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
lianna [129]
3 years ago
15

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

0,000 immediately and then another $1,000,000 on September 30, 2020. An interest rate of 8% reflects the time value of money for this type of loan agreement.
What amount of interest expense, if any, would Corso record on December 31, 2019, the company’s fiscal year end?
a. $68,687.
b. $80,000.
c. $60,000.
d. $69,959.
Business
1 answer:
Reika [66]3 years ago
3 0

Answer: $69,959

Explanation:

The amount of interest expense, that Corso will record on December 31, 2019, the company’s fiscal year end will be calculated thus:

First, we calculate the present value of payment which will be made on September 30,2020 and this will be:

= $1000000 × 0.857339

= $857339

Then, the interest expense on December 31,2018 will be:

= $857339 × 8%/12 × 3

= $17147

Therefore, the Interest expense on December 31,2019 will be:

= ($857339 + $17147) × 8%

= $874486 × 0.08

= $69959

You might be interested in
In the context of the six sections of the Position Analysis Questionnaire (PAQ), _____ represent the reasoning, decision-making,
emmainna [20.7K]

Answer: B. mental processes

Explanation: In the context of the six sections of the Position Analysis Questionnaire (PAQ), _____ represent the reasoning, decision-making, planning, and information-processing activities involved in performing a job.

A. job contexts

B. mental processes

C. special codes

D. information inputs

The Position Analysis Questionnaire (PAQ) is relatively complex, and requires that an employee must have the reading level of a college graduate to be able to complete it and evaluates job skill level and basic characteristics of applicants for a set match of employment opportunity. It measures the characteristics of a job and relates them to human characteristics, such as information input, mental processes, work output, relationships with others, job context, and so on.

Mental processes in the context of the six sections of the Position Analysis Questionnaire (PAQ) represents the reasoning, decision-making, planning, and information-processing activities involved in performing a job.

7 0
3 years ago
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
luda_lava [24]

If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.

Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.

For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.

Learn more about price inelastic at

brainly.com/question/5078326

#SPJ4

<em>Your question is incomplete. please read below to find the full content.</em>

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

price inelastic.

quantity demanded.

relative price increase.

change in price.

7 0
2 years ago
Cool Air​ Inc., manufactures single room sized air conditioners. The cost accounting system estimates manufacturing costs to be
Tcecarenko [31]

Answer:

Selling price= $172.8

Explanation:

Giving the following information:

Manufacturing costs to be $ 240.00 per air​ conditioner

Consisting of 60​% variable costs and 40​% fixed costs.

Selling price= 20​% markup to full costs.

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:

Unitary cost= 240*0.6= $144

Selling price= 144*1.2= $172.8

6 0
3 years ago
This question explores the calculation of the unemployment rate. You will be provided some imperfect employment data for four di
Alik [6]

Answer:

Unemployment rate= 0.13= 13%

Explanation:

Giving the following information:

Of these 95 individuals, 75 are in the labor force and 65 are employed.

<u>To calculate the unemployment rate, we need to use the following formula:</u>

<u></u>

Unemployment rate= unmeployed population / labor force

Unemployment rate= 10/75

Unemployment rate= 0.13

7 0
3 years ago
Which statement is true of entrepreneurs?
strojnjashka [21]

Entrepreneurs are people that make their own business. Most businesses tend to have a rough start and can possibly even fail. It depends on how the person creating the business acts and how determined they are to make the business flourish. Although many rich people may of started off of just one product that got advertised well and was sold quickly. Even if it isn't a product but more so a service, you can be very successful. Just know what the people want.

Hope this helped!


3 0
3 years ago
Read 2 more answers
Other questions:
  • Who is the watchdog over spending of funds?
    12·1 answer
  • Assume you are holding a business meeting with five people, each from a different continent (North America, South America, Europ
    9·1 answer
  • Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be se
    11·2 answers
  • The country of Cretonia is the only source of the rare mineral zhytan used in nuclear reactors. The country of Fredonte can prod
    14·1 answer
  • The demand for loanable funds is downward sloping because the ​______ the interest​ rate, the ​__________ the number of profitab
    10·1 answer
  • Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
    11·1 answer
  • Establishing mutual aid agreements to obtain resources from neighboring jurisdictions is an example of which resource management
    6·1 answer
  • According to Levitt, which of the following statements is true? A. Technology drives the world toward a converging commonalty B.
    5·1 answer
  • Suppose that an economy is currently experiencing a Contractionary Gap due to a recession. The government decides to help the ec
    5·1 answer
  • Read the following statements and decide in which one you think it is ?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!