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Zolol [24]
3 years ago
14

Jane's Donut Co. borrowed $198,000 on January 1, 2018, and signed a two-year note bearing interest at 14%. Interest is payable i

n full at maturity on January 1, 2020. In connection with this note, Jane's should report interest expense at December 31, 2018, in the amount of:
Business
1 answer:
Virty [35]3 years ago
7 0

Answer:

$27,720

Explanation:

The computation of the interest expense

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

= $198,000 × 14% × (12 months ÷ 12 months)

= $27,720

Basically we applied the simple interest formula to determine the interest expense and the borrowed amount is taken on January 1, 2018 and the interest expense should be reported on December 31, 2018 that comprises of 12 months

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Jazz Corporation owns 50% of the Williams Corp. Stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s
Elden [556K]

Answer:

$6,500

Explanation:

Calculation for the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp

Based on the information given we were told that the Jazz's Corporation owns part of Williams Corp. stock which is 50% in which Williams Corp. stock distributed the amount of $10,000 dividend to Jazz Corporation which means that Jazz Corporation share in Williams stock is higher than 20% and as well lower than 80% based on this Jazz Corp.'s will be entitled to dividend received deduction of 65% calculated as:

Dividends received deduction =$10,000 × 65%

Dividends received deduction=$6,500

Therefore the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp will be $6,500

7 0
3 years ago
Please help I have no clue how to do accounting
levacccp [35]

Answer:

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Explanation:

5 0
3 years ago
If a material event is either unusual in nature or an infrequent occurrence—such as a one-time charge resulting from a major res
PtichkaEL [24]

Answer:

False

Explanation:

7 0
3 years ago
An application currently stores all its data on Amazon EBS Volumes. All EBS volumes must be backed up durably across multiple Av
rewona [7]

Answer:

A. Take regular EBS snapshots .

Explanation:

-B is incorrect. It lacks durability of EBS volumes.

-C is incorrect. ECT Instance stores are not durable.

-D is incorrect. Mirroring across EBS volumes is pargely inefficient.

-Since EBS snapshots only saves snapshots of the most recent device changes, a great deal of time and memory is saved. Also, only data unique to any particular snapshot is removed in cases of deletion.

5 0
3 years ago
With a pull marketing strategy,A. orders for merchandise are generated at the store level based on sales data captured at POS te
o-na [289]

Answer:

A. orders for merchandise are generated at the store level based on sales data captured at POS terminals.

Explanation:

In a pull marketing strategy, the company focuses on targeting customers to want the product under consideration specifically. For this the company focuses on targeting customers directly by providing straight discounts when bought from production houses directly.

This basically ignores the role of retailers and middle persons in the supply chin. Companies target the customer in such manner so that customers directly contact the producing houses.

Accordingly, orders are booked in store level only, through estimated sales study.

4 0
3 years ago
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