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Aleks04 [339]
3 years ago
7

On November 1, 2021, New Morning Bakery signed a $207,000, 6%, six-month note payable with the amount borrowed plus accrued inte

rest due six months later on May 1, 2022. New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2022? (Do not round your intermediate calculations.)
a) $208,035.
b) $212,175.
c) $207,000.
d) $213,210.
Business
1 answer:
Gnesinka [82]3 years ago
8 0
The right answer is B 212,175.
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Answer:

P = Average Total Cost

Explanation:

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3 years ago
Bailey Company incurred the following costs in manufacturing desk calculators: Direct materials $18 Indirect materials (variable
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Answer:

$84

Explanation:

Calculation to determine the inventory cost per unit using absorption costing

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Indirect materials (variable) $3

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Indirect labor (variable) $7

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Therefore the inventory cost per unit using absorption costing is $84

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3 years ago
» Q-9-1. Accrued Interest Payable Interest accruals are calculated using a 365-day year with the day after the note was made cou
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4 0
4 years ago
The first paragraph or part of a business letter is the .
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Investment A requires a net investment of​ $1,600,000. The required rate of return is​ 12% for the​ four-year annuity. What are
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Answer:

D. ​$526,836

Explanation:

We need to solve for the cuota of an annuity of 4 years at 12% discount rate, which present value is 1,600,000

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

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time           4

rate                   0.12

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C $ 526,775.10

The cashflow per year should be 526,775 to equal the net investment and give a NPV of zero

Based on the possible option we pick the nearest value. Which is 526,836

6 0
4 years ago
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