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andriy [413]
3 years ago
8

On january 1, 2017, trinity company loaned $901,560 to litton industries in exchange for a 3 year, zero-interest-bearing note wi

th a face amount, $1,200,000. the prevailing rate of interest for a loan of this type is 10%. the adjusting journal entry made by litton at december 31, 2017 with regard to the note will include
Business
1 answer:
loris [4]3 years ago
4 0
A  credit to Discount on Notes Payable for $90,160.
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The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the
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Answer: 26.15

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Thus the degree of operating leverage of Gateway inn is calculated thus:

DOL = Cont Margin/Operating income

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DOL = 47/1.3

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8 0
4 years ago
An october sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. the desired ending inventory
vlabodo [156]
<span>October sales forecast projects = 7000
Sold price = $11.50
Desired ending inventory in units is 15 % higher tan the beginning inventory of 1000 units
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When we calculate the total October sale, it means we have to multiply the total units sold in October with the price per unit
Total October sales = 7000 x 11.50
= $80,500
So, total October sales are anticipated to be $80,500.</span>
3 0
3 years ago
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Green marketing initiatives are intended to improve an organization's positive impact on society and the natural environment.

 

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3 years ago
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