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PolarNik [594]
3 years ago
10

On September 1, 2021, Middleton Corp. lends cash and accepts a $3,900 note receivable that offers 9% interest and is due in six

months. How much interest revenue will Middleton Corp. report during 2021? (Do n
Business
1 answer:
Sloan [31]3 years ago
3 0

Answer:

$117

Explanation:

The computation of the interest revenue is shown below:

= Note receivable amount × rate of interest × number of months ÷ (total number of months in a year)  

= $3,900 × 9% × (4 months ÷ 12 months)

= $117

The 4 months are from 1 September 2021 to 31 December 2021 It is assumed that the books will be closed on 31 December 2021

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Steve was wrongfully terminated by Sam, his former boss at Big Flop, Inc., falsely stating that Steve embezzled money. When Stev
Katen [24]

Answer:

(D) are likely liable under the theory of compelled self-publication.

Explanation:

Under the defamation cause of action, courts protect an individual's interest in his reputation by holding liable the maker of false statements ( be it the previous employer) that damage the individual(employee)'s reputation.

6 0
3 years ago
A new operating system for an existing machine is expected to cost $600,000 and have a useful life of six years. the system yiel
Slav-nsk [51]
For the first investment the solution as follows
Annual depreciation
600,000÷6 years=100,000

Net annual cash flows
100,000+155,000=255,000

Present value
255,000×4.11141+16,600×0.50663
=1,056,819.608

Net present value
1,056,819.608−600,000=456,819.608

For the second investment the solution as follows
Annual depreciation
390,000÷8 years=48,750

Net annual cash flows
48,750+60,000=108,750

Present value
108,750×4.96764+24,500×0.40388
=550,125.91

Net present value
550,125.91−390,000=160,125.91
4 0
3 years ago
A product sells for $30 per unit and has variable costs of $17.75 per unit. The fixed costs are $967,750. If the variable costs
Trava [24]

Answer:

not change

Explanation:

BEP (Units) = Fixed cost / (Unit selling price - Unit variable cost)

BEP (Units) Before the change is : 967750/ (30-17.75) = 79000 units

BEP (Units) after the change is: 1145500/(30-15.5) = 79000 units

--> BEP (Units) does not change

7 0
3 years ago
The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs
Blizzard [7]

Answer:

Controllable margin =$125,000

Return on investment = 20%

Explanation:

<em>Controllable margin is the difference between the sales revenue and the controllable cost. Controllable costs include variable and fixed cost directly under the control of the manager and which are influenced by his decisions.</em>

Controllable margin - Sales revenue - variable cost - controllable fixed cost

Controllable margin= $500,000 - $300,000 - 75,000 = $125,000

Controllable margin =$125,000

Return on investment = (controllable margin/ Average investment) × 100

                     = (125,000/625,000) ×  100 = 20%

Return on investment = 20%

3 0
3 years ago
Arborview Plant Science Company has invented a drought resistant grass seed that only needs watering three times each year. In o
Zigmanuir [339]

Answer:

The scientist are looking to offer shares of stock to general public to raise some funds.

Explanation:

The seed scientist are looking to offer shares of stock of their company to genera public to raise some funds , so that they can expand the distribution of their product . Arborview plant science company will first time offer their shares to the public, so this process is called initial public offering and by doing this they will get funds from investor in return for part of ownership in the company.

3 0
3 years ago
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