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NeTakaya
4 years ago
10

On January 8, Lee Co. borrows $100,000 cash from National Bank by signing a 90-day, 6% interest-bearing note. On April 8, Lee Co

. will pay National Bank a total of $101,500. The difference between the amount paid back to National Bank of $101,500 and the amount borrowed of $100,000 (or $1,500) represents ......
Business
1 answer:
saw5 [17]4 years ago
6 0

Answer:

Interest expense

Explanation:

Interest expense is the cost of using debt financing. It is the extra amount repaid together with the principal amount. Interest expense represents the cost of borrowing funds.

Interest expense is calculated as a percentage of the principal amount per period, usually a financial year. Interest expense is a non-operating cost. If it's too high, it affects profitability adversely. Interest rates are a major determinant of interest expense. Firms and households pay to attention to the interest rates before borrowing due to its direct impact on the interest expense.

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Which of the following was proposed by Alexander Hamilton in 1792 and is by far the oldest economic argument for government inte
anzhelika [568]

Answer: Infant Industry.

Infant Industry is when they has been an argument against a competitor. In this case, Alex is in a argument with the government - the government would be the competter in this case. Therefore, we have Infant Industry as our final answer.

4 0
4 years ago
Read 2 more answers
While walking down a street, Jonathon accidentally bumps into Jessica who is highly aggressive. She starts yelling at him and hi
RoseWind [281]

Answer: Hostile attributional bias.

Explanation: Hostile attributional bias means when someone easily interprets an unintentional mistake or actions of others to be actions of violence against them.

People with this character of hostile attributional bias tends to easily misinterpret situations and are always eager to quarrel or fight others on slight provocations.

Jessica in the question, possesses the character of hostile attributional bias.

3 0
3 years ago
orrugated Company currently produces cardboard boxes in an automated process. Expected production per month is 40,000 units. The
Alja [10]

Answer:

$36,000 and $30,000

Explanation:

Corrugated company deals in the production of cardboard boxes

The expected production for each month is 40,000 units

The direct material cost is $0.30 per unit

The manufacturing fixed overhead costs are $24,000 for each month

Therefore, the flexible budget for the production of 40,000 units and 20,000 units can be calculated as follows

Flexible budget for 40,000 units

= 0.30×40,000+24,000

= 12,000+24,000

= $36,000

Flexible budget for 20,000 units

= 0.30×20,000+24,000

= 6,000+24,000

= $30,000

Hence the flexible budget for 40,000 units and 20,000 units are $36,000 and $30,000 respectively

8 0
3 years ago
_____ 24. Audrey Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. F
creativ13 [48]

Answer:

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

Explanation:

Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.

The formula is:

SandA COST= 47900+52*Q

For April they planned to sell 6000 units.

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

If the formula is accurate the real cost of selling and administration is:

47900+52*5960=$357,820

7 0
3 years ago
Suppose that real GDP equals $10 trillion, nominal GDP equals $20 trillion, and the aggregate price level equals 2.
Archy [21]

Answer:

b) $10 trillion

Explanation:

Price level = NGDP / RGDP = 2

NGDP / RGDP = 2

As per the quantity theory of money,

MV = PQ

M.(2) = 20

M = 10 trillion

Therefore, The  money supply is $10 trillion.

4 0
3 years ago
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