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Nesterboy [21]
3 years ago
10

On November 1, 2021, New Morning Bakery signed a $191,000, 6%, six-month note payable with the amount borrowed plus accrued inte

rest due sik months later on May 1, 2022 New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2022? (Do not round your intermediate calculations.) eBook Multiple Choice $195,775. $196,730. $191,955 $191,000
Business
1 answer:
rosijanka [135]3 years ago
8 0

Answer:

$196,730

Explanation:

The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:

A =\$191,000*(1+(0.06*0.5))\\A=\$196,730

The company will need to pay $196,730.

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_____________ is the act of obtaining a desired object from someone by offering something in return.
Vaselesa [24]

Exchange

<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange. For instance, if a farmer gives a fixed number of eggs to another farmer for a fixed quantity of cow’s milk, this is an exchange.  Similarly, if a house guest offers to cook and clean in return for free accommodation, this is an exchange. </span>

8 0
3 years ago
You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,
kozerog [31]

Answer:

$240; $160

Explanation:

The computation is shown below:

As we know that

if there is 40% of money engaged in the risk portfolio is

= $1000 × 40%

= $400

Now amount in X is

= $400 × 0.60

= $240

And, the amount in Y is

= $400 × 0.40

= $160

hence, the last option is correct

All other valeus i.e. given in the question is not relevant. hence, ignored it

5 0
3 years ago
Margo has $2,200 withheld from her wages for state income taxes during 2018. In March of 2018, she paid $400 in additional taxes
igor_vitrenko [27]

Answer:bbbb

$2,600

Explanation:

$2,200 withheld from her wages for state income taxes during 2018 + The $400 she paid as an additional taxes for her 2017 state tax return.

$2,200 + $400 =$ 2,600

7 0
3 years ago
When evaluating whether to purchase public stock (i.e. an investor), what ratio should be considered to be most important and WH
Olenka [21]

Answer:

The price earnings ratio should be considered to be most important.

The reason is that the price earnings ratio indicates how much the market is ready to pay for a stock based on its current earnings.

Explanation:

The price earnings ratio is a market prospect ratio that compares the market price per share to the earnings per share to determine the market value of a stock in relation to its earnings. The P/E ratio is calculated using the following formula:

P/E ratio = Market price per share / Earnings per share

The price earnings ratio should be considered to be most important because it indicates how much the market is ready to pay for a stock based on its current earnings. It is frequently used by investors to estimate a stock's fair market value by forecasting future earnings per share. The rationale for this is that companies with larger future earnings are more likely to pay bigger dividends or have stock that appreciates in value.

The price to earnings ratio is also known as a price multiple or earnings multiple for this reason. This is because the ratio is used by investors to determine the value of a share based on its earnings multiple. In other words, how much they are willing to pay as a multiple of their incomes.

8 0
3 years ago
What factors make tax rules so complicated?
Alik [6]

Answer:

Hello!!! erz here ^^

Explanation:

Almost everyone agrees that the current tax system is too complicated, yet almost every year the system gets more complex, not less. Why? Tax simplicity almost always conflicts with other policy goals.

For example, the simplest—and least distorting—tax is a head tax, a fixed-dollar tax on everyone. But a head tax would be unfair, taking no account of differences in the incomes and needs of individuals, families, and businesses.

Most people believe taxes should be fair, conducive to economic prosperity, and enforceable, as well as simple. But even people who agree on these goals often disagree about the relative importance of each. As a result, policies usually represent a balance among competing goals, and simplicity often loses out to other priorities.

For example, most countries tailor tax burdens to individual taxpayers’ characteristics. That can make taxes fairer, but more complex. Income has to be traced from businesses to individuals. Individual characteristics such as marital status and number of dependents, as well as the composition of expenditures or income, have to be reported and documented. These conflicting objectives appear to be especially relevant in the current tax code, where the desire to reduce tax burdens for particular groups have added significant complexity.

Politics compounds the complexity. Interest groups—and thus politicians—support tax subsidies for particular activities. And these targeted subsidies inevitably complicate the tax system by creating distinctions among taxpayers with different sources and uses of income.

The current tax law was not enacted all at once but is a result of numerous provisions added or subtracted in multiple tax bills. Often Congress designs legislation under self-imposed constraints, such as short-term revenue goals or effects on the distribution of tax burdens among income groups. The result is that tax incentives are often designed in complex ways to limit the revenue losses or benefits to high-income taxpayers or to prevent their use by unintended beneficiaries.

Annual reports by the National Taxpayer Advocate have presented proposals for simplifying the tax code, including reforms of education incentives, retirement incentives, child benefits, and the alternative minimum tax.

8 0
3 years ago
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