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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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He stated also that there are situational-contingent elements that influences a leader's ability to lead.

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3 years ago
When performing the managerial task of planning, managers organize people into departments according to the kinds of job-specifi
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Explanation:

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3 years ago
Who can approve the realignment of funds between activities that are below the level of control for that appropriation category
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Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt-to-ca
Semenov [28]

Answer:

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The goal of Management is to increase Shareholders' wealth and not to generate profits because wealth is something that is for long-run whereas Profits are temporary. Management would accept projects having negative NPV if its goal is to maximize Profit.

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Thanks!

4 0
3 years ago
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