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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:

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The answer is "no one is completely self-sufficient".

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3 years ago
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Ben Lieber is a waiter at Harbor House, where he receives a weekly wage of $80 plus tips for a 40-hour workweek. Lieber's weekly
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Answer:

$290

Explanation:

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3 years ago
The country in which an International company has its primary headquarters and the larger consumer base is called its
sattari [20]
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7 0
3 years ago
The importance of formal planning in organizations has grown dramatically. Companies have found that they can achieve competitiv
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Explanation:

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8 0
2 years ago
Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20
satela [25.4K]

Answer:

net income during 2019 = $109,045

Explanation:

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3 years ago
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