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
Levart [38]
3 years ago
12

On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.0 million cash to expand operations. The l

oan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 8% promissory note. Interest is payable at maturity. FirstBanc Corp.’s year-end is December 31. Record the acceptance of the note by Firstban Corp.
Business
1 answer:
Marina CMI [18]3 years ago
7 0

Answer:

                                Debit                  Credit

Loan Receivable      $20,000,000

Cash                                                    $20,000,000  

Interest Receivable     $666,666

Interest Income                                     $666,666        

             

Explanation:

Interest is calculated by multiplying 0.08 by 20 million and then dividing it by 2 because the loan is a 6 month loan. As Aug- Dec is 5 months we will record revenue of 5/6 of the interest.

You might be interested in
Dion, an accountant for Entertainment Sports, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts th
DaniilM [7]

Answer:

Avoid unethical behavior regardless of the consequences.

Explanation:

Unethical behavior has genuine ramifications for the two people and associations. You can lose your employment and notoriety, associations can lose their believability, general spirit and profitability can decrease, or the conduct can bring about critical fines and additionally monetary misfortune.  

Among the most exceedingly awful impacts of exploitative conduct on business is that an organization can't manufacture or keep up any long haul associations with clients.

4 0
3 years ago
Macroeconomics focuses on the behavior of? individual consumers. a specific market. the overall economy. government agencies.
kobusy [5.1K]

The given statement is false.

A subfield of economics called macroeconomics focuses on aggregate units. It concentrates on factors such as total supply, demand, investment, national income, etc. Macroeconomics examines the overall level of prices.

The units of the individuals are the focus of microeconomics. It focuses on the behavior of various economic agents such as individual customers, companies, or specific markets. Microeconomics examines the level of individual prices.

In order to study the behavior of entire economies, macroeconomics looks at aggregate indicators like the general level of prices, the unemployment rate, and the production of the whole economy. Microeconomics is the study of market behavior.

Hence, the above statement is false.

For more questions related to Macroeconomics and Microeconomics visit the link below:

brainly.com/question/11362533?referrer=searchResults

#SPJ4

4 0
1 year ago
. What happens if you don't pay your insurance premium for your car?
Andru [333]
Your insurance will be cancelled
5 0
3 years ago
In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
katovenus [111]

In this scenario, Roger's behaviour would best be classified as an elaborator.

While working in a group each individual contributes in their own ways.

Benne and Sheats defined roles in a group and classified them in three categories. These categories are

1. Task roles : relate to actually achieving the task goals.

2. Personal Roles : relate to the interpersonal relationships between team members. A highly qualified team, when all team members with a high ego will not be able to achieve the desired goal within the deadline.

3.Dysfunctional Roles: do not contribute in any way to a group. They are only interested in serving their own interests and more often than not, are responsible for disruptions and discord within the group.

The right combination of various roles in a group goes a long way in achieving a goal.

The Elaborator is a task role. The Elaborator takes up an idea and gives his views on how that idea might turn out if it is implemented in the given suggestion.

3 0
3 years ago
Sophie, the CFO of Slolum Ski Supplies, received a watch from one of her company's largest vendors, Colorado Ski Shoppe. She rec
Dafna11 [192]

Answer:

the correct answer is

c. Whether the gift was reasonable in the circumstances.

good luck ❤

7 0
3 years ago
Other questions:
  • Carmex moisture plus is priced between $2.49 and $2.99, a high price compared to the $0.99 carmex tube. carmex managers estimate
    7·1 answer
  • Businesses in america will spend approximately​ $600 ____________ on​ hardware, software, and telecommunications equipment in 20
    11·1 answer
  • Carolyn has an AGI of $38,000 (all from earned income), two qualifying children, and is filing as a head of household. What amou
    14·1 answer
  • Allocating funds to promotion whereby the company determines its promotion objectives, outlines the tasks to accomplish these ob
    7·1 answer
  • Type the correct answer in the box. Spell the word correctly.
    5·2 answers
  • Last year, Capriana Corporation (CC) had sales of $200 million, and its inventory turnover ratio was 5.0. The CC’s current asset
    11·1 answer
  • Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres
    8·1 answer
  • Can somebody help me with my assignments
    6·1 answer
  • The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank
    6·1 answer
  • what are the three areas on the dashboard that let you find and perform every feature and function you need in quickbooks online
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!