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
Annette [7]
2 years ago
11

On November 1, 2018, New Morning Bakery signed a $195,000, 6%, six-month note payable with the amount borrowed plus accrued inte

rest due six months later on May 1, 2019. New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2018. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2019? (Do not round your intermediate calculations.)
Business
1 answer:
Blizzard [7]2 years ago
5 0

Answer:

total cash pay is $200850

Explanation:

given data

Bakery signed P = $195000

rate R = 6 %

time T = 6 month

to find out

cash amount will be needed to pay back with interest

solution

we find first interest for 6 month that is 6/12 year

so interest = P×R×T

interest = 195000×0.06×6/12

interest = $5850

so total amount pay = Principal  + Interest

total amount pay =195000  + 5850

total cash pay = $200850

You might be interested in
Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru? product mark
pogonyaev

The type of market is the one in which a person buys stock in type fast food company is Financial market.

What is Financial market?

Any location or system that gives buyers and sellers thew ability to trade financial assets such as bonds, shares, the various international currencies, and derivatives , is referred to as a financial market.

Why is financial market important?

  • Markets provide finance for companies so they can hire, invest and grow.
  • They provide money for the government to help it pay for new roads, schools and hospitals.
  • They can help lower the costs you face buying food at the super market, taking out a mortgage or saving for your retirement.

Learn more about financial market here:

brainly.com/question/19733618

#SPJ4

4 0
1 year ago
A publisher faces the following demand schedule for the next novel from one of its popular authors:
enyata [817]

Answer and Explanation:

The completion of the second, fourth, and fifth columns of the given table is to be shown in the attachment below:

As we know that

Profit = Total revenue - total cost

Total revenue is the revenue earned by the company by multiplying the price with the quantity demanded

While the total cost is

= Fixed cost + variable cost

The marginal revenue comes from

= Change in total revenue ÷ change in quantity

We simply use these formulas in the spreadsheet below.

4 0
2 years ago
Dawn's credit card has an APR of 15%, calculated on the previous monthly
vladimir1956 [14]

Explanation:

It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.

4 0
2 years ago
You own 230 shares of stock in Green Mild Chili Peppers, Inc., that currently sell for $50.70 per share. The company has announc
Arturiano [62]

Answer:

This equals $12,256.70 (230 x $50.70 + 230 x $2.59)

Explanation:

The value of the portfolio on May 3 is the sum of the market value of the shares plus the sum of the returns in form of dividends to be received.

This value adds the weight of the investment obtained by multiplying the total shares held with its market price to the expected dividend returns on the given date.

6 0
3 years ago
Read 2 more answers
Why isn't marketing given a place of importance in the organizational hierarchy?
Tpy6a [65]

Answer:It is true that in many organization marketing does not have a place of importance in the organizational hierarchy as spending on marking cuts on their profit making. These firms need no marketing strategies as they are on regional or street or local level. Theses are small business. The customer base of these firms is near by public. These firms don’t work to reach far away customers

Explanation:

4 0
2 years ago
Other questions:
  • Hank earns per hour with timeandahalf for hours in excess of per week. He worked hours at his job during the first week of March
    12·1 answer
  • When using the ice point method for calibrating thermometers you’ll need to place the thermometer in the ice water and adjust th
    15·1 answer
  • Company C is identical to Company D in every respect except that Company C uses LIFO and Company D uses average costs. In an ext
    12·1 answer
  • Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastical
    5·1 answer
  • What is an advantage of permanent life insurance policy
    15·1 answer
  • On January 2, 2017, Coronado Corporation issued 31000 shares of 5% cumulative preferred stock at $100 par value. On December 31,
    6·1 answer
  • Karen learns from a coworker at her pharmaceutical company that one of the firm's most profitable drugs will be pulled off the m
    15·2 answers
  • A $1,000 six-year bond has an 8 percent coupon, is selling at par, and contracts to make annual payments of interest. The durati
    10·1 answer
  • Who is Kavin Mitnick?​
    14·1 answer
  • At present, the gap between those employees who say they want unions and those that have union representation in the private sec
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!