Answer:
Increase current liabilities by $278.25; increase non-current liabilities by $15,900.
Explanation:
Quarterly interest expense = Amount borrowed * (Annual interest rate / 4) = $15,900 * (7% / 4) = $15,900 * 1.75% = $278.25
Since, interest is paid at the end of the second and fourth quarters and principal payments are due at the end of each year, that means both the interest expense and the principal are still liabilities at the end of the first quarters.
It should be noted that a three-year promissory note of $15,900 is a non-current liability since its tenure is more than one year, while the quarterly interest expense of $278.25 for the first quarter is a current liability since it is dues within a year.
Therefore, the effect of this new promissory note on the current and non-current liability amounts reported on the classified balance sheet prepared at the end of the first quarter will be as follows:
Increase current liabilities by $278.25; increase non-current liabilities by $15,900.
Answer:
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Answer: 14.4 years
Explanation:
You can use the Rule of 72 to find out.
The Rule of 72 is a very useful formula that shows the amount of time it would take an amount to double given a certain growth rate.
The formula is:
= 72 / Growth rate in whole numbers
= 72 / 5
= 14.4 years
Approximately 14.4 years
Answer:
The correct answer would be D, Who consumes these goods and services.
Explanation:
Economy is all about the production and consumption of products produced and services offered in a country. Economy also involves the money. Economy is truly a place where trading is taking place and this trading involves money supply in the economy. When talking about the economy, there will always be Products, Services and money involved but who consumes these products and services is never the core concern of the economy. So the appropriate answer would be D.
Answer:
Explained below.
Explanation:
Unions perform essentially as a worker's cartels, restraining the number of laborers in a corporation either enterprise to push up the rest of the workers' salaries. They also hinder economic growth including suspension improvement from the reversal. Over time, unions damage jobs in the organizations they regulate and have a similar impact on marketing expenditure as it makes a 33 percentage point corporate revenue cost increment.