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bulgar [2K]
3 years ago
5

On February 1st, H&B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $

300 was received. Which of the following best describes when interest revenue should be recognized?a. At a point in time (February 1stb. At a point in time (March 15th)c. At a point in time (March 31st)d. Over time
Business
1 answer:
irina [24]3 years ago
6 0

Answer:

d. Over time

Explanation:

The interest revenue will be recognize over time, regardless of the payment

If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.

We will recognize over time.

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my company states integrity as a core commitment on its website. i see fraud occurring often in my division of the company. whic
zlopas [31]

The archetype describes this company: <u>A. gap between espoused values and behaviors.</u>

<u />

A company is a prison entity shaped by using a group of individuals to interact in and perform an enterprise—business or commercial—organization. An enterprise can be organized in diverse approaches for tax and financial liability purposes relying on the corporate law of its jurisdiction.

There are 3 commonplace kinds of corporations—sole proprietorship, partnership, and organization—and each comes with its very own set of benefits and downsides. In easy terms, the reason for an enterprise is to have a significant imagination and prescient after which to be worthwhile in accomplishing it. And we should qualify “profitable”: profitability means long-time period sustainable returns, and each word in that phrase is vital.

Learn more about company here:

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7 0
1 year ago
Retained earnings balance at the beginning of the year $ 135,000 Cash dividends declared for the year 55,000 Proceeds from the s
olganol [36]

Answer:

$51,200 was the cash dividends paid

Explanation:

Cash dividends paid=opening cash dividends payable +cash dividends declared-closing cash dividends payable

opening cash dividends payable is $27,000

cash dividends declared is $55,000

closing cash dividends payable is $30,800

cash dividends paid =$27,000+$55,000-$30,800=$51,200

The amount of cash transfers made in respect of shareholders dividends in the year is $51,200.

The logic is that the whatever is left unpaid at year end should be deducted from the balance owed year plus the new dividends declared this year

5 0
3 years ago
Comment les marchés imparfaitement concurrentiels fonctionnent-ils?
Evgen [1.6K]

Answer:

Dans un environnement de concurrence imparfaite, les entreprises vendent différents produits et services, fixent leurs propres prix, se battent pour des parts de marché et sont souvent protégées par des barrières à l'entrée et à la sortie, ce qui rend plus difficile pour les nouvelles entreprises de les concurrencer.

Explanation:

3 0
2 years ago
You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist
disa [49]
Answer
False

Explanation
You are still giving her the 25% not him
7 0
2 years ago
Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld? federal
andre [41]

Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.

<h3>What is gross pay?</h3>

The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.

The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.

The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.

Therefore the amount by which the gross pay will be reduced is:

\begin{aligned} \rm Federal\: tax &= \$92\\\\\rm Social\: security\: tax (\$816\times 6.2\%) &= \$50.592\\\\\rm Medicare\:tax (\$816\times 1.45\%) &= \$11.832\\\\\rm \end

The state tax is calculated as a percentage of federal tax. The state tax is:

\rm State \:tax (\$92\times 22\%) &= \$20.24\\

Therefore the total amount of reduction is:

\rm Total\:amount\:of\:reduction = \$92 + \$\$50.592 + \$11.832 +\$20.24\\\\\rm Total\:amount\:of\:reduction = \$174.664

Hence, the correct option is d.

Learn more about gross pay here:

brainly.com/question/8067656

6 0
2 years ago
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