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3 years ago

Select the correct answer.

Business

2 answers:

masya89 [10]3 years ago

6 0

Answer:

A. Danielle has joined a public speaking class to improve her pronunciation.

Explanation:

inna [77]3 years ago

4 0

Answer:

the answer is A

Explanation:

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Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the

artcher [175]

Answer:

a. Journal Entry on September 1st, 2019:

Dr: Cash/ Bank $50,000

Cr: Short Term Loan $50,000

b. Journal Entry to accrue interest on December 31st, 2019 is:

Dr: Interest Expense $1,333.33

Cr: Accrues Interest Expense $1,333.33

c. Interest Expense on March 31st, 2020 is :

$1,000

d. The Total cash company will pay back on March 31st 2020:

52,333.33 (50,000 principal + 2,333.33 interest)

Explanation:

b. Annual Interest is $50,000×8% = $4,000 per annum.

The annual interest rate is prorated for 4 months (Sept 2019 -Dec 2019)

$4,000 *4/12 = $1,333.33

c. Interest expense for next fiscal year up till March 2020 is calculated by prorating annual interest expense for 3 months (Jan 2020- Mar 2020)

$4,000×3/12 = $1,000

8 0

3 years ago

State the importance of direct production?

ElenaW [278]

Answer: Direct production makes it easier for comapanies to keep track of their production.

Explanation:

3 0

3 years ago

Maple Company purchases new equipment (7-year MACRS property) on January 10, 2020, at a cost of $430,000. Maple also purchases n

soldier1979 [14.2K]

Answer:

$720000

Explanation:

This answer is quite sole and can be obtained by simple addition.

The answer to this question can be gotten by adding the MACR property of 8byears that has a cost of $430,000 with the purchases of new machines whose cost is $290000.

= $430000 + $290000

= $720000

Therefore Maple's total MACRs deduction for the year 2020 is equal to

$720000.

Thank you!

4 0

3 years ago

Marketers particularly want their brands and products to be in consumers' __________ sets. select one:

sasho [114]

I think the most appropriate answer would be D.

I hope it helped you!

8 0

3 years ago

A young couple wants to have a college fund that will pay $35,000 at the end of each half-year for 8 years. (a) If they can inve

Monica [59]

Answer:

$6,046.40

Explanation:

First, find the PV of the $35,000 withdrawals annuity at the time of last investment(end of 18 years). This can be solved with a financial calculator using the following inputs;

Recurring semiannual withdrawals; PMT = 35,000

Total duration of withdrawals; N = 8*2 = 16

Semiannual Interest rate; I/Y = 7%/2 = 3.5%

One time cashflows ; FV = 0

Compute present value; PV(at yr18) = $423,294.088

Next , use the $423,294.088 as your FV goal at the end of year 18.

Future value at yr18; FV = $423,294.088

Total duration of deposits; N = 18*2 = 36

Semiannual Interest rate; I/Y = 7%/2 = 3.5%

One time cashflows ; PV = 0

Compute recurring payment; PMT = 6,046.402

Therefore, they need to invest $6,046.40 at the end of each 6-month period.

7 0

3 years ago