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
Deffense [45]
3 years ago
5

At December 31 year-end Connor Company has a $9,500 note from a customer. Interest of 12% has accrued for 8 months on the note.

What will Connor's income statement for the year ended December 31, report for this situation? a. Nothing because the company has not received the cash yet. b. Interest Revenue of $760 c. Note Receivable of $9,500 d. Both B and C
Business
1 answer:
jonny [76]3 years ago
7 0

Answer:

b. Interest Revenue of $760

Explanation:

The computation is shown below:

= Note amount × rate of interest × number of months ÷ total number of months

= $9,500 × 12% ×  8 months ÷ 12 months

= $760

This amount would be represented as an interest revenue.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Therefore the correct option is b.

You might be interested in
Which aspect of zipcar's strategy makes it a practitioner of conscious marketing?
Arada [10]
It was known as the Zipcar concept.  Using the social media platform, the business was directly linked to the market. It made them get the edge they wanted to be more popular as their customers get to engage themselves they are already attracting potential clients. Being more popular also equates to added value in the market. 
7 0
3 years ago
Read 2 more answers
A mobile veterinary business, preferred pet care, inc., created a mission statement long before it opened its doors for business
Artemon [7]
I had to look for the options and here is my answer:
Based on the mission of a mobile veterinary business given above, aside from the ones listed, other criteria that should be considered for their mission statement is the description of the customers that they serve and also their social responsibility to the area where they operate since they transfer from one place to another.

5 0
3 years ago
Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the time was $37.50. Of the 10
Yuliya22 [10]

Answer:

a. $144 million

Explanation:

The computation of the amount of money raised is shown below:

But before that we have to find out the amount raised and underwriting fees which is given below:

Amount raised by company is

= 4 million × $37.5  

= $150 million

And,

underwriting fees is

= $150 million × 4%

= $6 million

So, amount raised by the company is

= $150 million - $6 million

= $144 million

We deduct the underwriting fees from the raised amount

5 0
3 years ago
the contribution margin income statement allows users to easily judge the impact of a change in ______ on profit.
Ne4ueva [31]

The blank space has been correctly filled below:

  • The contribution margin income statement allows users to easily judge the impact of a change in <u>selling price, cost, or volume</u> on profit.

The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.

After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,

Net product revenue - Total variable cost ÷ product revenue.

A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.

Learn more here:

brainly.com/question/24596251

6 0
2 years ago
The coach is weighing a slightly increased risk of losing against a slightly decreased risk of injury to the star quarterback. t
Sonja [21]

The missing word in the blank is :

small

hence the completed paragraph is:

The coach is weighing a slightly increased risk of losing against a slightly decreased risk of injury to the star quarterback. this weighing of trade-offs is an example of marginal thinking, because the star quarterback was in for most of the game, and the coach's decision concerns <u><em>small</em></u> shifts in probabilities with the game nearly over.

3 0
4 years ago
Other questions:
  • Questions for managing quality
    6·1 answer
  • Yvette is a customer of Apexon Bank, which is a member of the FDIC. She currently has a checking account that has $17,371 and a
    7·1 answer
  • When the cost method is used to account for a stock investment the carrying value of the investment is affected by
    8·1 answer
  • Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that
    7·1 answer
  • A company can deem an employee as salaried
    7·1 answer
  • Fast delivery trains its truck loaders how to set the packages in the delivery vehicles, so that when delivery drivers are pulli
    6·2 answers
  • ________ is seen as a way to stimulate gains in economic efficiency by giving owners a powerful incentive—the reward of greater
    9·1 answer
  • Challenge Tennis​ &amp; Recreation's operating activities for the year are listed below. Purchases ​$174 comma 800 Operating exp
    12·1 answer
  • Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that is lower than the minimum wage. decided b
    15·1 answer
  • From the projects center dashboard, once you have chosen an individual project, what 2 things can be selected?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!