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Anton [14]
3 years ago
14

12-month bank loan in the amount of $45,000 had been obtained by the country club on November 1. Interest is computed at an annu

al rate of 8 percent. The entire $45,000, plus all of the interest accrued over the 12-month life of the loan, is due in full on October 31 of the upcoming year. The necessary adjusting entry was made on November 30 to record the first month of accrued interest expense. However, no adjustment has been made to record interest expense accrued in December.

Business
1 answer:
Thepotemich [5.8K]3 years ago
7 0

Answer:

Debit: $300

Credit: $300

Explanation:

See attached picture for explanation.

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Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13
horsena [70]

Answer:

Contribution per unit

= Selling price - Variable cost per unit

 = $27 -$13

= $14

Contribution margin ratio

= Contribution per unit

  selling price

= $14

  $27

=  0.518518518

Break-even point in dollars

= $1,400

  0.518518518

= $2,700

               

Explanation:

Break-even point in dollars  equals fixed cost divided by contribution margin ratio. Contribution margin ratio is equal to contribution per unit divided by selling price. Contribution per unit is selling price minus variable cost per unit.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

4 0
3 years ago
FOOT CREAM MINI CASE: Athlete's Aid is a foot cream designed to prevent athlete's foot with once- daily application after shower
alex41 [277]

Answer:

The correct answer is:  negative message framing.

Explanation:

Negative message framing refers to the type of advertisement in which it is exposed benefits of a product in a very aggressive manner, showing proof of what the beneficial results of that product are or what the consequences of not having that product could lead to. As part of the marketing strategy, the advertisement is repeatedly prompted during events related to the use of the product.

3 0
4 years ago
Transaction Processing Systems (TPS) can make decisions using predetermined rules and processes. This is an example of a(n) ____
avanturin [10]

TPS can make decisions based on pre-defined rules and processes. This is an example of an operational control's structured decision.

<h3>What is Transaction Processing Systems?</h3>

Transaction processing system is also denoted as TPS. It is a method of computing that breaks down work into discrete, indivisible activities known as transactions.

A transaction processing system is a software or may be hardware combination that facilitates transaction processing.

Therefore, the TPS is an example of a structured decision of an operational control.

Learn more about the Transaction Processing Systems, refer to:

brainly.com/question/11621307

#SPJ1

3 0
2 years ago
Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00
IRISSAK [1]

Answer:

10.38%

Explanation:

From the question above a bank offers to lend an amount of $10,000 for a period of 1 year

The bank expects an interest of $250 to be paid every 4 months

= $250×4

= $1,000

Total amount of interest= $1,000

The first step is to calculate the nominal interest

= (1000/10,000)×100

= 0.1×100

= 10%

Therefore, the effective annual rate on the loan can be calculated as follows

= (1+r/m)^m-1

r = 10% , m = 4

= [1+(10/100)/4]^-1

=[ (1+0.1/4)^4]-1

= (1+0.025^4)-1

= (1.025^4)-1

= 1.1038-1

= 0.1038×100

= 10.38%

Hence the effective annual rate in the loan is 10.38%

6 0
3 years ago
12. When it comes to managing money, success
Deffense [45]

<u>Answer:</u> Option D

<u>Explanation:</u>

The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.

Increased spending without saving also has the risk of increased debts and increases the stress. The savings is low for many people and for the purpose of spending money they borrow money. A person who has more debts it keeps him from building assets and investments.

5 0
4 years ago
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