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vampirchik [111]
3 years ago
5

Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma

tured on March 31, 2019. Interest and principal were paid in cash on the maturity date. Required What amount of cash did Abardeen pay for interest in 2018
Business
1 answer:
Vitek1552 [10]3 years ago
7 0

Answer:

$0

Explanation:

Data provided in the question

Borrowed amount from the bank = $90,000

Annual interest rate  = 8%

Maturity date = March 31, 2019

Since it is mentioned in the question that, the interest and the principal were paid in cash on the maturity date so for the amount of cash that Abardeen had to pay for 2018 interest would be zero as the principal and the interest is paid for 2018

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The Azuza Company owns no plant assets and had the following income statement for the year:
Nutka1998 [239]

Answer:Please see answer below

Explanation:

Solving

Net income= $16,000

Change in asset and liabilities

Accounts receivable Increased $67,000- $59,000 =- -8000

Inventory Decreased 62,000- 86,000=24,000

Prepaid rent --Increased 9,000- 7,000 = -2000

Accounts payable ---decreased 22,000 -30,000 = -8000

Wages payable ----Increased 9,000- 7,000=2000

Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)

= $24,000

Net income= $16,000

Change in asset and liabilities

Accounts receivable--Increase -$8,000

Inventory--Decreased-- $24,000

Prepaid rent --Increased -$2,000

Accounts payable ---decreased-$8,000

Wages payable ----Increased $2,000

Net cash provided by operating activities,= $24,000

6 0
3 years ago
Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt
Masteriza [31]

Answer:

Crowdsourcing technique.

Explanation:

Crowdsourcing involves collection of information from a group of people that have relevant input in a subject, and is usually done over the internet. It allows business save money because the feedback is usually lowcost or free, and saves time.

Threadless by allowing people submit their own designs and vote on what designs they would like to see on T-shirts, are using crowdsourcing to get feedback and ideas from the public.

5 0
3 years ago
Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photogra
algol13

Answer:

He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by first date of publication and his name.

Explanation:

Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photographs, he appropriately noted in the bottom right corner the necessary information showing that he was claiming copyright protection. Jill came to see Bobby three years after the initial photographs were taken and requested that he grant her permission to make as many copies as she wanted at the local photoshop from the pictures that she initially purchased. Photoshop had refused to reproduce the photographs without his permission. When he refused to give her permission to do so, Jill started a heated argument. She told Bobby that photographs are not entitled to copyright protection. She also told him that even if he was correct that there was some copyright protection, she was engaged in fair use, and in any event, damages for copyright infringement are unavailable. If Bobby decides to register the photographs under copyright law, He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by the first date of publication and his name.

8 0
3 years ago
If the purpose of your message is to ask local businesses to sponsor your event, your desired outcome would most likely be
larisa86 [58]

Answer:

the business will provide finance for the event

Explanation:

When messages are sent to business, local or international, to sponsor events, it is more often than not thought to be a request fro financial backing or financial muscle for the event. For this reason, the business being courted does not involves itself in the event but rather provides financial aid and maybe send out company representatives to see the event if necessary.

Cheers.

5 0
3 years ago
What is the e-file rejection error for an Invalid bank account or routing transit numbers?
lidiya [134]
The e-file rejection error for an invalid bank account or routing transit numbers is error code "0019". It might be caused due to a variety of reasons and is present in tax accounting software, where an e-file sent to the IRS is rejected, hence the error name. An incomplete installation might be one of the several reasons behind an e-file rejection error.
3 0
3 years ago
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