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Stolb23 [73]
4 years ago
12

On February 1, 2021, a company loans one of its employees $29,000 and accepts a ten-month, 8% note receivable. Calculate the amo

unt of interest revenue the company will recognize in 2021
Business
1 answer:
AysviL [449]4 years ago
8 0

Answer:

Calculation of interest revenue:

Interest revenue = $29,000 x 8% x 10/12 = $1,933

Explanation:

a) Data and Calculation:

Feb. 1, 2021 Loan to employees = $29,000

Ten-month, 8% note receivable

Interest revenue = $29,000 x 8% x 10/12 = $1,933

The note is for 10 months, but the rate of interest is 8% per annum.  After the rate is applied on the loan to get an interest of $2,320, this will then be multiplied by 10 and divided by 12 to get the 10 months interest revenue.  These loans to employees are expected to be repaid by the end of November, 2021 with the interest.

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In general, _____ works best in relatively stable environments where employees can focus on improving the productivity, cost sav
Dennis_Churaev [7]

Answer:

The correct answer is gainsharing.

Explanation:

Gainnsharing plans, also known as shared productivity plans, are characterized by sharing the benefits of improved productivity, reduced costs and / or improved quality. In many of them, plants add shared supplements instead of replacing existing compensation systems.

With such plans, the administration calculates the incentives every month. It is customary for only two thirds of the incentives earned in a given payment period to be distributed. The three shared productivity plans presented are: Scanlon, Rucker and IMPROSHARE. These three productivity plans are flexible in terms of the personnel included in them.

7 0
3 years ago
Examples of business transactions that are measurable in dollars are a.borrowing money b.selling goods and services c.buying goo
PtichkaEL [24]

Answer:

D

Explanation:

When a business borrows money, the amount borrowed is measured in dollar. For example, a business can borrow $10,000. Another business can borrow $1 million.

When goods are sold, money is received in exchange for the sale of the good.

When goods are bought, money is given to the seller in exchange for the good.

7 0
3 years ago
Christopher sold 100 shares of Cisco stock for $5,500 in the current year. He purchased the shares several years ago for $2,200.
alexgriva [62]

Answer:

tax at 15 %  gain = $495

Explanation:

given data

sold = 100 shares

Sale stock = $5,500

purchased shares = $2,200

income tax rate = 24 percent

to find out

how much tax will he pay on this gain

solution

we know here that at long term gain  we have given Sale value  and Cost of stocks

so here total Gain will be

gain = Sale value - Cost of stocks    ...............................1

put here value

gain = Sale value - Cost of stocks

gain = $5,500 - $2,200

gain = $3,300

so here we can say that

tax is 15 %

tax at 15 %  gain = 15 % of $3,300

tax at 15 %  gain = $495

as we know his marginal rate on ordinary gain is above 15%

so that capital gain must be 15%

3 0
3 years ago
For many years, Kellogg's Frosted Flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. Tony the Tige
fomenos
<h3>Hello there!</h3>

Your question asks what Kellogg's is attempting to do.

<h3>Answer: Reposition its product</h3>

The reason why "reposition its product" is the correct answer because Kellogg's is trying to reposition their product in order to make sales. Frosted Flakes was a big time thing for kids, due to the fact that advertisements involved children since Kellogg's target audience were children. Frosted Flakes were pretty much meant for children. Since the product was meant for children, Kellogg's left the people that actually buy the cereal--adults--out of the scene.

Kellogg's releasing advertisements of adults saying how much they loved Frosted Flakes allows viewers to have a thought of going to the store and getting some Frosted Flakes. With the advertisement, they're also trying to target adults because there are a lot of adults in this world, and if they can get adults to buy their product, then their sales will go big. Their goal for the advertisement is to get more sales for the Frosted Flakes product, and they're doing this by having a target audience of adults.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3><h3 />
7 0
3 years ago
A firm is considering an investment in a new advertising project. The project will produce a cash flow of $1,000 in one year and
timofeeve [1]

Answer:

The fact the investment opportunity has a positive cash flow means that the project should be accepted since it is value-adding

Explanation:

We can evaluate the acceptability of the project using the net present value approach. The net present value is the present value of future cash flows discounted at the 11% required rate of return.

Present value=future cash flow/(1+required rate of return)^n

n is the year in which the cash flows are expected, it is 1 for year 1 cash flow and 2 for year 2 cash flow

NPV=$1,000/(1+11%)^1+$15,000/(1+11%)^2-$13,000

NPV=$75.24

6 0
3 years ago
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