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Nady [450]
3 years ago
5

Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal a

nd interest are payable in full at maturity on October 31, 2022. In connection with this note, Universal Travel, Inc. should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
Business
1 answer:
Hoochie [10]3 years ago
4 0

Answer:

$5,000

Explanation:

Calculation to determine what Travel, Inc. should report as interest payable at December 31, 2021

Interest payable at Dec 31,2021= $500,000 * 6% * 2 months/12 months

Interest payable at Dec 31,2021= $5,000

(November 1 - December 31 = 2 months)

Therefore Travel, Inc. should report interest payable at December 31, 2021, in the amount of:$5,000

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Based on the systems viewpoint, a restaurant’s ability to accept cash, credit, or both, is associated with which part of a syste
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Based on the systems viewpoint, a restaurant’s ability to accept cash, credit, or both, is associated with transformational processes

This is further explained below.

<h3>What is transformational processes?</h3>

A transformation process may be thought of as any activity or combination of activities that takes two or more inputs, modifies and adds to those inputs, and creates outputs for customers or clients.

The demand from the outside world to conform to ever-shifting circumstances and needs in order to achieve one's business objectives is what drives the long-term change management process which is known as business process transformation.

In conclusion, according to the systems view, transformational processes are connected to the ability of a restaurant to accept cash, credit, or both forms of payment.

Read more about transformational processes

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complete question

Based on the systems viewpoint, a restaurant's ability to accept cash, credit, or both, is associated with which part of a system? Multiple Choice

financial

transformational processes

outputs

feedback

inputs

8 0
2 years ago
Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per un
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Answer:

Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per unit. A large portion of the finished product is sold to Division B where it is packaged and sold overseas under a different label. The tax rate in Division B's country is higher than the U.S. tax rate. Assume the company desires to minimize the overall tax impact of the transfer (i) what type of relative pre-tax income should each division desire to achieve as a result of the transfer and (ii) what type of transfer price would accomplish your answer to (i).  

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Option  "D"  is the correct answer -  High Low High.

Explanation:

Since in Division B, the tax rate is higher than the tax rate in US-based dairy division. Therefore to minimize the impact of the overall tax, transfer price from dairy division should be high to Division B so that the dairy division income would be higher. and the income of Division B would be lower.

Hence option  "D" is the correct answer.

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