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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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What does the consumer price index measure? A. the change in prices of all goods and services over time B. the change in prices
viktelen [127]

What does the consumer price index measure? B. the change in prices of specific goods and services over time. The consumer price index is also know as the CPI when reffering to this calculation. The CPI measures the weighted items of specific consumer goods and services by averaging them overtime. The CPI allows for comparison of the same products that consumers use on a daily basis and see how much they are using each year. This lets us know how the economy is doing as it relates to inflation. Inflation is the increase in prices and decline of the purchasing value of money in an economy.

6 0
3 years ago
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An important part of obtaining venture capital funding is going through ________ , which refers to the process of investigating
geniusboy [140]

Answer:

Due-diligence

Explanation:

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Since given in question key claims of business plan is being verified, therefore due diligence process is being followed in venture capital funding

5 0
3 years ago
An ATM card is used on January 24 to withdraw cash. What is the balance after this transaction? $158.53 $246.53 $15.00 $40.00
lianna [129]
The answer to this is $15.00
5 0
3 years ago
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At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depr
Bas_tet [7]

Answer:

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

Explanation:

Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:

Preparation of Journal entry

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Hall, a divorced person and custodian of her 12-year-old child, filed her 2021 federal income tax return as head of a household.
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The $2000  contribution to an IRA should be treated as an An adjustment to income in arriving at adjusted gross income.

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The individuals that are not in a retirement plan of a company have the option of deducting their cash contributions to their own retirement accounts.

They are able to do this given that the money is 6000 dollars or a hundred percent of their gross income.

Taxes are not paid on interest in this type of account till the earnings from the retirement plan is distributed.

Read more on deductibles here: brainly.com/question/5306277

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