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melomori [17]
3 years ago
5

Equestrain Roads accepted a customer's $50,000 zero-interest-bearing six-month note payable in a sales transaction. The product

sold normally sells for $46,000. If the sale was made on June 30, how much interest revenue from this transaction would be recorded for the year ending December 31?
Business
1 answer:
babunello [35]3 years ago
3 0

Answer:

$4,000

Explanation:

The difference between the face value of note and the issuance value of the note is discount. This discount is recorded and amortized over the note life to maturity. As the note is for 6 months and There are also six months from June 30, to December 31. So, all the Discount of $4,000 ($50,000-$46,000)  will be recognized as Interest Income. This discount can be amortized and recognized as Interest Income on monthly basis or collectively at the year end.

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Digiron [165]

Answer:

Deferred tax asset $174000

Explanation:

The computation of the  amount of deferred tax asset or liability for the year 2021 is shown below:

= Income in the year 2021 × enacted tax rate for the year 2021

= $870,000 × 20%

= $174,000

By multiplying the income for the year 2021 with the enacted tax rate for the year 2021 we can get the deferred tax asset and the same is shown above

3 0
4 years ago
True or false? until recently, the public health approach has been to focus on economic factors in seeking risk reduction.
love history [14]
False. The approach to public health is to ignore economic factors for risk reduction. However, there is a greater willingness on the part of the public health advocates to consider costs and benefits in risks evaluation because of an increase in understanding and accepting that economic factors are important to the health of everyone.<span> </span>
8 0
4 years ago
Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per
Alexxandr [17]
The answer for this is <span>freight-out
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3 0
3 years ago
If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and production is​ efficient, his opportunity cost of
sergeinik [125]

Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.

<h3>What is the opportunity cost of the fish?</h3>

This can be found as:

= Change in quantity of fish / Change in quantity of berries

Solving gives:

= (30 - 26) / 52 - 42

= 4 / 10

= 0.4 pounds of fish

Find out more on opportunity cost at brainly.com/question/1549591.

#SPJ1

3 0
2 years ago
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Lena [83]

Answer:

In-depth interview

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In case of face to face interview, questions can be asked based on the response from the audience, thereby obtaining in-depth information from them.

5 0
3 years ago
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