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Sidana [21]
3 years ago
14

On October 1, 2012, Vero Beach Financial lent Morgan Corporation $600,000, receiving in exchange a nine-month, 12% note receivab

le. Vero Beach Financial ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Morgan Corporation during 2013 will amount to:_______
Business
1 answer:
adell [148]3 years ago
7 0

Answer:

$36,000

Explanation:

Data provided as below:-

Received amount = $600,000

Notes receivable percentage = 12%

Receiving in exchange = Nine-month

From 1 Oct to 31 Dec = 3 Months

The computation of interest earned is shown below:-

Interest Earned = Received amount × Notes receivable percentage × Number of months

= $600,000 × 12% × 6 ÷ 12

= $600,000 × 12% × 0.5

= $36,000

So, we have applied the above formula to compute the interest earned.

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BP ignored some safety regulations in order save $1 Million per day on the Horizon Deep Water Drilling Platform. How much did th
aleksklad [387]

Ignoring some safety regulations in order save $1 Million per day. The amount that  those violations end up costing the company is $100 Billion.

<h3>What is safety regulation?</h3>

Safety regulation can be defined as a set of rules and regulation that an employees are mandated to follow so as to prevent work hazard.

Based on the given scenario ignoring the safety regulation so as to save $1 million per day  will cost the company $100 Billion.

Which is why companies made it compulsory for employees to follow the saftey standard set so as to ensures that employees work in a safe and conducive environment .

Inconclusion the amount that  those violations end up costing the company is $100 Billion.

Learn more about Safety regulation here:brainly.com/question/8430576

4 0
2 years ago
Which fast food chain did forrest and leroy raffel start in 1964?
Nikitich [7]

They started Arby's. Thank you for coming to brainly and I hope I was able to answer your question.

3 0
3 years ago
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase
kipiarov [429]

Answer:

Yes

Explanation:

The 0.01 percent of the deviation plus the 0.01 percent of the sales average is not enough to get to the $6,300 daily, which means that the factor of the increase sales is the advertising campaign.

4 0
3 years ago
Ginny, a licensee, uses a preprinted contract in Tim's purchase of a new loft apartment. There is a discrepancy in the contract
777dan777 [17]

Answer:

The handwritten clause generally supersedes the preprinted clause.

Explanation:

5 0
3 years ago
Public saving is negative when:A. there is a government budget surplus.B. there is a government budget deficit.C. the government
m_a_m_a [10]

Answer: Option (B) is correct.

Explanation:

Public saving refers to the tax revenue amount that a government left with after paying for its expenditure or spending.

Public saving = Tax revenue - Spending

Private saving refers to the after tax income of the individuals after paying for their consumption and taxes.

Suppose there is a government budget deficit, in this situation government's expenditure is greater than government's receipts. This means that tax revenue is not enough to pay out its expenditure.

Therefore, this will lead to negative public savings.

3 0
3 years ago
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