The amount of interest that jasper will collect on the loan is $682.50.
Interest = 39000*7%*90/360 = $ 682.50
ENTRY:
Cash $ 30,682.50
Interest revenue $ 682.50
Notes receivable $ 30,000.00
ANSWER:
Debit Cash $39,682.50: Credit interest revenue $682.50; Credit Notes Receivable $39,000.
Interest is the price you pay for borrowing money or the cost you charge for lending money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest.
Basically, he has three main types of interest. The nominal interest rate, the effective interest rate, and the real interest rate. The nominal interest rate for an investment or loan is the published interest rate at which interest payments are calculated.
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Answer:
$10,000 unfavorable
Explanation:
The computation of the total variable overhead variance is shown below:
Total variable overhead variance is
= (Actual variable overhead cost - (manufactured units × standard variable overhead rate × required standard direct labor hours))
= ($40,000 - (2,500 units × $4 × 3)]
= $40,000 - $30,000
= $10,000 unfavorable
Since actual cost is more than the standard cost so it would be unfavorable variance
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To obtain (goods or a service) from an outside or foreign supplier.
Answer:
Expected rate of return will be 13.6 %
Explanation:
We have given risk free return = 4 %
Risk premium is 4% and relative to this risk premium is 0.6
And then risk premium is changes to 6 % and relative to it is 1.2
We have to find the expected return on this stock '
So expected return = risk free rate +
So expected return = 4+(0.6×4) +( 1.2×6) = 4+2.4+7.2 = 13.6 %