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3 years ago

4. the interest is computed on the principal and also on the accumulated past interests.

Business

1 answer:

torisob [31]3 years ago

8 0

Answer:

d. compound interest

Explanation:

Compound interest basically means that previously earned interests will earn interests on their own. For example, you invest $100 and receive a 5% yield. At the end of year 1 you will have $105. At the end of year 2 you will have $105 x 1.05 = $110.25. The $5 in interests previously earned during year 1 will earn $0.25 interest during year 2.

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Sox Corporation purchased a 30% interest in Hack Corporation for $1,525,000 on January 1, 2021. On November 1, 2021, Hack declar

Serjik [45]

Answer:

$1,200,000

Explanation:

SOX Corporation purchased a 30% interest for $1,525,000

On November 1, 2021, Hack declared and paid $1,100,000 million in dividends

Hence, Carrying value = $1,525,000 - 30%($1,100,000)

Carrying value = $1,525,000 - $330,000

Carrying value = $1,195,000

Net loss given during the year reported by Hack is $4,000,000

Hence, Net Loss of SOX is $4,000,000 * 30%

Net Loss = $1,200,000

Therefore, the net loss to be recognized in the Income statement is $1,200,000

3 0

3 years ago

For which of the following products is its manufacturer most likely to use intensive distribution? Multiple Choice Waterford cry

Sidana [21]

Answer: The correct answer is "Hershey chocolate bars".

Explanation: For Hershey chocolate bars its manufacturer most likely to use intensive distribution due to the characteristics of the product, which are of the edible type, of consumption and of the type of market in which it is competing, to maintain its competitiveness in the market it is necessary to use an intensive distribution.

5 0

3 years ago

Read 2 more answers

what is the legal avenue for an owner who wants to dispose of his or her interest against the wishes of other co-owners?

Sedaia [141]

The legal avenue that an owner who wishes to dispose a piece of property as against the wishes of the other co-owners is: a partition suit.

<h3>What is a Partition Suit?</h3>

A partition suit can be described as a way of seeking remedy to dispute in real estate ownership, whereby the co-owners do not seem to agree on keeping or selling a piece of property.

For a partition suit to be won, the co-owner must be in the right standing to even initiate one.

Thus, the legal avenue that an owner who wishes to dispose a piece of property as against the wishes of the other co-owners is: a partition suit.

Learn more about partition suit on:

brainly.com/question/15463733

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6 0

2 years ago

If the german automobile manufacturer, volkswagen, builds a new factory to produce volkswagens in pennsylvania, which component

Veronika [31]

The component of GDP that includes net exports and business investment will be affected If the German manufacturer builds a new factory to produce volkswagens in pennsylvania.

<h3>What are components of gross domestic product?</h3>

In economics, the components of gross domestic product includes the personal consumption, business investment, government spending and net exports.

Hence, the component of GDP that includes net exports and business investment will be affected by the decision.

Read more about gross domestic product

<em>brainly.com/question/1383956</em>

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7 0

2 years ago

Bernard Company's budgeted manufacturing overhead is $ 2 comma 700 comma 000. Overhead is allocated on the basis of direct labo

NikAS [45]

Answer:

D. $ 45

Explanation:

According to data given in question:

Bernard Company's budgeted manufacturing overhead = $2,700,000

Direct labor hours for the period = 60,000 hours

As Overhead is allocated on the basis of direct labor hours.

Manufacturing overhead rate = $2,700,000 / 60,000 hours

Manufacturing overhead rate = $45 / hour

So the correct Answer is D. $ 45

5 0

3 years ago