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dimaraw [331]
4 years ago
15

A $ 45 comma 000​, threeminus​month, 12​% note payable was issued on December​ 1, 2018. What is the amount of accrued interest o

n December​ 31, 2018?​ (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)
Business
1 answer:
Butoxors [25]4 years ago
8 0

Answer:

The correct answer is $312.5.

Explanation:

According to the scenario, the computation of the given data are as follows:

The interest amount after one month of issue considered as accrued interest.

So, Face value = $45,000

interest rate = 12%

Period = 1 month

So, we can calculate the accrued interest by using following formula:

Accrued interest amount = ( FV × rate) ÷ 12

= ($45,000 × 12% ) ÷ 12

= $312.5

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Sophie Black works as a computer programmer for a software company. Her boss, Mike Jones, is responsible for developing a new so
sveticcg [70]

Answer:

Sophie is a little hesitant and unsure about accepting the game because legally it would be considered _________. B. Pirated software

Explanation:

A term used to describe the act of illegally using, copying or distributing software without ownership or legal rights.

A software pirate is someone who is engaged in software piracy. Software piracy is the general principle of unauthorized use or access of software products and services.

6 0
3 years ago
Vernon runs Buzz, his own event management company, which frequently organizes large corporate events. He has built a good reput
Artist 52 [7]

Answer:

small business

Explanation:

According to my research on the different types of companies, I can say that based on the information provided within the question Vernon's company can be categorized as a small business. A small business refers to any company that is independently owned and has only a small number of employees and resources in comparison with the industry that it is currently in. Since Vernon business is run from his house and he only has 55 employees, he would be classified as a small business.

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

8 0
3 years ago
$444,567 Revenue, $400,500 Expenses. Net Profit?
chubhunter [2.5K]

Answer:

44,067

Explanation:

4 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2014 has been selected as the base year. In 20
Nina [5.8K]

Answer:Consumer Price Index (CPI) 2016 = 111.54

Explanation:

consumer price index is a measure of price change over a period of time in other words consumer price index is a measure of inflation. A number of good are selected and their prices are monitored each year in order to measured against the base year prices in order to determine  changes in the general price level.

The goods selected represent the spending patterns of the an average consumer in that economy or country. When the price of these goods rise over time when compared to the Basket Cost of the base year we can assume that there is a rise in the general price level

Base year = 2014

Basket's cost 2014= $52

Base cost 2016 = $58

Consumer Price index (CPI) 2016 = Basket costs 2016/base year Basket cost 2014.

Consumer Price index (CPI) 2016 = 58/52 = 1.115384615 x 100

Consumer Price Index (CPI) 2016 = 111.5384615

Consumer Price Index (CPI) 2016 = 111.54

5 0
3 years ago
Chicken Can has net sales revenue of $1,420,000, cost of goods sold of $761,700, and all other expenses of $307,000. The beginni
kotykmax [81]

Answer:

The fixed asset turnover ratio is closest to 3.62.

Explanation:

The fixed asset turnover ratio can be calculated using the following formula:

Fixed asset turnover ratio = Net sales revenue / Average fixed assets …….. (1)

Where:

Net sales revenue = $1,420,000

Average fixed assets = (Beginning balance of fixed assets + Ending balance of fixed assets) / 2 = ($378,000 + $406,000) / 2 = $392,000

Substituting the values into equation (1), we have:

Fixed asset turnover ratio = $1,420,000 / $392,000 = 3.62

Therefore, the fixed asset turnover ratio is closest to 3.62.

8 0
3 years ago
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