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Thepotemich [5.8K]
3 years ago
8

On July 8, Jones Inc. issued an $75,700, 8%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends o

n July 31. Using the 360-day year, what is the amount of interest expense recognized by Jones in the current fiscal year
Business
1 answer:
Marizza181 [45]3 years ago
3 0

Answer:=Jones recognizes $386.9  as interest

Explanation:

Fiscal year ending July 31st

there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st

Given amount or Principal amount = $75,700

Rate= 8%

Interest = Principal x Rate x Time

  $75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360

=$386.9

Jones recognizes $386.9  as interest in the current fiscal year.

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This anwser will be True.
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What is the primary responsibility of oversight bodies (such as an irb or iacuc)?
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Responsibility can also be used to describe Group responsibility. societal accountability for businesses. Duty. obligation to pay.

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3 0
1 year ago
Darrin’s employees are highly skilled, so he allows them free rein to do their jobs.
Oxana [17]

Answer::Leader-Member exchange , Out group members

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The  created relationship can either succeed   when there is trust and mutual respect leading to effective employees  or  fail by producing  undesired result in terms of a hostile relationship leading to low efficiency and productivity from employees

According to the leader member exchange theory, leaders tend to  create  different relationships with followers by forming two groups----- in group members  and out group members

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4 0
4 years ago
Convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.​
masya89 [10]

Answer: See explanation

Explanation:

To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

= 177°Celcius

(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

= 273 - 273

= 0°C

(c) 73 k

Temperature in Celcius = Temperature in Kelvin - 273

= 73 - 273

= -200°C

6 0
3 years ago
Consider This) Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and
kumpel [21]

Answer:

The $20 ticket to the match.

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3 years ago
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