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
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

You might be interested in
Which of the following might vary in on online purchase depending on where the purchaser lives?
kondaur [170]

Answer:

The sales tax

Explanation:

8 0
3 years ago
Read 2 more answers
Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,0
satela [25.4K]

Answer:

Accounting profit will be $500000

Economic profit will be $200000

Explanation:

We have given number of units produces = 200000

Cost of one unit = $10

So total cost of production = 100000×$10 = $1000000

Explicit cost = $1500000

And implicit cost = $300000

We know that accounting profit = revenue - explicit cost = $1000000-$1500000 = $500000

And economic profit = revenue - implicit cost = $1000000-$300000 = $200000  

7 0
3 years ago
Kooky Cookies Corporation purchased the Crazy Cookie Company. Although this was initially an acquisition, the merging of these t
WINSTONCH [101]

Answer:

The answers are Horizontal and Vertical respectively.

Explanation:

Horizontal integration refers to the expansion strategy adopted by the corporations which involves acquisition of one company by another company where both the companies are in the same business line and at same value chain supply level, whereas, Vertical integration refers to the expansion strategy adopted by the corporations where one company acquire another company who is at the different level, usually at the lower level of its value chain supply process.

3 0
2 years ago
Your neighbors have offered to pay you to look after their dog while they are on vacation. It will take you one hour per day to
love history [14]

Answer:

C the value you place on one hour of leisure

Explanation:

Here are the options to this question:

OA $15, because overtime wages are generally 1.5 times your regular wage when you work more than eight hours a day OB. $10, because that is your opportunity cost of one hour of work OC the value you place on one hour of leisure OD. zero, because your regular job is not available for more than eight hours per day

Caring for the dog won't interfere with my job as I can care for the dog either before or after work.

What I would be sacrificing to care for the dog would be the time I would have spent resting or doing leisure activities. So the least amount I should charge is the value i place on one hour of leisure.

I hope my answer helps you

8 0
3 years ago
Cruise Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this​ par
s344n2d4d5 [400]

Answer:

Maximum price= $11.9

Explanation:

Giving the following information:

Assuming a production level of 6,300 ​units:

Direct materials $ 4.20

Direct labor $ 4.30

Variable manufacturing overhead $ 3.40

The fixed overhead costs are unavoidable

Because the fixed overhead costs are unavoidable, we will concentrate on the variable costs.

The maximum price would be the total variable cost:

Total variable cost= 4.2 + 4.3 + 3.4= $11.9

Maximum price= $11.9

4 0
3 years ago
Read 2 more answers
Other questions:
  • You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price is $60,000, and it would co
    7·1 answer
  • What role do values play in making ethical decisions?
    10·1 answer
  • The specific protection that the insurer provides to the policy holder is known as which of the following?
    7·2 answers
  • What were your consideration in selecting your costumer?
    11·2 answers
  • A method of concealing receivables skimming by crediting one account while abstracting money from a different account is known a
    10·1 answer
  • Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
    13·1 answer
  • Suppose that as a result of a housing price​ decline, the value of the​ bank's securitized assets falls by an uncertain​ amount,
    10·1 answer
  • Which two methods are used most often when establishing a transfer price??
    8·1 answer
  • Stitch Fix is an online personal styling service that was founded in 2011. This company combines computer algorithms with human
    11·1 answer
  • What is the most common form of tax filing?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!