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Tanya [424]
3 years ago
8

New-Tech Corporation borrowed $20,000 from the bank on March 1, 2011. The note carried a 9% annual interest rate and a 1-year te

rm to maturity. The company paid the principal and the interest in cash on the maturity date. What amount of interest expense will New-Tech Corporation show on its 2011 and 2012 income statements? 2011 2012 a $ -O- $1,800 b. $1,800 $ -O- $1,500 $ 300 d. $1,350 $ 450
Business
1 answer:
faust18 [17]3 years ago
8 0

Answer:

The correct answer is:

$ -O- $1,800 (a)

Explanation:

Principal = Amount borrowed = $20,000

interest rate = 9% = 0.09

Time = 1 year

Simple Interest = Principal × Rate × Time

Simple Interest = 20,000 × 0.09 × 1 = $1,800.

Next, we are asked to show how interest expense will appear  in 2011 and 2012 income statements respectively. First note that the 2011 interest expense will be recorded as $0 because that was the year in which the money was borrowed, and it was not paid back until 2012. In 2012, the interest and principal was paid back, and from the calculation, the interest paid was $1,800.

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Answer:

True

Explanation:

A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange

Characteristics of A publicly owned corporation

  • Limited liability. the liability of owners are limited to the amount invested
  • Central management. The company is manged by board of directors and managers and not the shareholders
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3 years ago
4. If you were going to spend more on marketing, which product would you<br> emphasize and why?
Sergeu [11.5K]

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Pastries

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The marketing in pastries is mandatory as is the slow mover of the products line. The 10.8% participation in the total of sales depict a loss of margin therefore this product needs marketing to improve the sales share.

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Shania offers to sell her lakefront property to Tonya for $150,000, and Tonya agrees to buy it. Tonya and Shania both sign the r
Lina20 [59]

Some of the likely things which a court would do if Tonya sues to enforce the contract are:

  • 1. X not enforce the contract, because people are free to choose to whom they sell their property.
  • 2. award monetary damages to Tonya.
  • 3. require Shania to go through with the sale.
  • 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.

<h3>What is a Contract?</h3>

This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.

With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.

In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.

Read more about contract here:

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When it comes to saving money, what is a good rule of thumb
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Buy what u need when u need it not what u want when u want my dad always said

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the Toyota production system identified product defects types of waste to be eliminated.

The manufacturing process used by Toyota Motor Corporation to produce its vehicles is frequently referred to as a "lean manufacturing system" or a "Just-in-Time (JIT) system," and it is now well known and extensively researched.

The Toyota Production System (TPS) was developed based on two ideas: "jidoka" (loosely translated as "automation with a human touch"), whereby when a problem arises, the machinery immediately stops, preventing the production of defective goods; and the "Just-in-Time" idea, whereby each process only produces what is required for the subsequent process in a continuous flow.

For Toyota, jidoka signifies that anytime an irregularity happens, a machine must stop in a safe manner.

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11 months ago
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