1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mkey [24]
3 years ago
13

Jane and Bart organized food truck business- Just Best Food Inc (JBF Inc.). JBF Inc. decided to follow accrual method of account

ing. JBF Inc. borrowed $8,000 from the bank on November 1, 2015. The note had a 5 percent annual rate of interest and maturity on April 30, 2016. Yes, it was a short-term debt. Interest and principal were paid in cash on the maturity date. What total amount of cash was paid to the bank on April 30, 2016, for principal and interest

Business
1 answer:
Rashid [163]3 years ago
5 0

Answer:

Answer is option C i.e $200

Explanation:

You might be interested in
Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. h
babunello [35]
It would be 610.32 . My teacher helped me with that one
4 0
3 years ago
Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes
Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0
3 years ago
Glenda runs a flower delivery service with six people. Quite recently, the business has started suffering and there has been an
ankoles [38]
B. Employees can brainstorm to find causes and possible solutions
7 0
2 years ago
Read 2 more answers
TRUE OR FALSE FOR BRAINLIEST ANSWER, I'LL REPORT IF WRONG When one party substantially performs, the other can demand full perfo
Luda [366]

Answer:

true

Explanation:

3 0
3 years ago
Snow Cap Company has a unit selling price of $250, variable costs per unit of $170, and fixed costs of $160,000. Compute the bre
snow_tiger [21]

The break-even point in units using the mathematical equation  is 2,000 in units and the unit contribution margin is 80 per unit.

<h3>Break even points in units</h3>

a. Break-even point in unit

Using this formula

Break-even point in unit=Fixed cost/(Selling price-Variable cost)

TC = FC + VC

Sales - TC = Net Income

Sales - TC = 0

Sales - FC - VC = 0

2500(Q)-160,000-170(Q) = 0

80(Q)-160,000 = 0

80(Q)=160,000

Q=160,000/80

Q=2,000 break-even in units

b. Unit contribution margin

Unit contribution margin = Selling price- Variable cost

Unit contribution margin= $250 - $170

Unit contribution margin =$80 per unit

Inconclusion the break-even point in units using the mathematical equation  is 2,000 in units and the unit contribution margin is 80 per unit.

Learn more about break-even point here:brainly.com/question/9212451

8 0
2 years ago
Other questions:
  • A negative relationship between the quantity demanded and price is called the law of ________.
    8·1 answer
  • An energy efficiency project has a first cost of $400,000, a life of 10 years, and no salvage value. Assume that the interest ra
    14·1 answer
  • Paul is a very driven person who believes his effort and attitude determines everything. Paul_ 1. believes in the protestant wor
    8·1 answer
  • Storico Co. just paid a dividend of $1.85 per share. The company will increase its dividend by 24 percent next year and will the
    6·1 answer
  • Stellar Company sells goods that cost $309,500 to Record Company for $415,500 on January 2, 2020. The sales price includes an in
    8·1 answer
  • Market failure associated with the free-rider problem is a result of Group of answer choices a problem associated with pollution
    10·1 answer
  • Fitness is the measure of ____________ and ability to produce more ________
    5·1 answer
  • Jackie's Creamery sells​ fudge, caramels, and popcorn to consumers in the local community. The manager at the creamery sold 12 c
    14·1 answer
  • 2
    8·2 answers
  • The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!