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
Roman55 [17]
3 years ago
7

jingle company signs a 6-month, $20,000 note. stated interest rate is 8% payable at the maturity date. interest incurred on the

note is calculated as
Business
1 answer:
SIZIF [17.4K]3 years ago
5 0

The interest that Jingle Company will incur on the note is calculated as $800.

Interest Expense is incurred as payment for the use of the funds for a period of six months at 8% annual interest.

Data and Calculations:

Note Payable = $20,000

Stated interest rate = 8%

Payment period = 6 months

Interest incurred = $800 ($20,000 x 8% x 6/12)

Thus, since the maturity date of the note is in six months, the interest incurred by Jingle Company is $800.

Read more: calculating interest on note payable at brainly.com/question/19755278

You might be interested in
Buying used cars is a good way to avoid depreciation. <br> a. True <br> b. False
IceJOKER [234]
Your answer should be true
4 0
3 years ago
If investors are risk averse and hold only one stock, we can conclude that the required rate of return on a stock whose standard
telo118 [61]

Answer:TRUE

Explanation: Standard deviation is the rate of spread of numbers or values around the Mean of the numbers or values, it can also be described as the square root of the variance of a set of numbers or values. In financial analysis, the rate of return is the amount net income of a business entity over a given period of time. A risk averse investor is an investor who will try as much as possible to avoid risk even with high profit investment.

So for a risk average person to take on the investment with higher standard deviation it means the rate of return will be Higher.

6 0
3 years ago
A formula that calculates the total dollar value of all goods and services produced in a nation and all the goods and services p
Lina20 [59]

Answer:

Gross National Product (GNP)

Explanation:

According to Investopedia, "the Gross National Product is the value of a nation's finished domestic goods and services during a specific time period".

*Note that the GNP should NOT be confused with the GDP (Gross Domestic Product). The GDP only accounts for the value of goods and services produced within a nation's borders, while the GNP also adds the value of services produced by that country's employees and companies in other nations.

7 0
3 years ago
A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provid
pentagon [3]

Answer:

A pay policy line <u>reflects the pay structure in the market, which always matches rates in the organization.</u>

Explanation:

A pay policy line is the salary level and organization chooses to pay its employees compared to the standard salary level in the market.

Organizations would prefer not to overpay or underpay their employees. Therefore they consider the standard pay structure of the market and match the amount they pay their employees to this structure.

8 0
3 years ago
Alex, a 25-year-old banker, joined his friends at a "pub-hopping" trip that had participants visiting six bars in a two-hour spa
Mrac [35]

Answer:

Yes because Janine cannot void the contract

7 0
3 years ago
Other questions:
  • Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is e
    13·1 answer
  • ​Fender, which uses a standard cost​ system, manufactured 20 comma 000 boat fenders during 2018​, using 141 comma 000 square fee
    14·1 answer
  • Which of the following is an example of the unethical practice of discrimination at work?
    12·1 answer
  • Determining Financial Statement Effects of Write-Offs and Bad Debt Expense Using the Allowance Method
    8·2 answers
  • Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells
    8·1 answer
  • Julie has a desk right next to her manager's office. whenever her manager is in the office, julie makes sure that she works hard
    12·1 answer
  • Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future. Matthew eagerly accepts. Do they h
    13·1 answer
  • The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corres
    6·1 answer
  • An asset used in a four-year project falls in the five-year MACRS class for tax purposes The asset has an acquisition cost of $5
    14·1 answer
  • A ZERO COUPON BOND IS SOLD FOR 550 DOLLARS AND MATURES IN 35 YEARS WHAT IS THE YTM
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!