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3 years ago

Which payment option could have interest charged to you

Business

1 answer:

kramer3 years ago

6 0

Answer:

Loans, Credit cards

Explanation:

If you don't pay your credit card on time, they will charge you a late fee. If you take out a loan, they make you pay back the money you took out and a percent of that amount for interest.

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On the first day of the fiscal year, a company issues a $8,800,000, 7%, 10-year bond that pays semiannual interest of $308,000 (

andrezito [222]

Answer and Explanation:

The journal entry is shown below:

Interest expense $403,391

To Cash $308,000

To Discount on note payable $95,391

{($8,800,000 - $7,655,303) ÷ 12}

Here we debited the interest expense as it increased the expenses and credited the cash as it decreased the assets and credited the discount on note payable

4 0

3 years ago

Adjusting Entries for Accrued SalariesGarcia Realty Co. pays weekly salaries of $26,500 on Friday for a five-day workweek ending

Tems11 [23]

Answer:

Debit Credit

Salary expense $5,300

($26,500/5)

Salary payable $5,300

b. Debit Credit

Salary expense $21,200

($26,500/5*4)

Salary payable $21,200

Explanation:

a. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the monday is given below:

Debit Credit

Salary expense $5,300

($26,500/5)

Salary payable $5,300

b. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the thursday is given below:

Debit Credit

Salary expense $21,200

($26,500/5*4)

Salary payable $21,200

5 0

4 years ago

The _____ stage of the commander's decision cycle is where the commander and staff make adjustments to the current plan or devel

True [87]

I believe the answer is: Direct

During the direct stage, commander and staff would directly review the plan and put several factors into consideration to judge whether the plan would be succesful or not. (factors could include budget, timing, political situation, etc).

After they put all factors into consideration, they would made several adjustment to the plan according to the situation at hand to improve the success rate of the plan.

4 0

3 years ago

For a segmentation strategy to be successful, the customers in the segment must react similarly and positively to a firm's offer

riadik2000 [5.3K]

I had to look for the options and here is my answer:

Segmentation strategies are divided into five categories: behavior, benefit, demographic, geographic and psychographic. These strategies aims for the population or market subdivision. For the strategy to become successful, the ability of the customers to positively react to the firm's offering is being responsive.

3 0

3 years ago

Sheffield Corp. estimates its sales at 150000 units in the first quarter and that sales will increase by 15000 units each quarte

Varvara68 [4.7K]

Answer:

183,750

Explanation:

Data provided in the question:

Sales in the first quarter = 150,000 units

Increase in sales each quarter = 15000 units

Ending inventory = 25% of the current sales units

Now,

Ending inventory of first quarter = 25% of Units produced in the first quarter

= 0.25 × 150,000

= 37,500

Units produced in the first quarter = Sales + Ending inventory of first quarter

= 150,000 + 37,500

= 187,500

Units to be produced in the second quarter

= Sales in second quarter - Ending inventory of first quarter + Ending inventory

= [ 150,000 + 15,000 ] - 37,500 + 25% of [ 150,000 + 15,000 ]

= 165,000 - 37,500 + 41,250

= 168,750

Units to be produced in the Third quarter

= Sales in third quarter - Ending inventory of second quarter + Ending inventory

= [ 150,000 + 15,000 + 15,000 ] - 41,250 + 25% of [ 150,000 + 15,000 + 15,000 ]

= 180000 - 41,250 + 45,000

= 183,750

4 0

3 years ago