Answer:
17%
Explanation:
If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%
The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.
Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.
Answer:
Lower
Explanation:
If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.
Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.
When there is a raise in aggregate demand = higher output + higher price level
On the Phillips curve, more GDP simply means less unemployment and higher price level.
Stay with the stay with the person till the paramedic unit arrives. Stop any external bleeding with tea towels or a shirt or whatever.
Based on the information given the appropriate journal entry to record the redemption of the bonds is:
Casey Company Journal entry
June 30, 2021
Debit Bonds payable $500,000
Debit Premium on bonds payable $8,000
($508,000-$500.000)
Credit Gain on bond redemption $28,000
($508,000 - $480,000)
Credit Cash $480,000
($500,000 x 96%)
(To record redemption of the bonds)
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I would go with D because it makes more sense
