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REY [17]
3 years ago
9

Mission Corp. borrowed $50,000 cash on April 1, 2016, and signed a one-year 12%, interest-bearing note payable. The interest and

principal are both due on March 31, 2017. The amount of interest expense for the year ended December 31, 2016 is: Group of answer choices $6,000. $4,500. $1,500. $4,000.
Business
1 answer:
ikadub [295]3 years ago
8 0

Answer:$4,500---B, ie the 2nd option

Explanation:

From April to December we have 9 months

Interest Expense is given as Loan x Interest Rate x duration

Interest Expense = 50000 x 12% x 9/12 =

50,000x 0.12x9/12= $4,500

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A 6.5 percent coupon bond with 14 years left to maturity is priced to offer a 7.2 percent yield to maturity. You believe that in
olasank [31]

Answer:

The correct answer is : 35.49

Explanation:

Calculation of the current bond price:

N = 28, I = 3.6, PMT = 32.50

FV = 1,000; CPT PV = -938.89

Calculation of the price in one year:

N = 26, I = 3.4, PMT = 32.50,

FV = 1,000; CPT PV = 974.38

So, the dollar change in price is:

$974.38 - $938.89 = $35.49

5 0
3 years ago
Who will bear the incidence of the tax? suppose the government imposes a tax on three products with differing demand elasticitie
Maksim231197 [3]
If the price elasticity of demand is inelastic, then the incidence of tax will be greater on consumers, as producers can shift most of the tax on them by raising prices. Whereas if it was elastic, then it would be producers.
6 0
3 years ago
According to keynesianism, as more items are being made, what happens to prices?
kupik [55]

<u>According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same</u>

Explanation:

Keynes advocated that an increased government expenditures and lower taxes can  stimulate demand and it can pull  the global economy out of the depression.

Keynesians believe that, because prices are somewhat rigid, fluctuations in any component of spending like consumption, investment, or government expenditure will cause the output to change. If government spending increases, for example, and all other spending components remain constant, then output will increase.

<u>According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same</u>

5 0
3 years ago
Read 2 more answers
Target is seeking a new distribution system because A. competition from Amazon and Walmart is intense. B. it needs to speed up r
podryga [215]

The target is exploring a new distribution strategy aimed at speeding up re-cutting and making the seller more inclined as they compete with competitors such as Amazon and Walmart.

<h3>What new distributive strategy Target is focusing on?</h3>

Target is trying a new strategy to distribute products in its stores. The aim is to integrate the target completion cycle from days to hours and to reduce the number of goods in stores.

The center sends small items and often to stores while using the same inventory to fill online orders.

Thus, the correct statement is Option B.it needs to speed up restocking.

Refer distributive strategy for more details,

brainly.com/question/5575565

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6 0
2 years ago
Of the following companies, which one would not likely employ the specific identification method for inventory costing?
Schach [20]

Answer:

The correct answer is D

Explanation:

Specific identification method of inventory is the method which helps in finding the ending cost of the inventory. And this method need the detailed physical count, as it helps the company in making or knowing how many goods brought on particular dates which is remained at the end of the year inventory.

Under this method, the companies which could adopt this method, are antique shop, farm implement dealership and music store.

3 0
3 years ago
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