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faltersainse [42]
3 years ago
7

The best way to achieve significant increases in interest accrual in a savings account is through

Business
1 answer:
loris [4]3 years ago
6 0
Compounding. If you compound your interest, then your interest rate will go up, and you get more interest.
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A company settles a long-term note payable plus interest by paying $68,000 cash toward the principal amount and Page 565 $5,440
Juli2301 [7.4K]

Answer:

$68,000

Explanation:

The long-term note payable is a debt that is formally established through a written agreement. An example of long-term note payable is a bank loan.

When the principal and the interests of a long-term note are paid, they represent Cash outflows from the business and are recorded in the Cashflow Statement. However, their treatments are different. Another way to put it is that they bring a reduction in the cash of the organisation.

The $68,000 principal amount paid is an outflow from the company that is recorded in the financing activity section of the Cash Flow Statement

The Interest of $5,440 is also an outflow from the business but it is reported in the operating activity section of the Cash Flow Statement. The reason for its report is that it is actually reported in the Organisation's Statement of Income as an expense for the year. It, therefore, qualifies as an operating activity expense or outflow.

7 0
3 years ago
Sandy Shores Corporation operates two stores: J and K. The following information relates to J: Sales revenue$1,300,000 Variable
natulia [17]

Answer:

Sandy Shores Corporation

J's Segment Contribution Margin is:

= $700,000.

Explanation:

a) Data and Calculations:

Sales revenue                                        $1,300,000

Variable operating expenses                    600,000

Contribution                                             $700,000

Fixed expenses:

Traceable to J and controllable by J        275,000

Traceable to J and controllable by others 80,000

Total fixed expenses                                355,000

Net operating income                            $345,000

b) The contribution margin is the difference between total sales revenue and the variable costs.  The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.

5 0
3 years ago
What does the price of diesel fuel in russell ks have to do with the price of bread in boulder co?
Scilla [17]
T<span>he equipment to plant, harvest, and transport grain used by the farmers in KS is powered by diesel fuel. Therefore, an increase in the price of the fuel will also increase the price of the bread. The main ingredients of the bread </span>are <span>coming from the farmers' harvest of grain. When the price of the fuel would increase, the farmers would be selling their grains at a higher price which would yield to a higher price of the bread.</span>
5 0
3 years ago
At green acres fencing company, eight employees each perform various aspects of the company's work. one person does sales, four
miss Akunina [59]
<span>The fact that the Green Acres Fencing company differentiate the jobs and aspects of the company's work of the employees means that this type of organization reflects Fayol's principle of division of labor. The term division of labor means </span><span>the separation of a work process into a number of tasks</span>
8 0
3 years ago
Read 2 more answers
Navarro, Inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. The bonds will have a YTM
pogonyaev

Answer:

Bond Value is $347.30

Explanation:

Zero coupon bond does not offer any return on the bond that's why it is issued on deep discount value.

Number of years = n = 20 years

Face value = F = $1,000

YTM = 5.43%

Price of the Bond = [ F / ( 1 + r )^n ]

Price of the Bond =[ $1,000 / ( 1 + 5.43% )^20 ]

Price of the Bond =[ $1,000 / ( 1.0543 )^20 ]

Price of the Bond = 347.30

4 0
3 years ago
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