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
Anton [14]
3 years ago
13

On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The

note is due in six months. At December 31, Black should record interest revenue of
Business
1 answer:
lorasvet [3.4K]3 years ago
4 0

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

You might be interested in
An advantage of using interchangeable parts is that they
V125BC [204]
I think that its either A or D! hope this helps
5 0
3 years ago
Read 2 more answers
Lena invested her savings in two investment funds. The $6000 that she invested in Fund A returned a 6% profit. The amount that s
Nostrana [21]

Answer:

The amount that Lena will invest in fund B would be $4000.

Explanation:

Given information -

Amount invested in fund A - $6000

Return earned on fund A - 6%

Let us assume amount invested in fund B be x

Return earned on fund B - 1%

Return on both funds together - 4%

Let us assume the total amount of fund invested be ($6000 + x)

Now using simple equation , we will take out the value of x which is the amount invested in fund B -

$6000 X 6% + x X 1% = 4% ( $6000 + x )

= $360 + .01 x = $240 + .04 x

= $360 - $240 = .04 x - .01 x

$120 = .03 x

x = $120 / .03

= $4000.

4 0
3 years ago
What global market-entry strategy did mary kay use when it entered india?
sdas [7]

The global market entry strategy that Mary Kay used when it entered India was the exporting market entry strategy. The priorities of Mary Kay when doing business was God first, family second and career third. In India however it was adapted that faith first, family second and career third.  Mary Kay does this for the purpose of the religion and for the sake of respecting those who practice their religions.


8 0
3 years ago
Read 2 more answers
Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
Rudik [331]

Answer: $92,880

Explanation:

The Gross Profit can be calculated by simply removing the cost from the sales amount.

It is stated that the additional processing will yield 10,000 bags of Premium Green and 3,600 bags of Green Deluxe, which can be sold for $7.55 and $5.55 per bag.

Sales figure is therefore,

= (10,000 * 7.55) + (3,600 * 5.55)

= 75,500 + 19,980

= $95,480

Subtracting the cost to get,

= 95,480 - 2,600

= $92,880

The total gross profit would is $92,880.

7 0
3 years ago
When an item is purchased ,money is exchanged for the to.......
kaheart [24]

Answer:

When an item is purchased ,money is exchanged for the to.......

Explanation:

When an item is purchased ,money is exchanged for the to.......

4 0
2 years ago
Read 2 more answers
Other questions:
  • For a large sporting event the broadcasters sold 66 ad slots for a total revenue of ​$170 million. what was the mean price per a
    10·1 answer
  • A business that incorporates must file a document with the state, which includes a description of the business activities, the s
    8·1 answer
  • Why is it often difficult for a new supervisor or manager to be promoted from within? What specific challenges often accompany t
    11·1 answer
  • Merith Qin, a textile company, relies on self-funding in order to sustain the promotion of its new product in the market. The co
    7·1 answer
  • You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt
    5·1 answer
  • What is the key to all conditional clauses?
    6·1 answer
  • Allowance Method of Accounting for Bad Debts— Comparison of the Two Approaches. Kandel Company had the following data available
    11·1 answer
  • In open economies, A. countries can save only by acquiring foreign wealth. B. investment always refers to the domestic stock mar
    8·1 answer
  • In 2007, the Federal Reserve began buying greater quantities of Treasury bonds than usual. What was the intent of this decision
    5·1 answer
  • Determine the interval(s) on which the function is increasing and decreasing. (enter your answers using interval notation. if an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!