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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.

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Eduardwww [97]

Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

If 45 workers are hired, they would cost:

= 45 * 105 per worker

= $4,725

Added to the fixed cost, the total cost would be:

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The profit would be:

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3 years ago
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3 years ago
Which of the following might experience a factor of failure related to expansion?
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a

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3 years ago
Marco is from the Mediterranean coast of Greece and Forough is from Iran. While visiting their grocery store, you notice that th
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Its Polychronic culture use of time.

Explanation:

The polychronic has a meaning that the person is open to do different things in the same time. When it comes to a culture, it means the person is raised in the way that they accept an interruption while doing one thing. They are raised that it is normal for a person to do many things in the same time.

The opponent of polychronic is a monochronic culture. In monochronic a person is raised in the way that he should be focus only on one thing. Polychronic culture often be seen in

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While Monochronic usually can be found in

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Learn more about monochronic culture in brainly.com/question/6861769

#LearnwithBrainly

7 0
3 years ago
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