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Nady [450]
3 years ago
15

Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be

Business
1 answer:
Akimi4 [234]3 years ago
6 0

Answer:

Date     Journal Entry                    Debit          Credit

              Cash                              $25,437.50

                     Interest Revenue                         $437.50

                     Note Receivable                          $25,000

Workings

Interest = $25,000 * 7% * 90/360 = $437.50

​​​​​​​Cash received = $25437.50

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the biggest challenge facing the growth of new franchises is: A) market saturation B)competition from independent entrepreneurs
Furkat [3]

Answer:

(A) market saturation

Explanation:

A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

6 0
3 years ago
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th
RSB [31]

Answer:

$1,933.32

Explanation:

Total materials handling cost for the year = $16,652.90

Total direct labor hours:

= [(Total expected units produced for wall mirrors × Expected direct labor hours per unit for wall mirrors) + (Total expected units produced for Specialty Windows × Expected direct labor hours per unit for Specialty Windows)]

=  [(13,400 × 6) + (1,320 × 8)]

= 80,400 + 10,560

= 90,960

Cost per Direct labor hour:

= Total Expected material handling cost ÷ Total direct labor hours

= $16,652.90 ÷ 90,960

= $0.18308

Material handling Cost allocated to specialty windows:

= Cost per Direct labor hour × Direct labor Hours

= $0.18308 × (1,320 × 8)

= $0.18308 × 10,560

= $1,933.32

Therefore, the total materials handling cost allocated to the specialty windows is closest to $1,933.32 .

6 0
3 years ago
Eric and Ginny Gaffney live in Swarthmore, PA. Ginny's father, Kenji, lives in Sweden. For each of the following transactions th
Vaselesa [24]
That’s a lot that you put together
4 0
3 years ago
When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually.
Gennadij [26K]

Answer:

Correct option is (c)

Explanation:

Given:

YTM (yield to maturity) (Rate) = 12%

Coupon rate = 11%

Face value = $1,000,000

Coupon payment (pmt) = 0.11 × 1,000,000 = $110,000

Time period (nper) = 10 years

Selling price of the bond is the present value of the bond which can be computed using spreadsheet function =PV(rate,nper,pmt,FV)

=PV(0.12,10,110000,1000000)

Present value of bond is $943,498 which is close to option (c)

5 0
3 years ago
what importance does the stationery and information sources play in the effective and efficient Operation of an organization?​
gavmur [86]

Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "<u>the source of quality and quantity data on the production input</u>."

Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:

  • It serves as the place to gather data about the strengths and weaknesses of the firms.
  • It is also the source to gather the information opportunities and threats of the organizations.
  • It is also a source of keeping records of finance, employees, success, and failures of the firms.

Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.

Learn more here: brainly.com/question/25264343

6 0
2 years ago
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