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Vlad [161]
2 years ago
8

On June 1, Parson Assoc. sold equipment to Arleo and agreed to accept a 3-month, $68,000, 10% interest-bearing note in payment a

t a time when the prevailing rate of interest for similar transactions was 10%. When the note was collected upon maturity, Parson would recognize interest revenue of: Multiple Choice
$0.
$1,700.
$3,400.
$5,100.
Business
1 answer:
nekit [7.7K]2 years ago
7 0

Answer:

The interest revenue on note receivable that will be recognized at maturity is $1700.

Explanation:

The note is a three months note. So, the interest that will be charged on the note for the period the note was outstanding, i.e. three months from June to August.  The rate that is given is an annual rate. Thus, the interest on note for three months period will be,

Interest revenue on note = 68000 * 0.1 * 3/12

Interest revenue on note = $1700

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in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population
Alchen [17]

Answer:

in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population of the villagers is not more than 6000, find the actual number of boys, girls, women and men​

Total population= <6000

10/100x6000= 600

girls = 600

boys= 660

15/100x6000= 900

women= 990

men= 900

20/100x6000=1200

children= 1240

adult= 1200

Explanation:

5 0
3 years ago
Best practices help inventory managers control their inventory. Which of the following is an inventory management best practice?
fenix001 [56]

Answer:

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Explanation:

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8 0
3 years ago
A perfectly inelastic demand implies that buyers would increase their purchases by 10%when the price falls by 10%. purchase the
vichka [17]

Answer:

purchase the same amount as before when the price rises by 10%.

Explanation:

A perfectly inelastic demand curve is basically a straight vertical line. This means that the consumers are willing to purchase the goods or services no matter what their price is. In other words, they will keep buying them at any price, up to infinity and beyond. This is not a real scenario, because no product will be purchased at any price that the seller wants.

6 0
3 years ago
What was the most damaging effect of bank failures in the great depression?
dusya [7]

The most damaging effect of bank failures in the great depression was that the peoples lost their jobs that were working in the banks.

<h3>What is the great depression?</h3>

The great depression was the very bad condition of the economy, where there was the fall in the aggregate economy. This phrase started from the year 1929, that continues till 1939.

Many peoples lost their jobs and became unemployed due to the execution of the great depression. The most detrimental effect of bank failures during the Great Depression was that people that worked in banks lost their employment.

Therefore, The great depression was started from the United States and spread to all over the world.

Learn more about the great depression, refer to:

brainly.com/question/17642418

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4 0
1 year ago
Caffeine Coffee Shops, Inc., sells franchises. Caffeine imposes on its fran­chi­sees standards of operation and personnel trai
laila [671]

Answer:

Franchising is a marketing concept of business expansion.

Explanation:

There can be a potential danger or risk to the Caffeine Coffee Shops, Inc. if the shop tries to exercise much control over its franchisees. Imposing too much restrictions and control will lead the liability of the franchisor for the wrongful acts of the employees of the franchisee. The franchisee can even think of breaking the contract or the agreement and may put a clai against the franchisor.

The Caffeine Coffee Shop does not have any defenses, it can claim that the franchisee is trying to breach the agreement against the rules of the agreement. The Caffeine shops have limited liabilities and does not require any shareholder meetings, or board of directors or other management formalities.

Yes it is true that in the franchisee agreement, control as well as liability is to be addressed by framing the agreements and clauses in a manner that will define to what extent the franchisor can have control over the franchisee and what is the level of the liability of the franchisee.

8 0
2 years ago
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