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Ivan
3 years ago
9

Houston Company receives a six-month note from a customer. The note has a face amount of $8,000 and an interest rate of nine per

cent. What is the total amount of interest income to be received
Business
1 answer:
bogdanovich [222]3 years ago
6 0

Answer:

$360

Explanation:

The computation of the total amount of interest income is shown below:-

Note amount = $8,000

Interest rate per year = 9%

Number of months = 6 months

Interest amount = Note amount × Interest rate per year × Number of months ÷ Total number of months in a year

= $8,000 × 9% × 6 ÷ 12

= $360

Therefore for computing the interest amount we simply applied the above formula.

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Which of the following is an example of a skill?
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The answer is A. programming
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3 years ago
Read 2 more answers
1) Imagine that we have eliminated marketing intermediaries, and you need groceries and shoes. How would you find out where the
postnew [5]

Answer:

1. By consulting the people who have purchased shoes and groceries recently, calling them or checking out their website for these information.

2. I would not be willing to travel far based on losses I might incur.

3. I would not save any money.

Explanation:

How would you find out where the shoes and groceries are?

Marketing Intermediaries help in effective delivery of products and services from the end of producers to the other end of consumers.

Since the marketing intermediaries have been eliminated, I would have to find out where the products groceries and shoes are manufactured or where the nearest wholesaler is. I can either inquire from friends and from people who have purchased shoes recently, call the company or check out their website for these information and also inquire from farmers in my area for groceries. It is highly likely that the manufacturers of shoes and groceries are far from where I live.

How far would you have to travel to get them?

Depending, on the distance of manufacturers and farmers to where I live but at the end of the day it will cost me more on time and gas going from one manufacturer and/or farmer to the other. I will end up not going that far to get them.

How much money do you think you'd save for your time and effort?

I would not save but lose money for my time and effort. The money that the marketing intermediaries would have helped me saved is what I would have spent in the search of manufacturers and farmers.

7 0
4 years ago
Powers Company reported Net sales of $1,240,000 and average Accounts Receivable, net of $74,500. The accounts receivable turnove
kifflom [539]

Answer:

Accounts receivable turn over is 16.64

Explanation:

To compute accounts receivable turn over ratio, we simply divide net credit sales over the average accounts receivable.

Accounts receivable turn over ratio = $1,240,000/$74,500

= 16.64

The higher the ratio, the better it is in the company. It simply means, the company exercises the effective way to collect its receivable from the customer.

*Net credit sales is derived by deducting sales returns and allowances from gross credit sales. If the problem is silent regarding cash sales, we will assume that the sales made by the period is all at credit.

8 0
3 years ago
Jose is a twenty-two year old who just finished college. He lives alone in a small apartment that he rents. Jose has saved up ne
vladimir1956 [14]

Answer:

Jose is a twenty-two year old who just finished college. He lives alone in a small apartment that he rents. Jose has saved up nearly all his earnings from various part-time jobs in order to start his photography business. Given his current situation, Jose most likely has:________.

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The answer for that would be B. High risk tolerance

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