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ser-zykov [4K]
4 years ago
5

Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal a

nd interest are payable in full at maturity on October 31, 2022. In connection with this note, Universal Travel, Inc. should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
a. $8,000.b. $30,000.c. $5,000.d. $25,000.
Business
1 answer:
Marrrta [24]4 years ago
7 0

Answer:

The interest payable on the loan is $5,000,option C

Explanation:

The interest is the cost incurred by the company for borrowing the $500,000 since no one is willing to part with their cash in loan agreement except that they have something in return.

The company has taken custody amount for 2 months (from November 1 2021 to 31 December 2021),hence it should recognized an interest payable for 2 months,which is computed thus:

interest payable=$500,000*6%*2/12=$5,000

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Harrington Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is
Setler79 [48]

Answer                            

                           Machining Department    Assembly department        

POAR   =        $5 per machine hour         200% of direct labor cost

Explanation:

Under absorption costing, overheads are charged to products using pre-determined overhead absorption rate. With this rate, overhead are included in the cost of every unit produced.

The rated is computed follows:

Predetermined overhead absorption rate (POAR)

= Estimated overhead for the period/Estimated activity level

Machining Department

POAR =25,000/ 5,000 machine hours=$5 per machine hour

Assembly department

PIAR = $30,000/15,000× 100 = 200% of labor cost

3 0
3 years ago
What would be the most challenging part of working in Information technology
stellarik [79]

Answer:

The most challenging part of working in information technology are as given below:

1. Workload

2. Cybersecurity

3. Skills gaps

4. Digital transformation

5. Cloud computing

6.Budget

7.Leadership support in prioritizing new skills development

8.Analytics and data management

9.Automation

Explanation:

Many have been facing a new hurdle—not confined to IT. As millions of people adjust to the new norm of remote working, employees, as well as supervisors had to learn quickly how to improve virtual communication and collaboration. For those who don't have the habit of working from home, it may be a fight to avoid distractions that aren't a factor if you work at an office. (e.g. family members, house chores, Netflix).

In the event of a difficult transition to remote work, we offer various training courses designed specifically to help teams maximize virtual technologies and enhance soft skills, which are more critical when staff is in separate places.

4 0
3 years ago
express warranties arise when a seller or lessor indicates any of the following:1. that the goods conform to any AFFIRMATION (de
Anastaziya [24]

Answer:

The answer is: 1. that the goods conform to any AFFIRMATION (declaration that something is true) OF FACT or PROMISE that the seller or lessor makes to the buyer or lessee about the goods. such affirmations or promises are usually made during the bargaining process (ex these will easily penetrate stainless steel, and w/o dulling)

Explanation:

Express warranties are warranties that are clearly stated by the seller either verbally or in writing during the bargaining process.

Express warranties are created by a seller's affirmation of any promise which relates to the product sold during the bargaining process. If the seller provides any description of the product during the bargaining process, this description becomes an express warranty. Any sample that is shown by the seller during the bargaining process becomes part of the express warranty (the product should be the same as the one shown).

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If Kelly were to consider enhancing productivity by giving greater authority to her subordinates and increasing formalization, s
EastWind [94]

Kelly would be considering structural changes.

Major technological changes today include the introduction, automation, and computerization of new devices, tools, or methods. Automation is a technological shift that replaces humans with machines that function automatically without human intervention.

Resistance to change – is caused by selfishness, misunderstanding, distrust, and general intolerance to change. People resist change for their own benefit and are afraid that change may sacrifice something or rob something that is important to them.

Productivity gains have enabled the US corporate sector to produce nine times as many goods and services since 1947 with relatively little increase in working hours. Increased productivity allows the economy to produce and consume more goods and services for the same amount of work.

Learning more about enhancing productivity at

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2 years ago
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