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erik [133]
4 years ago
14

Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six-month, 5 percent note.

a. The company loans the money on January 1.b. The new employee pays Nova the interest owed on the maturity date.c. The new employee pays Nova the full principal owed on the maturity date.Prepare journal entries to record the above transactions for Nova Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)
Business
1 answer:
Tanzania [10]4 years ago
8 0

Answer:

Answer for the question :

"Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six-month, 5 percent note.a. The company loans the money on January 1.b. The new employee pays Nova the interest owed on the maturity date.c. The new employee pays Nova the full principal owed on the maturity date.Prepare journal entries to record the above transactions for Nova Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) "

is in the attachment.

Explanation:

Download pdf
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Marshmellow Corporation sells a product for $140 per unit. The product's current sales are 12,500 units and its break-even sales
xeze [42]

Answer:

c. 10%

Explanation:

Margin of safety is the sales value at which the business is safe from making loss. It measures the profit after the break-even point. The sales over the break-even point is considered as the margin of safety.

Margin of safety = Actual Sales - Break-even point = 12,500 units - 11,250 units = 1250 units

Percentage of margin of safety to sales = Margin of safety / Actual sales

Percentage of margin of safety to sales = 1,250 / 12,500

Percentage of margin of safety to sales = 0.10

Percentage of margin of safety to sales = 10%

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3 years ago
You want to see how raising your client's target cost-per-acquisition (cpa) might affect his ad performance. which tool could he
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That would be a "target CPA simulator"
7 0
4 years ago
High income countries with larger governments as a share of gdp have generally
Scorpion4ik [409]

Answer: High income countries with larger governments as a share of GDP have generally grown at a slower rate than the countries with smaller governments.

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5 0
3 years ago
Crandle Corp. applies manufacturing overhead costs to products at a budgeted indirectminuscost rate of $ 100 per direct manufact
katen-ka-za [31]

Answer:

total product costs  =   $101750

Explanation:

given data

overhead costs = $ 100

Direct materials of $41,000

direct manufacturing labor  = 450

per​ hour = $35

markup rate = 30 %

solution

we get here total product costs  that is express as

total product costs  = Direct materials + DML + MOH ..........1

total product costs  = $41,000 + ( 450 × $35 ) + ( 450  × $100 )

total product costs  =  $41,000 + $15750 + $45000

total product costs  =   $101750

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3 years ago
The purpose of consuming a balanced diet is to give the body _______.
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C.Plenty of nutrients
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Read 2 more answers
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