Why are they called apartments if they´re built together?

On May 1, 2020, Course Co. borrowed $16,000 and signed a three-year note bearing interest at 6% per annum. Interest is payable q

butalik [34]

The amount that Course Co. should report as a liability for accrued interest on its December 31, 2021 balance sheet is $240.

<h3>What is accrued interest?</h3>

Accrued interest is an accounting expression that shows a liability for interest payment has been incurred for a loan but the payment has not yet been made.

For Course Co., it incurs accrued interest of $240 every quarter for the three-year note payable. Usually, the accrued interest is paid at the beginning of the next quarter.

<h3>Data and Calculations:</h3>

3-year note payable = $16,000

Rate of interest = 6% per year

Date of loan = May 1, 2020

Interest payment = quarterly or 4 times annually

Interest per quarter = $240 ($16,000 x 6% x 1/4).

Thus, the accrued interest on Course Co.'s December 31, 2021 balance sheet is $240.

Learn more about accrued interest at brainly.com/question/1542335

5 0

2 years ago

Eastevan Company calculated its return on investment as 10 percent. Sales are now $300,000, and the amount of total operating as

galben [10]

Answer:

a) 18.75%

b) $ 149333.33

Explanation:

Given:

Return on investment = 10% = 0.1

Total sales = $ 300000

Total operating assets = $ 320000

Reduction in expenses = $ 28000

a) The return on investment is calculated as:

Return on investment = Net income/ operating assets

on substituting the values, we get

0.1 = Net income/ $ 320000

or

Net income = 0.1 × $ 320000

or

Net income = $ 32000

The reduction in expenses is the amount that has been gained i.e the net income will increase

thus, the net income = $ 32000 + $ 28000 = $ 60000

now,

the return on investment for the latest net income will be

Return = $ 60000/$320,000

or

Return = 18.75%

b) for the condition given in the second case

we have

Return = 18.75%

Net income = $ 32000

Return = Net income/ operating asset

or

18.75% = $32000/ operating asset

or

Operating asset = $32000/0.1875

or

Operating assets = $ 170666.67

Now, the decrease of the operating asset from the actual asset = $ 320000 - $ 170666.67 = $ 149333.33

Thus, the operating cost must decrease by $ 149333.33

3 0

4 years ago

Does the market system result in allocative efficiency? in the long run, perfect competition

Inga [223]

C.

Allocative efficiency in simple terms basically means there is no wastage, therefore if producers produce at price equals marginal coat, they are producing at the point where consumers are willing to pay that final price. Refer to the poorly drawn diagram for reference.

7 0

4 years ago

Blackwelder co. calls a meeting to announce to the media that it is hiring a new ceo and changing the company name to natural ba

Galina-37 [17]

<span>Blackwelder co. calls a meeting to announce to the media that it is hiring a new ceo and changing the company name to natural basics. the company will distribute additional materials at this meeting, which is called a press conference.

</span><span>A press conference is a meeting organized for the purposes of distributing information to the media and answering questions from reporters.</span>

5 0

3 years ago

A firm that is first to the market with a new product frequently discovers that there are design flaws or problems with the prod

Leviafan [203]

Answer: The sales and image of the innovating firm might decline in the market.

Explanation: As only the innovating firm will have the option to sell the product in the market, customers will judge the whole firm on the basis of that product, the overall research done by the innovating firm will result in loss of money and time. On the other hand other firms can use the research done by the innovating firm and can analyze the problem that sustains in the model and just by correcting the flaws detected they will be able to capture a substantial amount of market share in a very small span of time.

4 0

4 years ago