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Yuri [45]
3 years ago
11

When interest is accrued on a note payable, but not paid, the A. Interest Expense account is increased; the Interest Payable acc

ount is decreased. B. Notes Payable account is increased; the Interest Payable account is increased. C. Interest Expense account is increased; the Interest Payable account is increased. D. Interest Expense account is decreased; the Interest Payable account is increased.
Business
1 answer:
olchik [2.2K]3 years ago
8 0

Answer:

C. Interest Expense account is increased; the Interest Payable account is increased.

Explanation:

A secured interest can be defined as a legal right granted by a borrower to a lender (creditor) over a collateral (the borrower's property) which permits or allow the lender to have a right to possess the property as soon as the lender defaults in making payment. The payment which is expected to be made by the borrower of a mortgage loan is considered a secured obligation because it is a lien or an enforceable legal claim.

When interest is accrued on a note payable, but not paid, the Interest Expense account is increased; the Interest Payable account is increased.

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Check each of the direct effects of tariffs.A. increase domestic production (compared to free trade) but result in higher prices
lbvjy [14]

Answer:

I don't know the answer

Explanation:

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6 0
3 years ago
The conflict that develops between employees needing to have a personal life and a corporation that needs to have employees acce
GuDViN [60]

Answer:

"Organizational schizophrenia" is the appropriate answer.

Explanation:

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7 0
3 years ago
Mia and Mario specialize in producing the item in which she or he has a comparative advantage. Then they trade one pasta dish fo
Gnoma [55]

Answer:

4, 4

Explanation:

Now mia has comparative advantage in pasta production while Mario has advantage in pizza making

Before they both specialized, one was making 4 pizza and 4 pasta while the other made 4 pasta and 4 pizza.

Total pizza made = 8

Total pasta made = 8

After they specialized,

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Mia makes 4+8 = 12 pizza

12-8= 4

So they both make 4 more pasta and 4 more pizza

3 0
3 years ago
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.45 Direct labor
Virty [35]

Answer:

$59,750

Explanation:

Total variable per unit = Direct material pet unit + direct labor per unit + variable manufacturing overhead + sales commission + variable administrative expenses

= $6.45 + $3.3 + $1.25 + $0.45 + $0.5

= $11.45

Total variable cost for 5,000 units

= $11.95 × 5,000

= $59,750

6 0
3 years ago
Which of the following provides for a reduction in the employer's state unemployment tax rate based on the employer's experience
statuscvo [17]

Answer:

b.Experience-rating plan

Explanation:

Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited.  The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.

This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses.   An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor.  A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.

6 0
3 years ago
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