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lyudmila [28]
3 years ago
9

West Company borrowed $36,000 on September 1, 2016 from the Valley Bank. West agreed to pay interest annually at the rate of 6%

per year. The note issued by West carried an 18-month term. Based on this information the amount of interest expense appearing on West's 2016 income statement would be:a. $0 b. $234 c. $585 d. $780
Business
1 answer:
Illusion [34]3 years ago
5 0

Answer:

$720

Explanation:

Given that,

Principal = $36,000

Rate = 6% per year

Note issued by West carried an 18-month term.

Time period: 1st September to December = 4 Months

Interest expense = Principal × Rate × Time period

= 36,000 × 6% × (4 ÷ 12)

= $720

Therefore, the amount of interest expense appearing on West's 2016 income statement would be $720.

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Bank Robbery. Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who capture
laiz [17]

Answer:

E. Ursula is likely to prevail because an enforceable unilateral contract exists based on her provision of information leading to the capture of Victor.

Explanation:

A unilateral contract is in existence because safe bank has made an offer to pay $10,000. And in a unilateral contract when an offerer like safe bank makes an offer, the offer is accepted through actual performance which Ted has done through information Ursula provided. Therefore Ursula would prevail because unilateral contracts are enforceable by the law.

4 0
3 years ago
Sylvestor Systems borrows $107,000 cash on May 15 by signing a 60-day, 6%, $107,000 note.
sladkih [1.3K]

Answer:

14th July

Explanation:

The computation of the maturing date of the note is calculated below:

The Sylvestor Systems borrows the amount of $107,000 on May 15 at a 6% interest rate and the mature days of the note are 60 days  

So, the maturity date would be

= 16 days in May month + 30 days in June month 14 days in July month

Therefore, the note is matured on 14th July

We simply calculated the 60 days from May to July months

3 0
3 years ago
Consumer surplus is greater than producer surplus when the demand curve is ____; producer surplus is greater than consumer surpl
mash [69]

When the price at which items are sold exceeds what it costs businesses to produce those goods, there is a producer surplus. The region to the left of the quantity sold, below the price, and above the supply curve is known as the producer surplus.

Consumer surplus is represented by a horizontal line drawn between the y-axis and demand curve and is defined as the region below the downward-sloping demand curve, or the amount a consumer is prepared to spend for certain quantities of an item, and above the actual market price of the good.

Producer surplus decreases when the equilibrium price falls. The producer surplus is intimately correlated with changes in the demand curve. Producer surplus rises as demand rises. Reduced demand results in reduced producer surplus.

To learn more on equilibrium price

brainly.com/question/21329957

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3 0
2 years ago
I need help please??
IRISSAK [1]

At the Warren Technology center there is constant use of participative counseling towards workers. The company also is in charge of providing health care, dental plan expenses, food bonuses and money bonuses in short periods of 3-4 months. Workers inside Warren Technology enjoy their work; many paid employees affirm that the supervisors and managers are strict but friendly and they enjoy the presence of other workers. Also, participative counseling is mostly used inside the work place. Many employees that work inside the factory have sometimes family issues, things they would like to get off their chest, unresolved issues, etc. So, imposing inside Warren Technology a healthy and active “participative counseling” area, workers can be more productive, be sane, and mentally stabilized. Many workers at Warren Technology are Latinos and Americans. Both cultures differ a lot in terms of family matters, internal relationships, morals, etc. For example: a typical Latino family matters are “We don’t have enough money”, “There are too many people living inside the household”, “The church we go to make us pay a lot of money just to attend a sermon”, “My son/daughter is out of control, they have become rebellious and we need to give them more discipline”, “My mother/father won’t stop nagging”. American culture problems are usually more different. For example: an American will usually say “My wife and I don’t give each other as much love as we used to”, “The kids are all grown up and out of the house”, “I am so depressed and lonely”, “I need a partner”, etc. By providing competent and experienced personnel the workers feel more lifted in spirit, they enjoy their work more, and are glad they have a free service that can listen to their problems and give solemn positive and professional advice. Managers and supervisors from Warren Technology keep their eyes alert to see if any worker may feel down or may be in need of some emotional type of assistance. Once a manager or supervisor notices a pattern that is continuous they send the worker into participative counseling to help with their problems. While counseling the counselors need to make sure not to get too attached to the workers and employees, they need to maintain a distance so they won’t get emotionally attached to the employees that may come in or out of the office very frequently. A security agreement can sometimes be made in order to keep the workers case a secret, for personal records or sometimes it can be sold with the consent of the worker in order to give it to study labs and research facilities. A development plan is made between managers/supervisors and the staff who work as counselors in order to see what the workers need, how to make the job easier for everyone, and most importantly the way to help workers in the most efficient and effective way possible. Feedback mechanisms are also provided but in order to organize problems, projects, etc. Both employees and counselors need to cooperate together in order to make things fair and easier for everyone working inside Warren Technology. The same I myself would like to follow these same processes and procedures just as Warren Technology provide since they are very effective as well as productive and efficient and all the workers are very joyful and happy to work in this particular environment no matter in what department they are supposed to work in.

Hope this helps you :)

8 0
3 years ago
Once a document conveying an interest in real property is placed in the public records it is binding on the public, whether or n
asambeis [7]

Answer:

b. doctrine of constructive

Explanation:

According to the doctrine of constructive, the company or the people under the provisions of the companies law should have the knowledge of memorandum of association and the article of association but there is an exception towards the indoor management

Here in the given situation, represents the doctrine of constructive scenario

Hence, the correct option is B.

8 0
3 years ago
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