1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
torisob [31]
3 years ago
11

On January 1, 2020, Ann Price loaned $192186 to Joe Kiger. A zero-interest-bearing note (face amount, $270000) was exchanged sol

ely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 12%. The present value of $270000 at 12% for three years is $192186. What amount of interest income should Ms. Price recognize in 2020?
Business
1 answer:
Brums [2.3K]3 years ago
3 0

Answer:

The amount of interest income should Ms. Price recognize in 2020 is $23,062

Explanation:

Amount of interest income should Ms. Price recognize in 2020

= $192186*12%

= $23,062.32

= $23,062

Therefore, The amount of interest income should Ms. Price recognize in 2020 is $23,062

You might be interested in
_____ holds data when the computer is off or during the course of a program's operation.
aliya0001 [1]
The word to fill the blank space is "S<span>econdary Memory".
Complete sentence will be as below:

</span>Secondary memory <span>holds data at a time when the computer is not on an/or at a time when a program is operating its functions.
</span><span>This part also serves as archival storage, it is used when someone needs to store huge amount of data and for a longer period of time.</span>
8 0
3 years ago
1.4 The process of allocating a business function to a
ElenaW [278]
Outsourcing because a third party is someone who is not one of the main people involved in a business.
5 0
3 years ago
Tex's Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $120,000
Thepotemich [5.8K]

Answer:

Is better to continue the production of the component as currently is taking allocated overhead from other department. Buying will inccur in a financial disadvangate of 25,000

Explanation:

<u>Make</u>

Direct cost:

DM                   120,000

DL                      25,000

VMO            <u>      45,000  </u>

Total Variable:  185,000

Tracable fixed cost: 5,000

Total cost:   190,000

<u>Buy option:</u>

purchase 190,000

unavoidable cost: (30,000 - 5,000) = 25,000

Total cost: 215,000

3 0
3 years ago
A team is trying to determine the best process type for producing a new product family. The product consists of a base model wit
Natali5045456 [20]

Answer:

The correct answer is the option A: Cell

Explanation:

To begin with, the name of "Cellular Manufacturing" is known in the business field for being one type of manufacturing process that can be selected among others in order to use it as the method of excellence to produce the good that the company wants to sell. Moreover, this type of process is characterized by the fact that the process involves a number of various machines that do a task in particular, called cells, that can easily change that task in order to do another one that the manufacturer will need so that implicates that this type of method is very helpfull in those companies who develop products that are intended to be changed continuously.

7 0
3 years ago
When you purchase shares of a company in the market, who are you buying those shares from?
leva [86]

Answer:

Investor

Explanation:

A stock is a speculation. At the point when you buy an organization's stock, you're buying a little bit of that organization, called an offer. Investors buy stocks in organizations they think will go up in esteem. On the off chance that that occurs, the organization's stock increments in esteem also.

Investor is a person who purchase shares of a company in the market.

3 0
3 years ago
Other questions:
  • Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior t
    14·1 answer
  • On june 25, ritts roofing extended an offer of $250,000 for land that had been priced for sale at $300,000. on july 9, ritts acc
    11·2 answers
  • World Class Rings produces class rings. Its best-selling model has a direct materials standard of 16 grams of a special alloy pe
    15·1 answer
  • December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $492,000, terms 1/10, n/30. This inventory origina
    13·1 answer
  • A(n) __________ is the chance that someone or something could be harmed by a hazard.. Select one: a. recovery plan b. assessment
    10·1 answer
  • Jacob has been hinting that he loves to bowl and would like to join the company bowling team in order to get to know his new cow
    9·1 answer
  • Vanessa owns a music company and has been storing a wealth of information ranging from customer contact information to the names
    5·1 answer
  • When marketing managers attempt to identify "Key Success Factors" they typically are engaged in the _________________ component
    8·1 answer
  • Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income tax
    7·2 answers
  • In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!