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Minchanka [31]
3 years ago
10

On December 1, Victoria Company signed a 90-day, 8% note payable, with a face value of $16,200. What amount of interest expense

is accrued at December 31 on the note? (Use 360 days a year.)
Business
1 answer:
elixir [45]3 years ago
6 0

Answer: Interest expense=$108

Explanation:

Interest expense =Principal x Rate x Time ( Period)

Where

Principal = $16,200

Rate =, 8%

TIme ( Period ) =  From December 1st to 31`st = 30 days

Interest expense= P x R x T

= $16,200 X 0.08 X 30/360

=$108

The amount of interest expense accrued at December 31 on the note is $108

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valina [46]

Answer:

8%

Explanation:

Calculation to determine the stated annual rate of interest on the bonds

First step is to calculate Semi annual coupon rate

Semi annual coupon rate= 400 ÷ $10,000

Semi annual coupon rate= 4%

Now let determine the Annual rate of interest

Annual rate of interest= 4% × 2 (Semiannually)

Annual rate of interest= 8%

Therefore the stated annual rate of interest on the bonds is 8%

7 0
3 years ago
The ultimate goal of the capital budgeting process is to​ ________. A. list the projects and investments that a company plans to
Tanzania [10]

Answer:

The correct option which represents the ultimate goal of capital budgeting is D) .

Explanation:

Capital budgeting is a kind of planning process which an organization undertakes to see if the investments or projects ( usually long term ) they are considering to invest in are worth funding . This process actually begins with the compiling a list of potential future projects. The ultimate goal of this process is to estimate what would be the effect on organizations cash flow , if a project is accepted or rejected.

8 0
3 years ago
foreign steel exports, a company based in brazil, colludes with other steel-export companies from around the world to agree on t
Tanya [424]

This type of agreement is a violation of the Sherman Act.

A piece of antitrust law from the United States, the Sherman Antitrust Act of 1890, established the idea of unlimited competition between companies. It was authorized by Congress, and its main author is Senator John Sherman. The Sherman Act forbids "any contract, combination, or conspiracy in restraint of trade," as well as "every monopolization, attempted monopolization, conspiracy, or combination to monopolize." In order to avoid monopolistic alliances that impede trade and erode economic competition, the Sherman Antitrust Act was created in 1890. It prohibits both formal cartels and attempts to monopolize any sector of American commerce.

To learn more about Sherman Act: brainly.com/question/2119756

#SPJ4

7 0
1 year ago
One of the challenges for smaller businesses in using collaborative enterprise 2.0 tools is ________.
aleksandrvk [35]
<span>Challenge 1: Technology in the enterprise comes from consumers. Applications such as email and voicemail traditionally sprung from the enterprise itself, with user adoption neatly controlled by IT. Today a lot of technology is coming from consumers directly. Consumers who have been using Web 2.0 tools such as instant messaging, wikis, and discussion forums in their home and social life for years are now the employees expecting the same types of applications in the workplace. What's more, they expect the same levels of performance and ease of accessibility. Add to this the rapid pace of technology, the varied forms of Web 2.0 communications, the sheer amount of content being moved, the increasing mobility of employees, realities of a global workforce (e.g., accommodating varying time zones), and the impact all of this has on your network . . . well, the challenge becomes even greater. How do enterprises keep up with this demand?</span>
3 0
3 years ago
If a firm is worried about distance, country risk, employee morale, intellectual property protection, legal issues, and obtainin
kvasek [131]

Options:

Offshore

Outsource

Keep in-house

Keep domestic

Answer: keep domestic

Explanation: The recruitment options embarked upon by firms may affect the policies or type of processes the firm's employ in overseeing their recruitment process. For firms who seems skeptical about issues relating to distance, legal issues, country risk, morale and other issues listed above, such firms will best be better placed to oversee a hiring process which is restricted to the local environment which the firm is well informed about and devoid of international and legal barriers, oversea culture and mentality which may hamper or affect the required hiring structure of the firm.

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4 years ago
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