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Mazyrski [523]
3 years ago
11

Sodium Inc. borrowed $175,000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much inter

est is recognized for the period from April 1 to December 31?
Business
1 answer:
Oksanka [162]3 years ago
6 0

Answer:

The amount of interest that is recognized for the period from April 1 to December 31 is $15,750

Explanation:

According to the given data we have the following:

interest=12%

From April 1 to December 31 we have 9 months

Sodium Inc. borrowed $175,000

Therefore, in order to calculate the amount of interest that is recognized for the period from April 1 to December 31 we would have to make the following calculation:

Interest for 9 months= $175,000 x 12% x 9 months / 12

Interest for 9 months=$15,750

The amount of interest that is recognized for the period from April 1 to December 31 is $15,750

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1800 units are the reorder point.

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A reorder point (ROP) is a specific level at which inventory needs to be replenished. That means it will tell you when to order so you don't run out of stock.

Reorder Point formula is Lead Time Requirement + Safety Stock. Of course, to do an accurate calculation, you need to determine your lead time and safety stock needs.

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a. 1625 units

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3 years ago
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Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers notified management in Dece
Strike441 [17]

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Before they can be reported in financial statement, it must be able to estimate the value of such contingent liability and the liability must have a higher than 50% possiblity of being achieved.

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Nady [450]

Answer:

Organisational planning

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