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
Genrish500 [490]
3 years ago
9

On September 1 of the current year, a bank lends $1,600 to a company; the note principal and $192 ($1,600 × 12 percent) annual i

nterest are due in one year. Answer from the bank's standpoint.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
5 0

Answer and Explanation:

Revenue recognized - $192. Revenue title - "Interest revenue" This is answered considering that the bank follows accrual basis of accounting. Therefore, as the bank has earned the interest by lending to the company, it can recognize the interest revenue. And as it is a bank, the interest revenue would be shown under the "Revenue" section as its main business is lending. The principal will not be revenue at all as it is an Asset and will be regarded as Accounts Receivable.

You might be interested in
A group of 10 people have the following annual incomes:_______.
nordsb [41]

Answer:

The answer to this question can be defined as follows:

Explanation:

The very first useful step is to specify homeowners as decreased to increases in revenues. Its bottom quintile will be the lower two homeowners, its second quintile it's third and fourth, and so on to its top quintile, like a total number of homeowners exists.

  • In the quintiles as well as the percentage of the total revenue and for information compiled. Throughout contrast of 2005, its peak quintile is the US earnings allocation.  
  • Its example would be lower than for the allocation in the U.S. as well as the bottom quintile will have a greater proportion of total income. Throughout this model, its distribution of income from this example is generally higher than the US allocation.

7 0
4 years ago
Which of the following trends has been observed in the world population in terms of aging? A) As nations have advanced economica
Lynna [10]

Answer:

C) People aged 65 and older will soon outnumber children under age 5 for the first time in history

Explanation:

The world population refers to a number of populations in a word. it shows the approximation number of population in the world. It could be in millions, billions, etc

In terms of aging as we can see that the people who are aging of 65 or older would be soon more numerous than the children who comes under the age of 5 for the first time in history

Hence, the correct option is C.

5 0
3 years ago
The contribution margin ratio of Mountain Corporation's only product is 52%. The company's monthly fixed expense is $296,400 and
leva [86]

Answer:

$583,462

Explanation:

Mountain's corporation has a contribution margin ratio of 52%

= 52/100

= 0.52

They have a monthly fixed expenses of $296,400

The target profit is $7,000

Therefore, the dollar sales that is closest to the target profit can be calculated as follows

= Target profit+Fixed expenses/CM ratio

= $7,000+$296,400/0.52

= $303,400/0.52

= $583,462

Hence the dollar sales to attain the target profit is closest to $583,462

6 0
3 years ago
Ceria Republic is a country that has achieved rapid economic growth and prosperity over the last couple of decades as a result o
lyudmila [28]

Answer:

A. Greater collectivism

Explanation:

Collectivism occurs when members are interdependent putting common goals over individual pursuits. The direct opposite is individualism. Over times, studies has shown that changes in societal beliefs has led to globalization and economic advancement. It also indicates that a pull away from greater collectivism accompanies economic development. This is because, individualism promotes economic development by driving individuals need to invest, innovate and accumulate wealth. As a result, collectivism is said to impede economic development and individualism is said to facilitate it.

3 0
4 years ago
​Sources:U.S. Bureau of Labor​ Statistics; and U.S. Bureau of Economic Analysis. 1. In​ 1969, actual real GDP was greater than p
julia-pushkina [17]

Answer:

1) C. The economy can produce a level of GDP above potential GDP in the short run.

When the actual GDP is greater than the potential GDP it means that in the short run the economy is able to grow significantly, although high inflation may result.

2) B. Potential GDP increased​ significantly, but actual GDP did​ not, and thus there is unemployment.

Since only potential GDP increased, but not real GDP, then unemployment started to rise as a result of a higher inflation rate without an economic growth.

7 0
3 years ago
Other questions:
  • Today, there are many websites dedicated to consumers who post reviews of products and services, as well as comments about firms
    6·1 answer
  • Dear mr. helmsley: we have a problem. the other day i saw one of my coworkers loading boxes into the trunk of her car. i offered
    5·1 answer
  • An information system that provides relevant data to help businesspeople choose the appropriate course of action is called a(n _
    5·1 answer
  • At the beginning of December, Global Corporation had $2,100 in supplies on hand. During the month, supplies purchased amounted t
    14·2 answers
  • Suppose you have $100 in a saving account earning 2 percent interest a year.after five year how much would you have
    15·2 answers
  • Why are student loans usually guaranteed by the government?
    9·1 answer
  • Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
    9·1 answer
  • Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assigning to each prod
    11·1 answer
  • AMaZon is taking forever to ship my tablet. answer with problems you've had with aMaZon
    8·1 answer
  • When Subway uses selective stores around the country to introduce a new food item, the food item
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!