1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
3 years ago
11

West Company borrowed $48,000 on September 1, Year 1 from the Valley Bank. West agreed to pay interest annually at the rate of 9

% per year. The note issued by West carried an 18-month term. Based on this information the amount of interest expense appearing on West's Year 1 income statement would be:
Mathematics
1 answer:
dusya [7]3 years ago
6 0

Answer:

$1,440

Step-by-step explanation:

Given:

Borrowed amount by west company from valley bank = $48,000

Interest is paid annually = 9% per year

Time period = From 1st September to 31st December

                    = 4 months

The note issued by West carried an 18-month term.

Therefore,

Interest expense = Principal amount × Rate × Time period

                            = $48,000 × 9% × (4 ÷ 12)

                            = $48,000 × 0.09 × (1 ÷ 3)

                             = $1,440

Therefore, the amount of interest expense that will be reported on West's income statement for Year 1 is $1,440.

You might be interested in
Please help!! 30 points if you answer. Answer ASAP!!Which word phrases can be modeled by the expression? Choose exactly two answ
shutvik [7]
N=number A: n divided by 7 minus 10 B: n times 7 minus 10 C: 10 divided by 7 minus n D: n divided by 7 minus 10
8 0
3 years ago
Find x, y, and z.<br><br> Multiple choice answers are below!
labwork [276]

Answer:

<u>The correct answer is B. x ≈ 4.5, y = 5, z = 9</u>

Step-by-step explanation:

1. We will use the Pythagorean theorem for solving for x, this way:

x² = 6² - 4²

x² = 36 - 16

x² = 20

x = √20

x = 2 √5 = 4.47 ≈ 4.5

2. For solving for y, we will do it this way:

There are only two possible options: y = 5, included in answer B or y = 9 as it is defined on answer C.

If we review it carefully, we will realize that y = 9 is not accurate because as we can see in the graph y + 4 = z and in this specific case, 9 + 4 ≠ 5 but it's true that 5 + 4 = 9.

<u>Because of this reason, the correct answer is B. x ≈ 4.5, y = 5, z = 9</u>

7 0
4 years ago
A line passing through the point (-8,-3) and has a slope of 5/4
ValentinkaMS [17]

Answer:

y=5/4x+7

Step-by-step explanation:

Honestly, I just guessed and checked, but here is a picture of evidence.

5 0
3 years ago
Read 2 more answers
1. Intervention may be called A.addicts, mentally ill people,
Yuki888 [10]

Answer: 1. mentally ill people

2. c

3.answer choices ?


Step-by-step explanation:


7 0
4 years ago
Read 2 more answers
Mrs Gutierrez ordered 1 cheese pizza, 1 pepperoni pizza, and 1 sausage pizza. Each pizza is cut into 12 pieces. The students are
OleMash [197]

Answer:

1 whole or 12/12

Step-by-step explanation:

so you go and subtract and you ad what each one equals

                                       10-12=2

                                         9-12=3

                                         3-12=9

                                      ---------------

                                      =  1 whole OR 12/12

7 0
4 years ago
Other questions:
  • Which property is shown (5×3)+(5×9)=5×(3+9)
    11·1 answer
  • Solve for m.<br><br> -5m = -35<br> m = <br> please exsplain your answer theroly
    7·2 answers
  • Last night the Warriors made 12 free throws. If their free throw percentage is 75%, how many free throws were attempted ?
    12·1 answer
  • After that incident, the Civil defense team decided to buy new trucks with ladders higher than 100 feet. They found 2 different
    9·1 answer
  • Write the equation of a line of a line passing through the points (3,1) and (6,3).​
    5·2 answers
  • Ms. Rogers asked 15 piano students how many hours of practice they put in each week. The list shows the data she recorded.
    9·1 answer
  • Will give brainlist asap
    5·2 answers
  • ILL GIVE BRAINLIST TO WHOEVER ANSWERS PLS ANSWER
    13·2 answers
  • Nine cyclists were each asked the distance in miles they biked last week.
    5·1 answer
  • Can someone help asap
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!