Answer:
Interest expense for the year: 25,401.6
Explanation:
Carrying value of the note x 8% = interest on note payable
317,520 x 8% = 25,401.6
The interest expense will be for this amount
And the journal entry will be as follow
Interest Expense 25,401.6
Note Payable 25,401.6
As the note is discounted, we will recognize interest until maturity against the note, so it reach their face value at maturity.
Because this interest won't be exigible until maturity, they are accrued interest but do not invovle a cash disbursmement for the period.
There are a few problems that can arise from exporting large amounts of central American agricultural products. One is that the products may not be able to meet the demand in other countries, which can lead to prices rising and products becoming scarce.
What is American agricultural?
With only one farmer or farm worker needed on average per square kilometre of cropland for agricultural production, American agriculture is highly mechanised. Even though farming is practised in every state in the US, it is most prevalent inside the Great Plains, a vast area of flat arable land in the middle of the country, west of the Great Lakes as well as east of a Rocky Mountains. The Corn Belt, which produces a lot of corn and soybeans, is located in the wetter eastern half, and the Wheat Belt, which produces a lot of wheat, is located in the drier western half. Fruits, vegetables, and nuts are produced in the Central Valley of California.
Additionally, if the products are not properly stored or shipped, they can spoil and become worthless. Finally, if the products are not marketed properly, they may not sell well and may not generate the income that was expected.
To learn more about American agricultural
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Answer:
the expected return of a stock is 10.542%
Explanation:
The computation of the expected return on a stock is shown below:
Expected return on stock is
= Risk free rate + beta × (market rate of return - risk free rate)
= 2.2% + 0.86 × (11.9% - 2.2%)
= 2.2% + 0.86 × 9.7%
= 2.2% + 8.342
= 10.542%
hence, the expected return of a stock is 10.542%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$38,400
Explanation:
<em>1. Cash Purchases:</em>
The total purchases in the month of March is of $35,000.
It is given that 70% of Purchases are for cash.
Hence, 70% of $35,000 would be;
$39,000 x 0.70
$27,300
<em>2. Credit Purchases:
</em>
Remaining Balance of Purchases from the month of February:
For the month of February Cash Purchases can be calculated as follows;
$37,000 x 0.70
$25,900
Remaining Balance to be paid in March for the month of February can be calculated as follows;
$37,000 - $25,900
$11,100
<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>
Cash Purchases = $27,300
Credit Purchases = $11,100
Hence;
<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases
</em>
Cash Payment for purchases in March = $27,300 + $11,100
Cash Payment for purchases in March = $38,400
Answer:
I think ur answers are A, B, and C.
Explanation:
Hope this helps!
