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3 years ago

A company receives a 10%, 90-day note for $2,700. The total interest due on the maturity date is: (Use 360 days a year.)

Business

1 answer:

Rom4ik [11]3 years ago

8 0

Answer:

Interest amount = $67.5

Explanation:

Use the below formula to find the interest amount:

Interest amount = The value of note x Interest rate x (90 / 360)

Given value of note = $2700

Interest rate = 10%

Time = 90/360

Now plug the value in the above formula and solve for the interest due:

Interest amount = The value of note x Interest rate x (90 / 360)

Interest amount = 2700 x 10% x (90 / 360)

Interest amount = $67.5

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Answer:60000

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What is a disadvantage of a sole proprietorship?

stepan [7]

Answer:

Explained below:

Explanation:

The following are the <u>disadvantages of a sole proprietorship:</u>-

1. In a sole proprietorship, there is no separation between business assets and personal assets.

2. When the owner dies, the business also ends as well unless the owner made a prudent estate plan which allowed the business to continue.

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3 years ago

When considering an external environment with a high level of resources and low degree of uncertainty, managers are most likely

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Answer:

Managers are most likely to use detailed rules, SOPs( standard operating procedures), and restrictive norms to govern employees activities.

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4 years ago

An increase of $100,000 in inventory would result in a(n) Increase in bonds payable. Decrease of net cash flow. Decrease in mark

ki77a [65]

Answer:

Decrease of net cash flow

Explanation:

Underthe indirect method, we calculate the cash flow based on the change in working capital:

The inventory, which is an asset will be purchased with cash or cash equivalent. Therefore, an increase on inventory produce a decrease of net cash flow.

If the inventory is purchased on account then, It will increase account payable, which represent an increase on the net cash flow. This generates a net effect of zero, 100,000 for account payable - 100,000 for inventory.

Which is what happens when purchase on account are made.

However, here we are asked for an increase on inventory only. We should simply state that this will represent a decrease in the cash flow for 100,000.

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3 years ago

Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks

Fittoniya [83]

Answer:

Explanation:

Units %Material

Units completed & Transferred 289,000 100 289,000

Units of ending WIP 68,000 75 51,000

Equivalent units of production 340,000

% Conversion EUP Conversion

Units completed & transferred out 100 289,000

Units of ending WIP 25 17,000

Equivalent units of production 306,000

Material Conversion

Beginning WIP 20,000 6,200

Added cost in June 214,600 131,500

Total 234,600 137,700

Equivalent unit of production 340,000 306,000

Cost /equivalent unit 0.69 0.45

EUP Cost/ EUP Total

Material 51,000 0.69 35,190

Conversion 17,000 0.45 7,650

Total cost of ending WIP 42,840

for materials ,conversion

EUP Cost / EUP Total

Material 289,000 0.69 199,410

Conversion 289,000 0.45 130,050

Total cost of units transferred out 329,460

Reconciliation report

Cost of beginning WIP 20,000 6,200 26,200

Cost added in the month 214,600 131,500 346,100

Total 372,300

Cost of units transferred out 329,460

Cost of ending WIP 42,840

Total 372,300

8 0

3 years ago