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NARA [144]
2 years ago
12

The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest

are payable in full at maturity on May 1, 2022. In connection with this note, The Pita Pit should report interest expense at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
A. $0.
B. $3,960.
C. $11,880.
D. $23,760.
Business
1 answer:
pantera1 [17]2 years ago
5 0

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense  at December 31, 2021 is calculated as shown below:

I=PRT

R=12%=0.12

P=$198,000

T=2 Months=(2/12) year

I=198,000*0.12*(2/12)

I=$3960

The correct option will be "B. $3,960."

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Candy is trying to decide between two job offers. The compensation package for job A includes a $300 per-month health insurance
krok68 [10]

Answer:

Job A's health insurance benefit = $2,460 per year

Job B's health insurance benefit = $3,540 per year

Explanation:

we have to calculate the net monthly benefits for each health insurance plan offered to Candy = total insurance plan benefit - candy's contribution.

Then we multiply the monthly benefit by 12 months to find the yearly value.

Job A's health insurance benefit = $300 - $95 = $205 x 12 months = $2,460 per year

Job B's health insurance benefit = $400 - $105 = $295 x 12 months = $3,540 per year

5 0
3 years ago
Ruggles Circuit Company manufactures circuit boards for other firms. Management is attempting to search for ways to reduce manuf
boyakko [2]

Answer:

B) Rearrange the production floor.

Explanation:

First step is to calculate the manufacturing labor costs for the Current operations and new proposal

Calculation for the manufacturing labor costs for the Current operations

Current operations manufacturing labor costs =5 workers * 2,100 hours * $8.00

Current operations manufacturing labor costs = $84,000

Calculation for the manufacturing labor costs for the new proposal

New Proposal manufacturing labor costs=4.5 workers *2,000 hours * $9.00

New Proposal manufacturing labor costs = $81,000

Based on the above calculation the decisions that the management should accept is to REARRANGE THE PRODUCTION FLOOR if they want to reduce the company manufacturing labor costs reason been that the manufacturing LABOR COSTS for the current operations is $84,000 which means it is higher than the manufacturing LABOR COST for the new proposal which is $81,000

Therefore the management should REARRANGE THE PRODUCTION FLOOR because with the new proposal manufacturing labor costs will reduce.

8 0
3 years ago
Programming languages used to create artificial intelligence and expert system applications are often called _____
SSSSS [86.1K]
<span>Programming languages used to create artificial intelligence and expert system applications are often called fifth generation languages. This programming language works by solving using the restrictions given to the program unlike the conventional method of using an algorithm developed by a programmer.</span>
8 0
3 years ago
Use the following information for Problems 35 through 40 A potential investor is seeking to invest $1,000,000 in a venture, whic
vodka [1.7K]

Answer:

0.3797 or 37.97%

Explanation:

According to the scenario, computation of the given data are as follow:-

Wants Rate on return on investment = 50%

Expected value of return on investment = invested amount × (1+g)^t

= $1,000,000 × (1+50%)^5

= $1,000,000 × 7.59375

= $7,593,750

Similar venture would achieve valuation of $20,000,000 for $2,000,000. We can expect that company would achieve similar valuation of $20,000,000 in 5 years from now.

Investor’s share value at 5 years = $7,593,750 ÷ $20,000,000

= 0.3797 or 37.97%

4 0
3 years ago
A primary difference between macroeconomics and microeconomics is
sleet_krkn [62]

'Micro is the study of individuals and business decisions while macroeconomics while macro studies the decisions of the governments and countries.'

Microeconomics examines individual markets while macroeconomics examines the economy.

6 0
2 years ago
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