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
Xelga [282]
3 years ago
5

Jane's Donut Co. borrowed $200,000 on January 1, 2021, and signed a two-year note bearing interest at 12%. Interest is payable i

n full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of: Group of answer choices $50,880. $0. $24,000. $48,000.
Business
1 answer:
Katen [24]3 years ago
7 0

Answer:

$24,000

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $200,000 × 12%

= $24,000

We simply multiplied the borrowed amount with the rate of interest so that the interest expense could come

hence, the third option is correct

You might be interested in
Jason is a small business owner. he has a dry cleaning business. one year, jason has to replace nearly all of his equipment, and
evablogger [386]
They can settle their creditor debtor relations out of court through a WORKOUT.
A workout refers to an out of court arrangement in which a debtor and a creditor reach some agree about how the debtor is going to pay the creditor back.
8 0
3 years ago
Read 2 more answers
All of the following are true statements about the relationship of education employment except:
vovangra [49]
A. "there is not a relationship between education and employment", is false
8 0
3 years ago
A flexible budget variance is $1,500 favorable for unit-related costs. This indicates that: A. actual costs were $1,500 more tha
lys-0071 [83]

Answer:

D. actual costs were $1,500 less than for the planned level of activity.

Explanation:

D. actual costs were $1,500 less than for the planned level of activity.

the budget depicted more $1500 expenses for certain units production.

4 0
3 years ago
External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.
Lerok [7]

Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies

Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.

It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

4 0
3 years ago
The Constitution sets out the authority and the limits of the branches of the government.
kotegsom [21]

Answer:

The correct answer is c. ​each branch has some power to limit the actions of the others.

Explanation:

The separation of powers or division of powers is a political principle in some forms of government, in which the legislative, executive and judicial powers of the State are exercised by distinct, autonomous and independent organs of government. This is the fundamental quality that characterizes representative and presidential democracy.

Montesquieu argued that “every man who has power is inclined to abuse it; He goes until he finds limits. So that the power cannot be abused, it is necessary that, by the disposition of things, the power stops the power ».3 In this way, the vigilance of the three powers among themselves is entrusted as each one watches, controls and stops the excesses of others to prevent, by their own ambition, that some of them predominate over others. It can be contrasted with the fusion of powers and separation of functions in parliamentary systems, where the executive and the legislature are unified, because the legislature appoints the executive.

3 0
3 years ago
Other questions:
  • Suppose the Federal Reserve sells Treasury bills. We can expect this transaction to _____ the money supply, _____ Treasury bill
    5·1 answer
  • The most recently-introduced tool of monetary policy is the:
    14·1 answer
  • An example of forbearance is ________. Select one: A. past consideration B. selling assets to avoid payment to creditors C. a pr
    7·1 answer
  • Capri Realty is the exclusive representative of Verde Ridge subdivision. Capri sales staff will temporarily work out of a model
    12·1 answer
  • At December 31, 2018 and 2019, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumul
    5·1 answer
  • You have just deposited $10,500 into an account that promises to pay you an annual interest rate of 6.4 percent each year for th
    14·1 answer
  • 1. Drawing on discussions of informational justice, how should Andrea approach the morning briefing? Should she be honest and in
    8·1 answer
  • A $20 bill features which of the following on the reverse?
    13·1 answer
  • Describe the slope of the supply curve. How does the slope reflect the law of supply?
    12·2 answers
  • Neeraj carves wooden squirrels, which he sells to benefit the local nature center. he charges $30 for each squirrel. squirrels a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!