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
melisa1 [442]
3 years ago
6

On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $21 million

Business
1 answer:
NemiM [27]3 years ago
7 0

Answer: First Bank Corp journal $

August 1 2018

1.Trico Dr 21m

Creditor Cr. 21m

Narration. Issuance 21m, 9%, 6 months promissory note to Trico

Dec 31 2018

2. Trico Dr. 1,890,000

Interest income Cr. 1,890,00

Narration Interest payable on promissory note to Trico

December 31 2018

3 Bank Dr22,890,000

Trico. Cr. 22,890,000

Narration. payment of promissory notes and interest due on maturity.

You might be interested in
How important is structure/culture compared to the other primary internal considerations for a strategic plan?
ZanzabumX [31]

Explanation:

The organizational structure and culture are essential for the design of a strategic plan aligned with the organization's purpose.

What happens is that the structure and culture of an organization constitute its identity, its way of organizing itself and creating an environment designed to obtain the objectives and goals stipulated by strategic planning. So it can be said that there is no way to develop a strategic plan without considering the structure or culture, because it is through these two variables that action plans are developed and modeled according to what the company is, and what it plans to be in the future. All organizational systems must be foreseen in the planning and be developed with the same degree of importance, because together they form the organizational whole that will lead a company to be well positioned in the market, achieve continuous improvement in its processes, achieve competitive advantage in the market, etc.

7 0
3 years ago
Let’s suppose you would like to buy a home for $250,000. But like most U.S. citizens, you don’t have enough cash on hand to pay
noname [10]

Answer:

1. Calculate the monthly payment for a 30-year mortgage loan.

we can do this by using the present value of an annuity formula

the loan's interest rate is missing, so I looked for a similar question and found that it is 6%

present value = monthly payment x annuity factor

monthly payment = present value / annuity factor

  • present value = $200,000 (loan's principal)
  • PV annuity factor, 0.5%, 360 periods = 166.79161

monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>

2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.

total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>

8 0
3 years ago
Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y. Both stocks have return of 15%, betas of
NARA [144]

Answer:

B) Your portfolio has a beta equal to 1.6, and its expected return is 15%

Explanation:

Since the correlation coefficient between both stocks X and Y is zero, when one stock has an expected return a little higher than 15%, the other stock will have an expected return a little lower than 15%, so both variations basically cancel out each other. So the average expected return for both X and Y will be 15%.

7 0
3 years ago
cyber security systems had sales of 3,700 units at $75 per unit last year. the marketing projects of a 10 percent increase in un
jasenka [17]

Answer:

$393,162

Explanation:

Units sold last year were 3,700

the projection for this year is an increase of 10% in volume.

projected units sales for this year will be

=110% of 3,700

=1.1 x 3,700

=4,070 units

The selling price last year was $75.

projected price this year is an increase by 40%

price for this year will be 140% of $75

=140/100 x $75

=1.4 x $75

=$105

Projected sales in dollar will be sales volume x selling price

= 4070units x $105

=$427,350

Purchase return = 8% of projected sales in dollars

=8/100 x  $427,350

=34,188

Net projected sales

= $427,350 - $34,188

=$393,162

6 0
3 years ago
Suppose the government in your city imposes a $0.50 excise tax on gasoline. the burden of this tax falls on:_____.
MAXImum [283]

Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.

Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.

Learn more about the burden of this tax here.

brainly.com/question/28202762

#SPJ4

4 0
2 years ago
Other questions:
  • If a marketing manager queries a marketing information system to determine the effect of three different levels of price for a n
    14·1 answer
  • ​Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the compar
    5·1 answer
  • This was not a "true" operating system, but rather an operating environment.
    11·1 answer
  • It is calculated that the workstation cycle time is 80 seconds. The theoretical minimum number of workstations needed is 4 stati
    6·1 answer
  • You deposited​ ($1,000) in a savings account that pays 8 percent​ interest, compounded​ quarterly, planning to use it to finish
    14·1 answer
  • Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure co
    14·1 answer
  • A company set up a petty cash fund with $800. The disbursements are as follows:
    14·1 answer
  • The motion study chart that describes the movements of both hands at the same time is a: Multiple Choice simo chart. gang proces
    9·1 answer
  • increases in government spending are not very effective in offsetting real shocks because they shift the:
    6·1 answer
  • Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is:_____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!