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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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The conduct code or a manual basically has to define the ways in which people must act in the company.

Explanation:

Every company has a set of standards and how the work culture exists in their company.

This is often a direct inference of the practices of their company in the market and what their place is according to it.

It also depends on what industry the company is a part of.

Thus, the manual makes sure there is a directive way of understanding the rules of conduct of every worker within a company and even for the managers and executive there exists this way of understanding what it is about.

3 0
3 years ago
416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i
victus00 [196]

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

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Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000  

6 0
3 years ago
Which statement describes an hourly wage job? Each paycheck is the exact same regardless of number of hours worked. Each paychec
tangare [24]

Answer:

If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Explanation:

An hourly wage job means that you get paid according to the number of hours you work and your wage will be determined by this. If you work more hours your paycheck will be higher and if you work less hours it will be lower. According to this, the statement that describes an hourly wage job is: if an employer wants the employee to work more hours in a week, the result is a larger paycheck.

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Answer:

C

Explanation:

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Be honest and pay the 50 cents.
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3 years ago
Read 2 more answers
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