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viktelen [127]
3 years ago
8

On December 1, 2021, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer

signed a 6% note requiring the payment of interest and principal on March 1, 2022. How much interest revenue will the company recognize during 2021
Business
1 answer:
Arada [10]3 years ago
6 0

Answer:interest revenue the  company recognize during 2021 is $100

Explanation:

 Interest for  2021 = Principal x Rate x Time

= $20,000 X 6% x 1/ 12 ( From 1st t0 31st December is 1 Month)

=$100

Journal to record accrued interest by  Davenport Company

Date                          Accounts Titles                          Debit         Credit

Dec 31st, 2021               Interest Receivable               $100

                                   Interest Revenue                                         $100

Therefore, the interest revenue the company will  recognize during 2021 is $100.

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Cellant Solar Energy, INC, is a company that produces solar panels for domestic use. It has 800 permanent employees working in d
aev [14]

Answer:

$300,000

Explanation:

A company is implored to pay punitive damages if it only intentionally discriminated against employees or their federally protected rights.

The punitive charges paid under the Civil Rights Act of 1991 is $50,000 per violation, this covers an employee number of 14 - 100. While companies with over 500 employees are expected to pay $300,000 per violation.

Since Cellant Solar Energy, Inc. is involved in a case of intentional employee discrimination and it has 800 permanent employees working in different departments. The maximum punitive damage that they will have to pay under the Civil Rights Act of 1991 is $300,000.

4 0
3 years ago
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1. You are investing $100 today in a savings account at your local bank. Which one of the following termsrefers to the value of
ahrayia [7]
He earned 11$ interest on his 100$
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3 years ago
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Can you solve this activty for me please got stuck,
Katyanochek1 [597]

Answer:

a. The marginal product of each white worker is 143%

b. The marginal product of each black worker is 70%

c. Since, adjusted wage of black labor with d=0.2 is less than the wage of white labor of $2,000, the profit maximizing firm would hire only black labor.

Since, adjusted wage of black labor with d=0.8 is greater than the wage of white labor of $2,000, the profit maximizing firm would hire only white labor.

d. Value of D coefficient that allows to employ black and white labor is 0.43

Explanation:

According to the given data we have the following:

Weekly wage for white labor is $2,000

Weekly wage for black labor is $1,400

production function is Q = 10(EW + EB)

manager production function is Q = 10EW + 10(1 – d) EB

Price of the product is $240

Weekly output is 150 units

a. To calculate the value of the marginal product of each white worker we use the following formula:

marginal product of each white worker=Weekly wage for white labor/Weekly wage for black labor

marginal product of each white worker=$2,000/$1,400

marginal product of each white worker=1.43=143%

b. To calculate the value of the marginal product of each black worker we use the following formula:

marginal product of each black worker=Weekly wage for black labor/Weekly wage for white labor

marginal product of each black worker=$1,400/$2,000

marginal product of each black worker=0.7=70%

c. To describe the employment decision we have to calculate the adjusted wage of black labor with d=0.2 and d=0.8 as follows:

adjusted wage of black labor with d=0.2=Wage black(1+D coefficient)

=1,400(1+0.2)

=1400(1.2)

=1,680.

Since, adjusted wage of black labor with d=0.2 is less than the wage of white labor of $2,000, the profit maximizing firm would hire only black labor.

adjusted wage of black labor with d=0.2=Wage black(1+D coefficient)

=1,400(1+0.8)

=1,400(1.8)

=2,520

Since, adjusted wage of black labor with d=0.8 is greater than the wage of white labor of $2,000, the profit maximizing firm would hire only white labor.

d. To calculate for what value(s) of d is a firm willing to hire blacks and whites we would have to calculate the following formula:

Wage black(1+D coefficient)=Wage white

1,400(1+D coefficient)=2,000

(1+D coefficient)=2,000/1,4000

D coefficient=1.43-1

D coefficient=0.43

Value of D coefficient that allows to employ black and white labor is 0.43

4 0
3 years ago
Discretionary fiscal policy will stabilize the economy most when Group of answer choices deficits are incurred during recessions
inessss [21]

Answer:

deficits are incurred during recessions and surpluses during inflations

Explanation:

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. These policies are carried out in a recession when the government wants to increase total spending

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes . These policies are carried out in periods of inflation when the government wants to reduce money supply in the economy

4 0
2 years ago
A market research company employs a large number of typists to enter data into a computer database. The time it takes for potent
monitta

Answer:

<u><em></em></u>

  • <u><em>4.75% of the candidates takes more than two hours to learn the computer system.</em></u>

<u><em></em></u>

Explanation:

The relevant information to solve the problem is:

  • 1. <em>The time it takes to learn follows a Normal distribution </em>

  • 2.<em> The mean is 90 minutes</em>

  • 3. T<em>he standard deviation is 18 minutes</em>

  • 4. <em>The question is What proportion of candidates takes more than two hours to learn the computer system?</em>

Then, you shall calculate the Z-score and use a standard distribution table to look up the Z-score and the corresponding probability.

Repeating myself from a recent answer, "there are two types of standard distribution tables: tables that show values that represent the AREA to the LEFT of the Z-score, and tables that show values that represent the AREA to the RIGHT of the Z-score".

<u>1. First, calculate the Z-score:</u>

       Z-score=\frac{x-mean}{standard\text{ }deviation}

                          x=2hours=120min

        Z-score=\frac{120-90}{18}\approx 1.67

<u>2. Use the table that represents the area to the right of the mean to find the ratio of typists that have a Z-score greater than 1.67.</u>

          Probability=0.0475=4.75\%

Therefore, 4.75% of the candidates takes more than two hours to learn the computer system.

4 0
3 years ago
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