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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

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Answer:

The Hi-Stakes Company

a. If the direct exchange rate increases, the dollar strengthens relative to the other currency.

b. If the indirect exchange rate increases, the dollar also strengthens relative to the other currency.

Explanation:

When the exchange rate increases, it means that more of the other currency is required in order to embark on importing and exporting transactions.  However, the increases will weaken the ability of the importing currency to afford the dollar-based goods, which have then being made more expensive.

3 0
3 years ago
describe some similarities and differences among broker-dealer networks, alternative trading systems (ats), and registered stock
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However, unlike exchanges,  ATS has no members (ATS has "subscribers") and has no regulatory liability. An ATS can trade listed stocks like a stock exchange, but unlike a stock exchange, an ATS can also trade unlisted stocks (also known as OTC stocks) and fixed income securities such as bonds.

The main similarity between broker-dealer networks, alternative trading systems, and registered stock exchanges is that they are all some kind of market for  buying and selling  securities, either stocks or bonds.

What are alternative trading systems(ATS)?

An Alternative Trading System (ATS) is an SEC-regulated electronic trading system that matches orders between buyers and sellers of securities.  ATS is not a domestic stock exchange. However,  ATS can apply to the SEC to become a domestic stock exchange.

What is a registered stock exchange?

A registered stock exchange that has filed and approved a registration statement with the SEC. All major US stock exchanges  are registered with the SEC under the Securities Exchange Act of 1934.

To know more about ATS and Registered stock exchange visit here:

brainly.com/question/17320981

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5 0
1 year ago
The consumer sector is the largest part of the macroeconomy. Please select the best answer from the choices provided T F
cricket20 [7]
The answer is true bc businesses depend on consumers buying their product
5 0
3 years ago
Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 10,000 Purc
sleet_krkn [62]
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3 years ago
Which concept is NOT basic to definition of economics?
olga2289 [7]

Answer:

No Consistir en el valor total de la producción corriente de bienes y servicios finales dentro del territorio nacional durante un período de tiempo que, generalmente, es un año .

Explanation:

Si no te sirve me dice

5 0
2 years ago
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