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
zhuklara [117]
3 years ago
5

On August 1, 2018, Deeva, Inc., sold equipment and accepted a six-month, 9%, $50,000 note receivable. Deeva's year-end is Decemb

er 31. How much interest revenue should Deeva accrue on December 31, 2018
Business
1 answer:
Bingel [31]3 years ago
4 0

Answer:

$1,875

Explanation:

Given that,

Amount of note receivable = $50,000

Time period = 6 month

Interest rate = 9%

Interest amount:

= Principle amount × Interest rate × Time period

= $50,000 × 0.09 × (6/12)

= $2,250

Interest Accrued from 1 August to 31 December :

= (Interest amount ÷ 6 months) × 5 months

= ($2,250 ÷ 6 months) × 5 months

= $375 × 5 months

= $1,875

You might be interested in
An asset (not an automobile) put in service in June 2019 has a depreciable basis of $40,000 and a recovery period of 5 years. As
arlik [135]

Answer:

$40,000

Explanation:

Maximum amount of cost that can be deducted is full amount of $40,000. The maximum amount that can be claimed as bonus depreciation is the cost of the asset under consideration. The percentage of claim might be different and applicable according to announced by the Tax department, but the total amount that a person can claim as Depreciation Bonus is the Total cost of that asset.

3 0
3 years ago
Place and convenience are connected by a core linkage. While GoPro was able to get the product into locations where customers co
Serggg [28]

Question Completion with Options:

a. ignore convenience stores in its distribution network.

b. deliver fewer cameras than were needed during a holiday season.

c. miss the customer connection by emphasizing place over convenience.

d. exert too much power in the distribution network.

Answer:

GoPro

production problems forced it to

b. deliver fewer cameras than were needed during a holiday season.

Explanation:

Shortages are avoided by producers as much as possible in order not to cause disequilibrium in the market.  Shortages are not the same as scarcity.  They are temporary setbacks when the quantity demanded outstrips the quantity supplied at the equilibrium market price.  The backlashes result in lost sales and revenue for suppliers.  Shortages may clear ways for competitors to enter the market to meet the unsatisfied demand.

5 0
3 years ago
In 2019, Wesley has a fairly simple tax situation with moderate wage income and a modest amount of interest income. Wesley, age
asambeis [7]

He may file Form 1040.

Explanation:

Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.

Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.

Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.

3 0
3 years ago
Make me brainless pls pls pls pls pls
Blizzard [7]
I need one more brainliest to level up I feel it TwT
4 0
3 years ago
Read 2 more answers
What is the meant byTQM
ch4aika [34]
TQM is Total Quality Management, it's describe as a management approach to long-terms success for customer service or satisfaction.    
5 0
3 years ago
Read 2 more answers
Other questions:
  • A sales manager announces that all weekly sales reports must be submitted via e-mail, rather than hardcopy. However, some of the
    9·1 answer
  • Do you think college funding should be reduced to the humanities courses ?
    13·2 answers
  • Exercise 8-8 Budgeted Income Statement [LO8-9] Gig Harbor Boating is the wholesale distributor of a small recreational catamaran
    5·1 answer
  • holdy Inc's bonds currently sell for $1,275. They pay a $120 annual coupon and have a 20-year maturity, but they can be called i
    10·1 answer
  • Samantha Parks is the owner and CEO of Sparks, a small New York agency that develops advertising, promotions, and marketing mate
    6·1 answer
  • Wavetel, a hardware company based in Europe, acquires Telior, its competitor in a neighboring country. Identify the market-entry
    12·1 answer
  • Pat has Been riding informal proposals for more than 20 years. At feels that many people forget the call for action and present
    12·1 answer
  • All sales are on account. 35% of the sales are collected in the month of sale, 45% in the following month, the remainder in the
    10·1 answer
  • Under the "Don't Put all you eggs in one basket" analogy, the eggs represent individual investments and the basket represents th
    13·1 answer
  • jose owns a dog whose barking annoys jose's neighbor jane. suppose that the benefit of owning the dog is worth $100 to jose and
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!