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den301095 [7]
4 years ago
11

.On February 1, 2018, Middleton Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six

months. How much interest revenue will Middleton Corp. report during 2018?
Business
1 answer:
Dvinal [7]4 years ago
6 0

Answer:

interest revenue that Middleton Corp. report during 2018 is $20

Explanation:

given data

cash and accepts = $1,000

interest rate = 12% = 0.12

time = 6 month

to find out

How much interest revenue will report during 2018

solution

we get here Interest revenue that is report during 2018 as

Interest revenue report = $1000 × 12 % ×  \frac{2}{12}

Interest revenue report = $1000  × 0.12  ×  \frac{1}{6}

Interest revenue report =  $20

so interest revenue that Middleton Corp. report during 2018 is $20

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to earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest
sineoko [7]
I think the correct answer from the choices listed above would be option A. <span>To earn as much interest as possible, you should open a savings account that earns compound interest and has the lowest interest rate. Hope this answers the question. Have a nice day.</span>
8 0
3 years ago
Miranda works at a small-batch soda pop manufacturing plant. for eight hours a day, she uses her right hand to lift individual b
OlgaM077 [116]
I don’t know the choices, but I’d say it is a reptitive strain injury. This is an injury that is caused due to too much use of a certain appendix, in this case, Miranda’s right hand. Because she uses it eight hours a day, virtually nonstop, it makes sense that she would have repetitive strain injury.
5 0
4 years ago
Consider the following list of accounts: Accounts Payable Cash Prepaid Rent Common Stock Salaries Payable Equipment Supplies Ren
ladessa [460]

Answer:

Four (4)

Explanation:

The normal balances of the listed accounts are as follows.

Accounts Payable: credit balance

Cash: debit balance

Prepaid Rent: debit balance

Common Stock: credit balance

Salaries Payable: credit balance

Equipment: debit balance

Supplies: debit balance

Rent Expense: debit balance

Four of the eight accounts have credit balances.

5 0
3 years ago
Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not
Murrr4er [49]

Answer:

uncollectible ammount expense 47,972 debit

            allowance for doubtful account    47,972 credit

Explanation:

Fro mthe talbe we are given the amount of account over-time fro meach customer.

As we are presented with all date we should proceed directly with the journal entry:

the aging method stated an allowance of       60,727

the current balance is for                            <u>     (12,755)   </u>

the adjustment will be for:                         <em>       47,972 </em>

5 0
4 years ago
A corporation issued 80 shares of no par value common stock for $800 cash. Based on this information, the credit to the common s
GREYUIT [131]

Answer:

The correct answer to the following question should be $800.

Explanation:

As per the question, a corporation has issued 80 shares which have no par value, and the amount of cash that has been paid for the common stock is $800 cash. So the journal entry for this would be -

SN     Particular                LF            Debit            Credit

1        Cash                                       $800

       To Common stock                                           $800

         ( with no par value )

So the amount which would be credited to common stock would be $800

7 0
3 years ago
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