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g100num [7]
2 years ago
11

Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use

360 days a year.)
Business
1 answer:
Dimas [21]2 years ago
4 0

Answer:

the journal entry to record the loan:

E.g. January 1, 202x, loan made to Ryan Company

Dr Notes receivable 69,000

    Cr Cash 69,000

the journal entry to record the collection of the note:

E.g. January 31, 202x, note collected from Ryan Company

Dr Cash 69,575

    Cr Notes receivable 69,000

    Cr interest revenue 575

interest revenue = $69,000 x 10% x 30/360 = $575

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g Dybala Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales S
Marianna [84]

Answer:

Effect on income=  $2,500 increase

Explanation:

Giving the following information:

Contribution margin= $44

The marketing manager believes that a $6,300 increase in the monthly advertising budget would result in a 200 unit increase in monthly sales.

To calculate the effect on income, we need to use the following formula:

Effect on income= increase in total contribution margin - increase in fixed costs

Effect on income= 200*44 - 6,300

Effect on income=  $2,500 increase

5 0
3 years ago
A drought in California destroys many red grapes. As a result of the drought, the consumer surplus in the market for red grapes
Ira Lisetskai [31]

Answer:

B

Explanation:

because if you raise it high enough you can get less people to buy seen it in a lot of places

4 0
3 years ago
1. A public relations manager plans to delegate crisis communications responsibilities to a subordinate. What characteristic wil
pashok25 [27]

The characteristic that the manager needs to assess of the subordinate prior to delegating responsibilities is:

  • Performance readiness

The type of leadership training that is being provided by the human resource director is:

  • Situational

<h3>What is Situational Leadership?</h3>

Situational leadership is seen when a manager delegates tasks based on the performance readiness of his staff.

The performance readiness in this case combines the ability of the person receiving the task and their willingness to execute the assigned task.

Learn more about situational leadership here:

brainly.com/question/14564324

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8 0
2 years ago
International Imports (I2) pays an annual dividend rate of 10.40% on its preferred stock that currently returns 13.94% and has a
dangina [55]

Answer:

$74.61

Explanation:

The computation of the value of preferred stock is shown below:

Value of preferred stock = Annual dividend ÷ return of preferred stock per share

= 10.40% × 100  ÷ 13.94%

= $74.61

Simply we divide the annual dividend by the value of preferred stock per share so that the correct value of preferred stock can be computed

7 0
3 years ago
Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
notsponge [240]

Answer:

$1,728

Explanation:

To reach maximum depreciation expense we simply first compute the depreciation which is shown below:-

Depreciation = Purchased computer × Depreciation Rate

= $30,000 × 11.52%

= $3,456

Refer to the MACRS Table 1

Maximum depreciation expense = Depreciation × Half year convention

= $3,456 × 50%

= $1,728

Here we considered half year convention of equipment.

6 0
3 years ago
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