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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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Andy is talking to his friend Bruce, who has an interest in Arlington, LLC, about purchasing his LLC interest. Bruce’s outside b
dangina [55]

Answer:

$23,000

Explanation:

LLC interest for $18,000 +$5,000 one-fourth share of the LLC’s debt

=$23,000

Therefore If Andy bought Bruce’s LLC interest for $18,000, Andy’s outside basis in Arlington, LLC will be $23,000 because Andy's basis would equal the amount he paid for his LLC interest plus his share of the LLC debt which is why he would have a starting basis of $18,000 + $5,000 of LLC debt, or $23,000

7 0
3 years ago
When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the ________ g
Rom4ik [11]

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the <u>C. Logic</u> guideline for effective communication.

A Stakeholder may be a wide variety of people impacted or invested in the task. As an example, a stakeholder can be the owner or even the shareholder. However, stakeholders can also be employees, bondholders, customers, providers, and companies. A shareholder can be a stakeholder.

The easy way to remember these 4 categories of stakeholders is by using the acronym UPIG: customers, providers, influencers, governance.

Stakeholders encompass all individuals or companies who have a vested interest in the performance of the business. It is vital that firms build healthful and balanced relationships with their stakeholders, as their stage of authenticity is determined by how properly they meet their stakeholders' needs.

Your question is incomplete. Please read below for the missing content.

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the ________ guideline for effective communication.

a. tact

b. specificity

c. logic

d. relevance

Learn more about Stakeholders here brainly.com/question/4404879

#SPJ4

7 0
2 years ago
Bradford, Inc is evaluating the following projects based on their weighted average cost of capital. Assume Bradford can raise mo
drek231 [11]

Answer:

Explanation:

Projects which has highest return shall be accepted.

Assuming brad ford can take up to $40,000,000 at the rate of 11 % and more funds at 14 % cost of capital.

Now we will calculate weighted average return for each combination

For a and b = (30×18+ 10×16)/40 = 17.5

For second option

(20×12 + 10×15 +10×16)/40 = 13.75

So projects A and B shall be accepted

5 0
3 years ago
It is January 1 of Year 2. Sales for Harry Company for January, February, and March are forecasted to be as follows: January, $2
melisa1 [442]

Answer:

D. $ 290,000

Explanation:

Computations of cash collections for March

Collections

For January sales $ 200,000 * 60 % second month after sales)     $ 120,000

For February sales $ 400,000 * 30 % (first month after sales)         $  120,000          

For March sales      $ 500,000 * 10 % ( month of sales)                    <u>$    50,000 </u>

Collections for March                                                                          $ 290,000

8 0
3 years ago
Emilio works in a power plant control room. Dawn works in a coal mine. What do Emilio and Dawn have in common? They both are sel
Makovka662 [10]

Answer:

They both work in the Energy Transmission career pathway

Explanation:

Emilio and Dawn work in the "Energy Transmission career pathway".

In Energy career pathway, there are there stages. First is Energy generation, second is Energy transmission and third is Energy distribution.

In Energy transmission, power is evacuated from the generating stations via transmission networks. This happens in coal mines and power plant control room. Bulk of generated energy is covered in Energy Transmission Pathway from the source to the electrical substation through a transmission network. One needs critical thinking to analyze the information and stress management as employees to handle urgent tasks as well.

5 0
3 years ago
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