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Akimi4 [234]
3 years ago
10

Jane's Donut Co. borrowed $198,000 on January 1, 2021, and signed a two-year note bearing interest at 11%. Interest is payable i

n full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of: Multiple Choice
Business
1 answer:
spayn [35]3 years ago
7 0

Answer:

$21,780

Explanation:

Calculation to determine what Jane's should report interest expense at December 31, 2021, in the amount of:

Interest expense at December 31, 2021=$198,000 x 11% x 12/12

Interest expense at December 31, 2021= $21,780

Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780

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You write one MBI July 139 call contract (equaling 100 shares) for a premium of $17. You hold the option until the expiration da
Bogdan [553]

Answer:

$600 loss

Explanation:

A call option is defined as a contract that exists between ba buyer and seller of a call option to exchange securities held at a particular price within a specific period.

To calculate the profit realised on the investment

Profit from call option= (150- 139) * 100

Profit from call option= $1,100

Profit from premium= 17 * 100

Profit from premium= $1,700

Profit on investment= Profit from call option - Profit from premium

Profit on investment = 1,100 - 1,700 = -$600

So there is a loss of $600

4 0
3 years ago
Read 2 more answers
Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $34, $44, and $54,
Airida [17]

The break even point in composite units is 5000 units.

Break even point

The Break-even point  is calculated by dividing the fixed cost by the contribution margin per unit.

For this sales mix, the contribution margin per unit is the aggregate of each contribution margin. Contribution margin is calculated by subtracting variable cost from the selling price  

Contribution margin  for A is $20- $12 = $8  x 3 units

Contribution margin for B is  $ 30 - $18 = $12 x 2 units

Contribution margin for C is $40 -$24= $16  x 1 unit

Total contribution margin per unit will be

(8 x 3) x (12 x 2 ) x( $16 x 1)= $64

Break-even point = $320,000 /64

Learn more about break even point here :

brainly.com/question/15356272

#SPJ4

7 0
2 years ago
What is a stap you can take toward committing to a career path?
Karo-lina-s [1.5K]

Answer:

B. Check for positions in your area

Explanation:

i think though!! im not sure

5 0
3 years ago
The standard direct labor hours allowed is computed as a.Unit Labor Standard × Actual Output. b.Unit Labor Standard × Practical
Vladimir [108]

Answer:

a. Unit Labor Standard × Actual Output.

Explanation:

The standard direct labor hours allowed is the number of hours held for per unit based on the actual number of units produced. It can be determined by multiplying the unit labor based on standard per hour with the actual output

In mathematically,

Standard direct labor hours allowed =  Unit Labor Standard × Actual Output

Hence, all other options are wrong

5 0
3 years ago
hare Issuances for Cash Chase, Inc., issued 10,000 shares of $20 par value preferred stock at $50 per share and 8,000 shares of
IRISSAK [1]

Answer:

a. Prepare the journal entries to record the share issuances.

  • Dr Cash 500,000
  •     Cr Preferred stocks 200,000
  •     Cr Additional paid in capital - preferred stocks 300,000

  • Dr Cash 160,000
  •     Cr Common stocks 160,000    

b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $10 per share.

  • Dr Cash 160,000
  •     Cr Common stocks 80,000    
  •     Cr Additional paid in capital - common stocks 80,000

c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.

  • Dr Cash 160,000
  •     Cr Common stocks 16,000    
  •     Cr Additional paid in capital - common stocks 144,000

8 0
3 years ago
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