1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oliga [24]
2 years ago
6

Flipco signed a 15​-year note payable on January​ 1, 2018​, of $900,000. The note requires annual principal payments each Decemb

er 31 of 60,000 plus interest at 10​%. The entry to record the annual payment on December​ 31, 2022​, includesA. a debit to Interest Expense for $ 36, 000.
B. a debit to Interest Expense for $ 40, 000.
C. a credit to Notes Payable for $ 80, 000.
D. a credit to Cash of $ 120, 000.
Business
1 answer:
MrMuchimi2 years ago
3 0

Answer:A debit to interest expense for $36,000

Explanation:

interest expense= 800,000-80,000 = 720,000 5% 12/12

You might be interested in
If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if
m_a_m_a [10]

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

7 0
3 years ago
90 + 150 is what <br>a 140<br>b 240<br>c 350<br>d150​
My name is Ann [436]

Answer:

B 240

Explanation:

6 0
3 years ago
Read 2 more answers
Select the examples that best demonstrate likely tasks for Science and Math workers.
Kazeer [188]
A, B, and C would best demonstrate the tasks.
7 0
2 years ago
Zachary, a manager at ExecuComp, receives quarterly reports, which track his department's production statistics. However, these
makkiz [27]

Answer: measuring actual performance

Explanation: Measuring is the first step in the control cycle. Many employment and tasks can be expressed in concrete and observable terms.

Managers often use a number of information sources to assess actual performance, such as personal observations, statistical reports, oral reports, and written reports.

In the given case, Zachary is using a report that lacks relevance relative to the measurement criteria. Hence from the above we can conclude that the correct option is A.

6 0
3 years ago
Read 2 more answers
What is the pattern of 0.03 , 0.3 , 3 , 30
scoundrel [369]
The answer would be 300
4 0
3 years ago
Read 2 more answers
Other questions:
  • By offering a free dog biscuit with each cup of coffee, the Coffee Collective entices customers to visit its shop during the pet
    10·1 answer
  • What is the viability and relevancy of insurance products sold to businesses and individual
    12·1 answer
  • What are closing costs?
    7·2 answers
  • What are the features of a corporation? The chief distinguishing factor of a corporation is its . An investor who purchases stoc
    6·2 answers
  • Compared to a checking account, the rules governing your
    11·1 answer
  • The children slept well ____________________ the noise.
    7·1 answer
  • Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal
    9·1 answer
  • Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-l
    9·1 answer
  • How are delivery drivers able to meet the delivery timelines selected by customers when purchasing products?.
    8·1 answer
  • ritzer argues that the operating procedures perfected (but not originated) by have been duplicated in countless arenas from amus
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!