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e-lub [12.9K]
3 years ago
11

On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200

when due on December 30. In its December 31 balance sheet, what amount should World report as note payable
Business
1 answer:
nasty-shy [4]3 years ago
6 0

Answer: $758,300

Explanation:

The total amount payable on December 30 is:

= Amount borrowed + interest

= 1,000,000 + (1,000,000 * 9%/4 quarters)

= $1,022,500

After the payment of $264,200, balance will be:

= 1,022,500 - 264,200

= $758,300

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good rental history helps build credit

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A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent
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8 0
4 years ago
Suppose in the short run a firm’s production function is given by Q = L 1 2 K 1 2 and that K is fixed at K = 10. If the price of
Furkat [3]

The firm’s marginal cost of production when the firm is producing 50 units of output is 33.33

Solution:

The production function is Q = \sqrt{L * K}

The initial value is 10 units. The production value is 50 units The manufacturing cycle needs work as stated below.

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L = (\frac{Q}{3.162} )^{2}

The wage rate is $15 . The following is the expense of the manufacturing process.

TC = P_{L} * L + P_{K} * K

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The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.

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6 0
3 years ago
A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
Verdich [7]

Answer:

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Under variable costing,    

Period costs are fixed costs

Fixed Manufacturing Overhead= $298,700.00

Fixed selling & Admin costs= $128,700.00

Total Period cost for the month= $427,400.00  

5 0
3 years ago
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