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Serhud [2]
3 years ago
6

Universal Travel Inc. borrowed $500,000 on November 1, 2018, and signed a 12-month note bearing interest at 6%. Interest is paya

ble in full at maturity on October 31, 2019. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2018, in the amount of:$8,000.$30,000.$5,000.$25,000.
Business
1 answer:
Dennis_Churaev [7]3 years ago
3 0

Answer:

$5,000

Explanation:

The computation of the interest payable is shown below:

= Borrowed amount or Principal  × rate of interest × (number of months ÷ total number of months in a year)

= $500,000 × 6% × (2 months ÷ 12 months)

= $5,000

The 2 months is calculated from November 1, 2018, to October 31, 2019

It is somewhat similar to the simple interest formula.

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Lemur [1.5K]

Answer:

Option A (Raises wages and employment in that industry)

Explanation:

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Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.

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2 years ago
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Not sure about this answer I will think about it
6 0
4 years ago
The key distinction between technological efficiency and economic efficiency is that technological efficiency​ _______ and econo
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Answer:

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8 0
4 years ago
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ss7ja [257]

Answer:

$70000

Explanation:

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