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ch4aika [34]
4 years ago
10

On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $15,000. What amount of interest expense

is accrued at December 31 on the note? (Use 360 days a year.)
Business
1 answer:
Veseljchak [2.6K]4 years ago
7 0

Answer:

The $75 amount of interest expense is accrued at December 31 on the note.

Explanation:

The interest expense amount which is accrued at December 31 is shown below:

= Face value ×  interest rate × months ÷ total number of months

= $15,000 × 6% × 1 ÷ 12

= $75

where,

total number of months is 12 in a year

And, for 1 month we have to compute the accrued interest expense. The one month is calculated from December 1 to December 31.

We don't recognized the signed days as we have to compute the interest expense till December 31. That's why we ignored this part.

Thus, the $75 amount of interest expense is accrued at December 31 on the note.

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2.<br>Is marketing always appropriate for political candidates? Why or why not?<br>​
Tpy6a [65]

Answer:

Yes, marketing always appropriate for political candidates.

Explanation:

Yes, marketing always appropriates for political candidates.

Political marketing is the process by which ideas are shared with the voters to gain their support. In political campaigns, the candidate uses modern marketing techniques including marketing research and commercial advertising to maximize votes.

5 0
3 years ago
On the first day of its fiscal year, Scooter Co. purchased a computer system for a total cost of $50,000. The computer system is
Gnom [1K]

Answer:

$20000

Explanation:

Given: Total cost of computer system= $50000.

           Residual value= $5000.

           Useful life= 5 years.

Now, calculating depreciation expense as per double-declining balance method.

Depreciation\ expense= (cost- Accumlated\ depreciation)\times \frac{2}{useful\ life}

⇒ Depreciation\ expense= (\$ 50000- \$0)\times \frac{2}{5}

⇒ Depreciation\ expense= \$ 50000\times \frac{2}{5}

∴ Depreciation\ expense= \$ 20000

Hence, $20000 is the depreciation expense for first year as per double-declining balance method.

8 0
3 years ago
When a third party receives an unwarranted cost, it is called a...
Nezavi [6.7K]

Answer:

negative externality

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

In Economics, a positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, a negative externality is generated when a third party receives or bears an unwarranted cost. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.

4 0
3 years ago
How does financial manager involes operating decision<br>​
daser333 [38]

Answer:

they use financial statements and other information prepared by accountants to make financial decision and are focused on the cash flows, the inflows and outflows of cash.

Explanation:

7 0
3 years ago
If the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cos
zepelin [54]

If the total cost is E1000 and the average fixed cost is E15 with 20 units of output, then the average variable cost at that level of output is c. E35.

<h3>What is the variable cost?</h3>

The variable cost is the cost element that varies with output.

When the output increases, the variable cost increases in total, while remaining the same per unit.

<h3>Data and Calculations:</h3>

Total cost = E1,000

Average fixed cost = E15

Output = 20 units

Total fixed cost = E300 (E15 x 20)

Total variable cost = E700 (E1,000 - E300)

Average variable cost = E35 (E700/20)

Thus, if the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is c. E35.

Learn more about variable costs at brainly.com/question/14107176

#SPJ1

5 0
2 years ago
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