1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ad-work [718]
2 years ago
13

Zenephia Corp. accepted a 9-month note receivable from a customer on October 1, 2019. If Zenephia has an accounting period which

ends on December 31, 2019, when would it most likely recognize interest income from the note?A) December 31,2019, and june 30,2020B) October 1,2019C) December 31,2019,onlyD) June 30,2020,only
Business
1 answer:
salantis [7]2 years ago
4 0

Answer:

A) December 31,2019, and june 30,2020

Explanation:

According to accrual the income that is realized and expenses that are accrued must be recorded. Matching concept requires that the income should be recorded in the same period in which the expenses against it incurred and recorded.

First an adjusting entry will be recorded on the year end December 31,2019 to recognize the interest income of 3 months from October to December 2019. In next period at the time of Note maturity the remaining income of 6 months from January 1, to June 30,2020.

You might be interested in
A tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What
motikmotik

Answer:

Both employment and the real wage rate would decrease

Explanation:

Given that the capital stock of a nation or country jas a direct impact on such country in terms of savings and investments which directly translates to additional.economic development.

Hence, in this case, when a tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What happens to current employment and the real wage rate is that "Both employment and the real wage rate would decrease"

This because there won't be adequate money available to create more employment. And with lease employment opportunities than the available labor, the real wage rate tends to decrease over time.

4 0
3 years ago
In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire wor
9966 [12]

Answer:

(B) the macroeconomy

Explanation:

The condition of the macroeconomy would exert the most influence of a firm's decision to hire more workers. As economic growth increases and demand grows, the firm is likely to hire more workers to meet increasing demand for its goods. On the other hand, in an economic recession, the firm is likely to hire less and even lay off its existing workers as demand for its goods reduces.

Option A is incorrect as a firm would not hire more workers even at low wage levels if the economy is in a recession. Option C is incorrect as the level of a firm's income would likely not be considered in its hiring decision if demand for its goods was very high. Option D is incorrect as the household income would likely not be considered by the firm in its hiring decision.

8 0
3 years ago
On December 1, Milka Inc. borrows $500,000 from the bank. Interest of 6% is due in six months. On December 31, Milka recognizes
Leokris [45]

Milka's balance sheet reports: Interest payable for one month.

<h3>What is interest?</h3>

The fee you pay to borrow money or the fee you charge to lend money is called interest.

Some features of interest are-

  • The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
  • The compensation a lender or financial organization receives for giving out money is called interest.
  • The most common way to represent interest is as a yearly percentage of the loan amount.
  • The interest rate on the loan is known as this percentage.
  • For instance, if you put money in a savings account, a bank will provide you interest.

The three types of interest include -

  1. simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
  2. accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.
  3. compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.

To know more about the estimation of simple interest, here

brainly.com/question/2294792

#SPJ4

5 0
2 years ago
Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and t
oee [108]

Answer:

$686,000

Explanation:

net service revenue = gross revenue - discount for early payment

gross revenue = total sales price - trade discount

gross revenue = $800,000 - $100,000 = $700,000

net service revenue = $700,000 - 2%($700,000) = $700,000 - $14,000 = $686,000

4 0
2 years ago
How would you advise Johnson &amp; Johnson on addressing the claim that their talcum powder (baby powder) causes ovarian cancer?
victus00 [196]

Answer:

An example email to the company:

Dear Sirs:

I have recently been in contact with some sources that have told me that you baby Powder may be causing ovarian cancer. I would respectfully ask you to look into this issue, as your product may be harming young children.

Thank you for your time,

_Your name herE_

6 0
3 years ago
Read 2 more answers
Other questions:
  • Libby bought 250 stocks of a company named Xylet last year. Xylet’s total earning for the year is $ 4million and it has 1,000,00
    13·1 answer
  • Sunland Company had the following two transactions related to its delivery truck. 1. Paid $38 for an oil change. 2. Paid $564 to
    9·1 answer
  • Selected information from the most recent financial statements for hat trick manufacturing:
    10·1 answer
  • Your business plan calls for utilizing a computerized lathe. The lathe costs $12,000. If you borrow the money to buy it, you wil
    6·1 answer
  • In order for researchers to be able to say that variable a causes variable b, they must eliminate the possible influence of ____
    8·1 answer
  • No journal entries are required for the reconciling items on the bank side because
    14·1 answer
  • Calculation of opportunity cost​
    12·1 answer
  • The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were origina
    15·1 answer
  • 4. what influence may rising house prices have on inflation?
    5·1 answer
  • Find the partial derivative of f(x, y) =x2y+sin x+cos y
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!