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Vlad [161]
3 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]3 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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G. Discuss 3 reasons why governments support business start-ups.
BigorU [14]

Answer:

Supporting them means giving the innovation economy a better chance to find solutions. Startups disrupt, transform and better old ideas and create new ones. By doing so they create new markets and opportunities which in turn create more jobs and improve people's lives.

4 0
3 years ago
An item was shipped from a supplier under FOB shipping point. The invoice in the amount of $2,000 included payment terms of 2/10
Norma-Jean [14]

Answer:

Cost of inventory = $2,410

Explanation:

<em>The payment terms 2/10, n/30 implies that if the Company pays within te next 10 days of purchase, it will receive a discount of 2% of the net invoice amount and that the latest date for the settlement of bill is within the next 30 days of purchase. </em>

The cost of the inventory would be the sum of the next purchase cost , shipping charges, storage fees and insurance fee

Net purchase cost net of discount =  2,000 - 40= 1,960

Cost of inventory= 1,960 + 300 + 50 +100 =$2410

Cost of inventory = $2,410

6 0
3 years ago
Global businesses with a narrow product line or a highly integrated product mix, such as aircraft manufacturers or oil and gas f
blagie [28]

Answer:

functional organizational structure

Explanation:

A functional organizational structure organizes employees by grouping them according to their skills, specialties and knowledge (e.g. marketing, finance, engineering departments). They are usually vertical organizations, where each department is semi-independent from the rest, and the heads of the departments report directly to upper management (CEO, CFO, COO).

8 0
4 years ago
Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P5. If something ha
Marina86 [1]

Answer:

The correct answer is P3, Q3.

Explanation:

Once the market has reached its equilibrium, one may ask: what happens if there is an increase in demand? First, this would shift the demand to D ’, raising prices because the offer (at least for now) is already determined. This price increase allows the generation of profits, in point 1. However, it forces the offer to the right (S ’), reaching a balance in E2, where our company produces the same initial amount.

5 0
3 years ago
you present to your stakeholders, and they express concern about how your results compare to previous results. which kind of obj
PtichkaEL [24]

Presenting to your stakeholders, and they express concern about how your results compare to previous results. This kind of objection they are making is findings analysis.

Stakeholders include any people or organisations that are impacted by a project, initiative, policy, or organization—whether in a positive or bad way. Individuals who work for your business could be internal or external (people outside of your organization).

Those with a stake in a company and the potential to influence or be impacted by it are called stakeholders. Typically, a corporation's investors, staff, customers, and suppliers make up its main stakeholders.

A stakeholder's primary duty is to contribute their knowledge and viewpoint to a project in order to help the business realise its strategic objectives.

To know more about Stakeholders visit:

brainly.com/question/29555209

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3 0
1 year ago
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