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
inna [77]
3 years ago
12

The Pita Pit borrowed $100,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest

are payable in full at maturity on May 1, 2022. In connection with this note, The Pita Pit should report interest expense in 2022 for the amount of ________.
Business
1 answer:
Daniel [21]3 years ago
4 0

Answer:

$4,000

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest × number of months ÷ (total number of months in a year)  

= $100,000 × 12% × ( 4 months ÷ 12 months)  

= $4,000

The four months is taken from Jan 2022 to May 2022

We simply applied the simple interest formula to determine the interest expense and the same is shown above

You might be interested in
A ________ is a formal document that states the goals of the business as well as the intended process for reaching those goals.
Digiron [165]
A business plan is a formal document that states the goals of the business as well as the intended process for reaching those goals. This provides a market analysis. This basically provides the investors an idea of how the company will make use of its money and conduct business.
3 0
4 years ago
If decision making is pushed down to lower level employees, and these employees feel empowered to make decisions on their own, a
IRISSAK [1]
If the decision making forced to minor level employees, and these employees feel legitimized to make decisions on their own, an organization has a decentralized structure. Decentralized is a type of organizational structure in which regularly application and decision-making.
6 0
3 years ago
The purpose of a Chamber of Commerce is to foster a healthy business climate for all of the businesses in the community. Develop
forsale [732]

Answer:  

Guidelines to consider include:

1. Planning

2. Deciding which social media platform is best for your business.

3. Knowing your audience

4. Expanding  audience

5. Building relationships

6. Focusing on quality over quantity

7. Using the right tools

Explanation:

Social media is one of the ways to connect with a large number of individuals to boost business and sales.

Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.

Secondly, The local business should decide which social media platform is best for them.

Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.

Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.

It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.

Finally, the organization should take advantage of tools to simplify work and boost productivity.

4 0
3 years ago
The study of economics focuses most on...
-Dominant- [34]
A, all of above because they are all the study of economics
5 0
3 years ago
If the investment accelerator from an increase in government purchases is larger than the crowding-out effect, then
Ymorist [56]
<span>If the investment accelerator from an increase in government purchases is larger than the crowding out effect, then the multiplier is probably greater than one. The crowding out effect within economics is defined as a theory that when public sector spending rises, it can drive down or eliminate private sector </span>spending. Public sector spending is government spending whereas private sector spending is for-profit businesses that aren't owned or operated by the government. 
6 0
3 years ago
Other questions:
  • If congress and the president decide an expansionary fiscal policy is​ necessary, what changes should they make in government sp
    14·1 answer
  • A university that focuses its advertising on offering a sound curriculum with consistent course offerings, extensive placement s
    14·1 answer
  • Suppose a new recreational neighborhood park would cost​ $20,000, including opportunity​ costs, to construct and maintain. if​ b
    6·1 answer
  • Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to
    12·1 answer
  • From this cartoon you can infer that the cartoonist:______. A) believes that England and Japan will soon be at war. B) opposes U
    8·1 answer
  • Tapestry Corporation will spend $1 million for special production equipment. Shipping and installation charges will amount to $1
    12·1 answer
  • Chris owns his own business restoring antique cars. Last year, he restored 24 cars, which he sold for $1,100,000. The parts and
    11·1 answer
  • Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident
    14·1 answer
  • The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the
    6·1 answer
  • Which of the following is likely to happen when a new business opens in a community?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!