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KATRIN_1 [288]
3 years ago
6

On January 1, 2019, Moira, Inc. borrowed $100,000 on a 10-year 9% installment note payable to buy the Rosebud Motel. The terms o

f the note require 10 equal annual payments each December 31 for 10 years. The required journal entry to record the first payment on the note on December 31, 2019 would include a debit to Notes Payable in the amount of
Business
1 answer:
finlep [7]3 years ago
3 0

Answer:

$15,582

Explanation:

On this question, use the Time Value of Money Techniques to find the the Annual Instalment (PMT).The amount of annual installment can be calculated using a Financial Calculator as :

PV = $100,000

N = 10

I = 9 %

FV = 0

P/YR = 1

PMT = ?

Entering the data as shown in a financial calculator gives an annual instalment (PMT) of $15,582.

The payment journal would be :

Note Payable $15,582 (debit)

Cash $15,582 (credit)

Thus, this would be a debit to Notes Payable in the amount of $15,582.

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Your company's human resource manager is away from the office on vacation, and you have four open positions to fill in your depa
DaniilM [7]

Answer:

An interview

Explanation:

  • Job interviewing is one of the most common methods companies use to recruit new candidates. The interview involves a conversation between prospective candidates and recruiting firm members, usually one candidate at a time.
  • However, there may be one or more members of the interview panel. Through the interview, the candidate's communication skills can be tested as there is an interaction between the interviewer and the interviewer
5 0
3 years ago
Which trade strategy have developing countries used to replace commodity exports with exports such as processed primary products
Igoryamba

Answer: Export promotion

Explanation: Economic policies made by the government in other to encourage the sale and marketing of it's product or derivative of the nation's natural resources beyond the local market, allowing foreign or international trading of goods produced locally. With export promotion, commodity export which often involves selling raw materials as is, developing countries can take advantage of the several derivatives of a certain raw material before preparing for export which will boost revenue and also ensure that the local market get more in return. Export promotion strategies has allowed local industries sit up and rise to the challenge and compete with foreign rivals in the processing, production and manufacturing of goods.

3 0
3 years ago
You are running a hot Internet company. Analysts predict that its earnings will grow at 30% per year for the next five years. Af
Andrej [43]

Answer:

The present value of the future earnings is $51,981,214.36

Explanation:

The present value of the earning can be calculated by discounting the earnings for the next five years along with calculating the terminal value of earnings at the end of the five years when the growth rate in earnings becomes constant and discounting it back to the present value.

Taking the value in millions,

Present Value = 1 * (1+0.3) / (1+0.08)  +  1 * (1+0.3)^2 / (1+0.08)^2  +  

1 * (1+0.3)^3 / (1+0.08)^3  +  1 * (1+0.3)^4 / (1+0.08)^4  +  1 * (1+0.3)^5 / (1+0.08)^5  + [( 1 * (1+0.3)^5 * (1+0.02) / (0.08 - 0.02)) / (1+0.08)^5]

Present value = $51.98121436 million or $51,981,214.36

8 0
2 years ago
What employee census data should sally gather to prepare for a benefits bid?
PilotLPTM [1.2K]

The employee census data that should be gathered by Sally to prepare for a benefits bid are;

  • Name
  • Age or date of birth
  • Number of dependents.

<h3>What are employee census data?</h3>

Employee census data can be regarded as the information needed from the employee to file a benefits bid.

Therefore, Name and Age are required for employee census data that should be gathered by Sally to prepare for a benefits bid.

Learn more about employee census data at:

brainly.com/question/25741658

3 0
2 years ago
Coffee Bean Co. Competes in the crowded coffee bean product category and sells its products in grocery stores and other stores s
Naddika [18.5K]

Answer:

"Commodity-like" is the appropriate response.

Explanation:

  • A commodity seems to be a simple item that would be compatible with other commodities of almost a similar sort used in exchange.
  • Commodities have been used another very commonly in the manufacture of other products or services as inputs. The consistency of the product in question may vary marginally, but it is generally standardized across suppliers.
6 0
3 years ago
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