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
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

You might be interested in
Work experience should always be listed before education on a resume. True or false?
AVprozaik [17]

TRUE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


5 0
3 years ago
Read 2 more answers
Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho
Olenka [21]
Are there choices for this question?

6 0
3 years ago
What does it mean to provide customer service? PLEASE HELP
stepan [7]

Answer:

Providing excellent customer service means going the extra mile in making sure a customer is happy and satisfied with a company's products or services. It also involves providing service to a customer in a timely, pleasant manner.

8 0
3 years ago
Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20
kirill115 [55]

Answer:

Unitary variable cost= $40

Total variable cost= $800,000

Explanation:

Giving the following information:

Direct materials $ 10 per unit

Direct labor $ 20 per unit

Overhead costs for the year Variable overhead $ 10 per unit

Fixed overhead $ 160,000

Units produced 20,000 units

Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40

Total variable cost= 20000units* 40= $800,000

7 0
3 years ago
Read 2 more answers
During August, Salinger Company accumulated 580 hours of direct labor costs on Job 40 and 630 hours on Job 42. The total direct
Inga [223]

Answer:

Dr Work in process $13,210

Cr Wages payable $13,210

Explanation:

Based on the information given the appropriate journal entry to record the flow of labor costs into production during August is:

Dr Work in process $13,210

Cr Wages payable $13,210

(580*$13)+(630*$9)

($7540+$5670)

(To record the flow of labor costs into production during August)

6 0
3 years ago
Other questions:
  • Amy wants to invest money for two years. She doesn’t know which investment is best for her. What should Amy do?
    13·1 answer
  • A Romer economy starts off with an initial stock of ideas equal to 100. The total population in the economy is 60, two of the wo
    14·1 answer
  • What is the name for a client-server model with one server and many clients, such as when an application is used to watch a live
    11·1 answer
  • En que quieres trabajar cuando seas grande Xd
    12·1 answer
  • Jillian has just started her first job with a $45,000 salary at a company with a 401(k) plan that has a 100% match up to 3% gros
    13·1 answer
  • Persuasion is necessary when Group of answer choices your audience is skeptical about your idea. you anticipate that your audien
    5·1 answer
  • In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company
    8·1 answer
  • How do consumers take part in the resource market?
    11·1 answer
  • Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as bookkeeper. Dale wanted to atten
    11·1 answer
  • Paul and Libby White (both are age 66) are married and together have AGI of $105,000 in 2018. They have two dependents and file
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!