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gavmur [86]
2 years ago
10

On September 1, 2021, Middleton Corp. lends cash and accepts a $13,000 note receivable that offers 9% interest and is due in six

months. How much interest revenue will Middleton Corp. report during 2022? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
a) $421.
b) $235.
c) $302.
d) $195.
Business
1 answer:
melamori03 [73]2 years ago
7 0

Answer:

d) $195.

Explanation:

Interest revenue to in 2022 = ($13,000*9%) * 2 months/12 months

Interest revenue to in 2022 = $1,170 *2 months/12 months

Interest revenue to in 2022 = $1,170 *  0.1667

Interest revenue to in 2022 = $ 195.039

Interest revenue to in 2022 = $ 195

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vladimir1956 [14]

Answer:

The options for this question are the following:

a. Star

b. Cash Cow

c. Question Mark

d. Dog

e. None of these

The correct answer is b. Cash Cow .

Explanation:

The cash cow is a metaphor for a cash cow that produces milk throughout its life and requires little maintenance. A cash cow is an example of a cash cow, since after the initial capital outlay has been paid, the cow continues to produce milk for many years. These cash generators can also use their money to repurchase shares in the market or pay dividends to shareholders.

A cash cow is a company or business unit in a mature, slow-growing industry. Milk cows have a large market share and require little investment. For example, Apple (NASDAQ: AAPL) is considered a cash cow because it has established a well-defined niche in wireless gadgets. The different Apple product lines generate cash for other business lines at the beginning of their life cycle. On the contrary, a star is a company or business unit that operates in a high-growth industry. Question marks are the problematic son of the BCG shared growth matrix. They operate in high-growth markets and require capital to grow, but the probability of success is unknown. Dogs do not require much cash, but due to age, they tend to absorb large portions of capital.

6 0
3 years ago
What is joint tenancy?
NeTakaya

Answer:

Explanation:

Joint tenancy is a lawful course of action in which at least two individuals possess a property together, each with equivalent rights and commitments. When one of the proprietors in a joint tenure dies, that proprietor's interest in the property goes to the survivors without the property experiencing the courts.

3 0
3 years ago
Trade restrictions tend to preserve ________ in the protected industries and lead to ________ in other industries.
wolverine [178]
Trade restrictions tend to preserve relatively few jobs in the protected industries and lead to job losses in other industries. Trade restrictions can vary from quotas, embargoes, standards, subsidies, tariffs and more that make it hard to trade (important/export) goods between two companies and also set prices for these. Depending on what is allowed and what is not different industries can benefit from the trade restrictions and some can be harmed by them. 
8 0
3 years ago
The normal capacity of Noel Company is 4,000 units per month. At this volume, budgeted fixed and variable factory overhead are $
drek231 [11]

Answer:

option (b) $900 U

Explanation:

Data provided in the question:

Normal capacity = 4,000 units per month

Budgeted fixed overhead = $16,000

Budgeted Variable factory overhead = $20,000

Actual overhead incurred = $37,900

Now,

Budgeted variable factory overhead cost per unit = $20,000 ÷ 4,000

= $5

Flexible budget variable factory overhead = 4,200 × $5

= $21,000

Total Variable budgeted factory overhead = $21,000 + $16,000

= $37,000

Variance = Budgeted overhead - Actual overhead

= $37,000 - $37,900

= - $900

or

$900 Unfavourable

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5 0
3 years ago
When there are economies of scale, (1pts) Question 12 - When there are economies of scale, Select d) output does not affect per-
Tresset [83]

Answer:

per-unit costs decrease as output increases

Explanation:

In simple words, Economies of scale can be understood s the cost benefits that businesses receive as a result of their size of operation. As the expense per unit of production decreases because scale increases. Because expenses are dispersed among a greater quantity of items this occurs.

Thus, from the above we can conclude that the correct option is B.

7 0
3 years ago
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