1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
11

On March​ 1, 2018, Vintage Services issued an​ 8% long-term notes payable for​ $22,000. It is payable over a​ 16-year term in​ $

1,375 principal installments on March 1 of each​ year, beginning March​ 1, 2019. Each yearly installment will include both principal repayment of​ $1,375 and interest payment for the preceding​ one-year period. The journal entry to pay the first installment will include a debit to Interest Expense for​ $1,760. True or False?
Business
1 answer:
AveGali [126]3 years ago
7 0

Answer:

True. The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx
You might be interested in
Bill McDermott is the CEO of SAP, which is a company that sells expensive enterprise resource planning software to large and mid
KonstantinChe [14]

Answer:

corporate

Explanation:

Corporate level of an organisation involves the whole organisation. The organisation is made up of business units and product lines.

So when one functions at the corporate level he is responsible for all aspects of the business.

In this instance Bill McDermott is the CEO of SAP is in charge of all departments and production lines of the company.

On the other hand functional level deals with a particular department within the organisation. For example human resources, operations, and so on.

3 0
3 years ago
Which of the following is NOT a common feature of a
Lyrx [107]

Answer:

Investment trading

Explanation:

Financial institutions' core business is to sell loans. They accept deposits from customers and use those deposits to create loans to firms and individuals. Financial institutions are intermediaries of credit; they connect the demand and the suppliers of credit. Direct deposits are a way of depositing money while ATM's and debits card gives customers access to their deposits.

Investment trading is a service offered by stock exchange markets through stockbrokers and investment banks.

I

6 0
3 years ago
A large life insurance company has decided to switch from using a strong fear appeal to a humorous approach. What are the streng
BlackZzzverrR [31]

Answer:

Explanation:

A fear approach is meant to scare people and make them aware that they are only human and that bad things can happen. This would push them towards buying the insurance package. A humorous approach would focus more and a funny message of why it is important. This change would be targetting the same audience but with a completely opposite message which may not reach people the same way, especially if those individuals do not like the humor aspect of it and are not longer scared from the previous fear strategy that the company would have had.

5 0
3 years ago
An animal shelter spends $2.00 per day to care for each cat and $6.50 per day to care for each dog. Isaiah noticed that the shel
kari74 [83]

Answer:

There were 9 cats at the shelter on Wednesday.

Explanation:

Per day cost to care for each cat = $2.00

Per day cost to care for each dog = $6.50

Total Cost on Wednesday = $44.00

Suppose

Number of cats = C

Number of dogs = D

According to given condition

C + D = 13 (Equation 1)

( each cat's per day cost x Number of cats ) + ( each dog's per day cost x Number of dogs ) = Total coat

2C + 6.5D = 44 (Equation 2)

Multiply (Equation 1) by 2 and we get

2C + 2D = 26 (Equation 3)

Subtract (Equation 3) from (Equation 2)

2C + 6.5D - 2C - 2D  = 44 -26

4.5D = 18

D = 18/4.5

D = 4

by placing value of D in (Equation 1)

C + 4 = 13

C = 13-4

C = 9

4 0
3 years ago
At the beginning of last year, Tarind Corporation budgeted $900,000 of fixed manufacturing overhead and chose a denominator leve
insens350 [35]

Answer:

The answer is 612800 hours

Explanation:

Solution

Recall that:

At the start of last year, Tari Corporation budgeted $900,000 of fixed manufacturing overhead and chose a denominator level of activity of 600,000 machine-hours.

At the end of the year, Tari's fixed manufacturing overhead budget variance was $12000 favorable. Its fixed manufacturing overhead volume variance was $19200 favorable. The direct actual labor-hours for the year were 625,000. What was Tari's standard total machine-hours allowed for last year's output?

Now,

The Budgeted at beginning of  the year =  $900,000

fixed manufacturing overhead for =  600,000 machine hours

Thus,

The Standard = $900,000 / 600,000 hours = $1.5 fixed overhead / machine/machining hour

So,

At end of year, manufacturing overhead volume was $19,200 favorable which means  that,

$19200 / $1.5 = 12800 additional hours.

Total Standard Machine Allowance Allowed for output = 600,000 +12800 = 612800 hours

Therefore, Tari's total standard machine-hours allowed for last year's output is 612800 hours

8 0
3 years ago
Other questions:
  • Your text suggests that you look for an agent who has been in the insurance business for how long?
    7·2 answers
  • Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
    11·1 answer
  • Give some four examples of trade-offs when scarce resources are used.​
    5·1 answer
  • Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a
    8·1 answer
  • Nafar wants to start her own business as a contract writer. To do this, she needs to build an office addition to her house. Whic
    14·1 answer
  • Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants Which
    7·1 answer
  • were designed to concentrate the credit risk of a bundle of loans on one class of investor, leaving the other investors in the p
    14·1 answer
  • A manufacturer makes colored blocks for children. The blocks are modeled by the right rectangular prism as shown with congruent
    6·1 answer
  • Nash Corporation has outstanding 343,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend whe
    11·1 answer
  • A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!