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vitfil [10]
3 years ago
13

Record the following LO 6 note receivable transactions in the journal of Mediterranean Services. How much interest revenue did M

editerranean earn this year? Use a 365-day year for interest computations, and round interest amounts to the nearest dollar. Mediterranean Services has a December 31 fiscal year-end Loaned $21,000 cash to Brandy Shields on a one-year, 10 % note . Performed service for Lawn Pro, receiving a 90-day, 9 % note for $5,000. Received a $4,000, six-month, 11 % note on account from Peabody Company Accrued interest revenue for the year. Oct Dec 6 16 31
Business
1 answer:
nekit [7.7K]3 years ago
6 0

Answer:

578.22

Explanation:

Oct 1st     $  21,000 at 10%

Dec 6th   $   5,000 at   9%

Dec 16th  $   4,000 at   11%

Principal x rate x time = interest

being rate and time expressed in the same metric.

21,000   x 0.10  x (31 + 30 + 31)/365 = 529.3150685

 5,000  x 0.09 x (31-6)/365 = 30.82191781

 4,000  x 0.11   x (31 - 16)/365 = 18.08219178

Total interest accrued: 578.2191781

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A distribution of scores that is positively skewed will have a small number of scores that:
PilotLPTM [1.2K]

Answer:

A distribution of scores that is positively skewed will have a small number of scores that are very high.

Option C is correct.

Explanation:

A distribution is said to be normal if the value of skewness is equal to zero, this type of distribution is symmetric.

However, if the skewness value is less than zero, then the distribution is negatively skewed and if the skewness value is greater than zero then the distribution is positively skewed.

For a positively skewed distribution, the tail is elongated downward, and the mean value is greater compared with median and mode. Hence, the observations are extremely high and the mean is distributed upward.

4 0
3 years ago
disadvantages of the structure include organizational complexity, increased administrative costs, slow decision making, and diff
Sophie [7]

A company's organizational structure is the hierarchy that defines its management and communications. The disadvantages of organizational structure include lopsided management lines, increased bureaucracy, slowed communications, and increased inflexibility.

<h3>What exactly is an organizational structure?</h3>

A system that defines how specific activities are directed in order to achieve an organization's goals is referred to as an organizational structure. Such activities include rules, roles, and responsibilities.

  • Many of the problems with using a simple organizational structure revolve around the workload of the owner or the person at the top. If the owner of a company is required to approve every decision, he may become overworked.
  • The three main organizational structures are hierarchical, sequential, and matrix.

Hence, the organizational structure of a company is the hierarchy that defines its management and communications. Organizational structure disadvantages include lopsided management lines, increased bureaucracy, slowed communications, and increased inflexibility.

To learn more about organizational structure refer to:

brainly.com/question/2636977

#SPJ4

8 0
1 year ago
Which of the following is true of taxes and subsidies? Group of answer choices Politicians like to levy taxes, but they are relu
Vadim26 [7]

Answer: If you tax something, you will get less of it; if you subsidize an activity, you will get more of it

Explanation:

Taxes are the levy that governments impose on people or firms. Subsidies are financial aid to companies in order to boost production and reduce price.

It should be noted that if you tax something, you will get less of it; if you subsidize an activity, you will get more of it. For example of an income is taxed, the owner of the income will geta lesser amount as tax will be removed.

6 0
3 years ago
Jazz Corporation owns 50% of the Williams Corp. Stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s
Elden [556K]

Answer:

$6,500

Explanation:

Calculation for the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp

Based on the information given we were told that the Jazz's Corporation owns part of Williams Corp. stock which is 50% in which Williams Corp. stock distributed the amount of $10,000 dividend to Jazz Corporation which means that Jazz Corporation share in Williams stock is higher than 20% and as well lower than 80% based on this Jazz Corp.'s will be entitled to dividend received deduction of 65% calculated as:

Dividends received deduction =$10,000 × 65%

Dividends received deduction=$6,500

Therefore the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp will be $6,500

7 0
3 years ago
A class of stock for which there is no minimum legal capital is called?
Ann [662]
The answer would be D noncumulative stock.
6 0
3 years ago
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