’s decision to go to college. Frank’s cost of going to college is $42,600.

What is the cost?

The term cost refers to the actual money are spend on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are add to identify the cost.

Frank was spend on money to $21,000 on tuition, $11,000 on room and board,  $1,800 on books, 8800 to add the cost. The calculation was ($21,000 + $11,000 + $1,800 +  $8800 ($16,000—$7,200) = 42,600. Frank’s cost of going to college is $42,600.

As a result, Frank’s cost of going to college is $42,600.

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