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Sonbull [250]
2 years ago
13

A fee is paid a. for each overdraft. c. monthly to have overdraft. b. for the first overdraft. d. annually to have overdraft.

Business
1 answer:
larisa [96]2 years ago
3 0
B. for the first overdraft
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record the adjusting entry for recording the interest due on a note payable liability. assume that the company has a $2400 note
almond37 [142]

record the adjustment for interest due for one month's worth of interest

Interest=( 2400×5/100)×1/12

            = $10

In finance and economics, hobby is a price from a borrower or deposit-taking economic group to a lender or depositor of an amount above reimbursement of the major sum (that is, the quantity borrowed), at a specific price. It is awesome from a charge that the borrower may additionally pay the lender or some 1/3 party. It's also distinct from a dividend that is paid by a business enterprise to its shareholders (proprietors) from its earnings or reserve, however not at a specific fee decided in advance, rather on a seasoned-rata foundation as a percentage inside the praise gained by using threat-taking entrepreneurs while the revenue earned exceeds the overall expenses. For example, a consumer could normally pay interest to borrow from a financial institution, so they pay the financial institution an amount that is more than the amount they borrowed, or a customer can also earn hobby on their savings, and so they'll withdraw extra than they firstly deposited. In the case of savings, the patron is the lender, and the bank plays the position of the borrower.

Learn more about interest here

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7 0
1 year ago
chen is looking for information for a speech about starting your own business. what is the best example of a periodical chen mig
Nataly [62]

The best example of a periodical Chen might use as research is the act small sba.gov. Thus option B is correct.

<h3>What is Research?</h3>

Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.

In the given case, it is explained that Chen is looking for information for a speech about starting his own business. The information which is considered reliable is taken from a portal that is authentic is government portal.

A government portal provides accurate facts and information and helps an individual to understand trends in entrepreneurship.

Therefore, option B is appropriate.

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3 0
11 months ago
Read 2 more answers
Stockholders have residual claim on all assets after debt is paid and therefore have ____ risk than bondholders.
ddd [48]

Answer:

b) higher

Explanation:

As we know that the bondholders would be have more priority as compared with the shareholders either they have high risk as compared with the bond holders

So as per the given situation, in the case when the stockholder has the residual claim on all the assets after the payment of debt. This leads to high risk as compared with the bondholders

Therefore the correct option is B.

8 0
2 years ago
Sheldon and Morton formed a partnership with capital contributions of $80,000 and $40,000, respectively. Their partnership agree
Anastaziya [24]

Answer:

The answer is:

Sheldon: $39, 500;     Morton: $50, 500

Explanation:

A partnership is a binding agreement between two or more parties to carry on a business. The sole purpose of this agreement is to share skills and expertise so as to generate a profit. In a partnership, the partners have unlimited liability meaning that if the business established by the partners in unable to repay creditors, the creditors are legally allowed to seize the personal assets of the partners to cover the debts owing. However, in accounting for financial performance, the business is considered to be a separate entity (exists independent of the partners). Sheldon and Morton have established a profit-sharing arrangement that compensates Sheldon for the capital contribution (larger interest share) and Morton for his contributions to the business operations (larger salary share). The profit after these deductions is shared equally between the 2 partners. Assuming the given net income is after operations but before partner deductions, the share of the partners is calculated as follows:

                               Sheldon                           Morton

Interest                   $8,000                              $4,000

Salaries                  $10,000                             $25,000

Profit share            <u>$21, 500 </u>                           <u>$21, 500</u>

Total share            <u>$39, 500</u>                            <u>$50, 500</u>

Interest        (10% * $80, 000)                           (10% * $40, 000)

Profit share (50% * $43,000)                           (50% * $43,000)

Net Profit Share: $90, 000 - $(8,000 + 10,000 + 4,000 + 25,000)= $43,000

                     

8 0
3 years ago
Worker A is more effective than Worker B. Both workers become less effective as their workloads increase. Both workers are paid
sineoko [7]

Answer: False

Explanation:

Question mentions that even though Worker A and Worker B are both paid the same salary and become less effective as their workload increase, Worker A is still more effective than Worker B.

The optimal allocation therefore would be one where Worker A get more of the 200 units of production than Worker B because they would be able to produce more as they are more effective.

8 0
3 years ago
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