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topjm [15]
3 years ago
5

2. On December 1, a company accepted a $5,000, 4%, 90-day note. How much accrued interest will be recorded as an adjusting entry

on December 31, the end of the accounting period?
A. $166.67B. $16.67C. $1.67D. $0.00; interest is not accrued at year-end
Business
1 answer:
uysha [10]3 years ago
4 0

Answer:

B. $16.67

Explanation:

The computation of the accrued interest expense is shown below:

= Notes receivable or Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $5,000 × 4% × (30 days ÷ 360 days)

= $16.67

We assume there are 360 days in a year

And, the 30 days is calculated from December 1 to December 31

This is the answer and same is not mentioned in the given options

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A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. LDC Sal
Eva8 [605]

Answer:

The partial labor and capital productivity figures for the parent and subsidiary is 5.03 units per hour, 1.37 units per hour and, 1.68 units per hour, 4.20 units per hour

Explanation:

The computation of the partial labor for the parent and subsidiary is calculated by applying the formula which is shown below:

= Sales ÷  Labor (hours)

For U.S = 100,080 units ÷  19,880 hours = 5.03 units per hour

For LDC = 20,500 units ÷  14,880  hours = 1.37 units per hour

The computation of the capital productivity for the parent and subsidiary is calculated by applying the formula which is shown below:

= Sales ÷ Capital equipment (hours)

For U.S = 100,080 units ÷  59,400 hours = 1.68 units per hour

For LDC = 20,500 units ÷  4,880  hours = 4.20 units per hour

7 0
3 years ago
Which type of promotion do many people considered more credible because it is less biased
Oksana_A [137]
I think the correct answer from the choices listed above is the third option. The type of <span>promotion many people considered more credible because it is less biased is a press release. A press release is said to be unbiased and should contain all information from all angles or side of a situation. Hope this helps.
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6 0
3 years ago
Read 2 more answers
Match the legislation with the correct description.
jeka94
Equal pay act is obviously C
3 0
3 years ago
What information should a public company present about revenues from foreign operations?
nevsk [136]

Answer:

Disclose unaffiliated customers sales and also the intra-company sales between geographical areas.

Explanation:

Public companies are required to disclose the amount of sales to unaffiliated customers by geographical region. At the same time, they must also disclose the intra-company sales between geographical areas. It is to be noted that the above said requirements are to be reported separately.

4 0
3 years ago
Green Field county stadium is planning to conduct a cricket match between two teams A and B. A large crowd is expected in the st
ANTONII [103]

Answer:

Mode Name: BS-485 Half Duplex Mode 2 wires

Reason 1:  less Noisy

Reason 2:  Allows upto 32 receivers

Explanation:

The BS-485 is an electrical interface, that supports half-duplex mode through 2 wires, and full-duplex mode through four wires. However, here, we only need the half-duplex mode, and that is enough as the recordings are to be shown on the screen, which is the receivers, and they do not need to talk to the transmitter, while the transmitter is transmitting the recordings to the screen. And since, BS-485 supports around 32 receivers, its more than enough for this question requirement. So its half-duplex mode, and an example of the Serial data transmission. And also, it's synchronous, as there is no stop in between the data packets.

4 0
3 years ago
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