on july 1, atlantic cruise lines issues a $200,000, eight-month, 6% note. interest is payable at maturity. what is the amount of interest expense that the company would record in a year-end adjusting entry on december 31?
Answers
Maturity date = July 1 + 8 months = March 1
Total interest incured on maturity = 200,000(0.0625) 8/12 = $8,333.33
Number of months as at December 31 = 6 months
Therefore, the amount of interest expense that the company would record in a year-end adjustment on december 31 is given by:
Interest expense = 8,333.33/8 * 6= $ 6,250.
What is Interest expense?An interest expense is the cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any borrowings—bonds, loans, convertible debt or lines of credit. It is essentially calculated as the interest rate times the outstanding principal amount of the debt. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.For most people, mortgage interest is the single-biggest category of interest expense over their lifetimes as interest can total tens of thousands of dollars over the life of a mortgage as illustrated by online calculators.To learn more about mortgage refer to:
https://brainly.com/question/1318711
#SPJ4
Related Questions
what do we call the process of turning future cash flows into current cash flows?
Answers
The practice of converting future cash flows into present cash flows is known as discounting.
What does income vs. cash flow mean?A cash flow statement displays the precise dollar amounts of a business's cash inflows and outflows over a certain time period. The most typical financial statement, the income statement, details a company's gross receipts and total expenses, including noncash accounting charges like depreciation over time. The primary distinction between cash flow and profit is that the former refers to the money that remains after all costs have been met, whilst the latter refers to the net movement of cash into and out of an organization. Because it enables you to both meet your current financial responsibilities and make plans for the future, cash flow is crucial. However, small enterprises frequently face difficulties with cash flow.
To know more about cash flow visit:
brainly.com/question/29768594
#SPJ4
List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
when writing a recommendation report using an indirect strategy, how should you present alternative solutions?
Answers
When writing a recommendation report using an indirect strategy, presenting alternative solutions is an important part of the report.
The indirect strategy is often used when the topic is complex or controversial, and it is important to present the evidence and reasons before making a recommendation.
When presenting alternative solutions, it is important to be fair and objective. Each alternative solution should be presented clearly and concisely, with the pros and cons listed. It is important to give equal attention to each alternative solution, and not to favor one over another.
After presenting the alternatives, it is necessary to evaluate each solution based on the criteria established in the report. This evaluation will help the reader to see which solution is best based on the evidence presented. Finally, the recommendation should be made, and the reasons for the recommendation should be clearly stated.
To learn more about recommendation reports
https://brainly.com/question/29469113
#SPJ4
Which words means finds its food; a consumer.?
Answers
Answer:
The word that means finding its food is hunting
mom???????????????????????
Answers
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
Oral evidence in contract disputes is prohibited by:Multiple Choicea parol contract.an executory contract.an inferred contract.an unspecified contract.the parol evidence rule.
Answers
The parol evidence rule will not permit evidence of an oral agreement that is inconsistent with a written term, for as to that term the contract is integrated.
"Parol evidence” is generally oral evidence. It is beneficial and may be admitted under certain circumstances after the parties agree to a final written agreement. For example, if the parties to the contract made a mistake, such as omitting or mistakenly listing a term, parol evidence may be considered.
The parol evidence rule is an evidentiary rule in contract disputes which generally makes evidence of agreements outside the parties' written contract inadmissible. That is, under the parol evidence rule any agreement that is not contained within the written contract is inadmissible in court.
Learn more about Oral evidence at
https://brainly.com/question/11190327
#SPJ4
taylorism attempted to use scientific principles to better handle which aspect of business?
Answers
Taylorism attempted to use scientific principles to better handle industrial production in a business.
The term Taylorism was a scientific management theory that was proposed by Frederick Taylor.
It was a factory management theory that was established in the nineteenth century in order to raise efficiency.
To do this every step in the industrial manufacturing process had to be broken down so that the production would be more specialized and the tasks would be repetitive.
Read more on https://brainly.com/question/1933121?referrer=searchResults
Which statement best explains why the United States grew into a world
economic power in the 20th century?
O A. The United States prevented other countries from abandoning the
gold standard.
O B. The United States increased its participation in international trade.
C. The United States put effective trade barriers in place to limit trade
with other nations.
D. The United States stayed out of major world wars and instead
made economic investments.
Answers
Answer:
B. The United States increased its participation in international trade.
Explanation:
The correct option is - B. The United States increased its participation in international trade.
1. Why is it important to be able to write out a check properly ?
Answers
Answer:
yes is very predominant
Explanation:
because you can find out that you have done mistakes and submit incorrect work,, is very important to check more than twice to make sure you didn't do anything wrong
agnes pays state income tax equal to 3.75% of her federal taxable income. she pays federal income tax equal to 28.4% of her federal taxable income. this year, she paid $15,449.60 in federal income tax. how much did agnes pay in state income tax?
Answers
Based on the information the amount that Agnes paid as state income tax is $2,040.
First step is to calculate Agnes federal taxable income
Federal taxable income=$15449.60/0.284
Federal taxable income= $54,400
Second step is to calculate Agnes state income tax
State income tax=0.0375 ×$54,400
State income tax=$2,040
Inconclusion the amount that Agnes paid as state income tax is $2,040.
Learn more here:
https://brainly.com/question/12600097
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
Why would applying to as many scholarships as possible reduce your student debt?
Answers
Most scholarships provide financial/tuition aid. This means more of your tuition is paid out of the organization/government's pocket, versus out of your own. With no scholarships, you'd likely need to get a loan to fully pay off tuition; which would launch you into student debt. With partially paid off tuition, you don't need nearly as much money for tuition (but likely still need a loan), so this debt would be reduced by quite a bit.
According to the video, what are some things Manufacturing workers can do to move up to supervisory and management positions? Check all that apply.
operating machinery
avoiding repetitive work
demonstrating knowledge
coming up with a better way to mass-produce a product
going to college
keeping machinery clean
Answers
Answer:
demonstrating knowledge
coming up with a better way to mass-produce a product
going to college
Explanation:
I got it wrong these are correct:(
The answers are /C, D, E/
/3, 4, 5/
"demonstrating knowledge",
"coming up with a better way to mass-produce a
product",
"going to college"
I want to give more credit to the other person for answering first, though
You're Welcome.
Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.
Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Answers
Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
What is progressive and regressive tax?
Answers
Answer: progressive tax is a tax that takes a larger percentage of income from high-income groups than from low-income groups. Regressive Tax is a tax that takes a larger percentage of income from low-income groups than from high-income groups.
The purpose of _____ is to set goals and decide on the courses of action that will be used to achieve them.
Answers
Answer:
Planning
Explanation:
I think is the answer lmk if its wrong:)
Answer:
Planning
Explanation:
most enjoyable aspects of a fashion stylist ?
Answers
Answer:
creative, artistic, ambitious, passionate
Explanation:
When an investor uses the equity method to account for investments in common stock, the investor’s share of cash dividends from the investee should be recorded as:.
Answers
It should be noted that When an investor uses the equity method to account for investments in common stock, cash dividends received by the investor from the investee should be recorded as deduction from the investor's share of the investee's profits.
What is an Equity method?Equity method can be regarded as a process of treating investments when dealing with associate companies.
In this method, cash dividends received by the investor from the investee should be recorded as A deduction from the investor's share.
Learn more about Equity method at;
https://brainly.com/question/14591988
Why do consumer advocates advise against using alternative financial services?.
Answers
Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
What is a financial service?It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.
In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
Learn more about financial services on:
https://brainly.com/question/1357912
Each product item in the product mix may require a separate marketing strategy.
a. true
b. false
Answers
True, each product item in the product mix may require a separate marketing strategy.
The answer is True.
Each product item in the product mix may require a separate marketing strategy because each product item has its own unique set of target customers, competitive landscape, and marketing challenges. For example, a company that sells both smartphones and laptops may need to use different marketing strategies for each product item. The smartphone marketing strategy may focus on targeting young, tech-savvy consumers, while the laptop marketing strategy may focus on targeting business professionals.
Here are some of the reasons why each product item in the product mix may require a separate marketing strategy:
Different target markets: Each product item may have a different target market with different needs and wants. For example, a company that sells both children's clothing and adult clothing may need to use different marketing strategies for each product item. The children's clothing marketing strategy may focus on targeting parents, while the adult clothing marketing strategy may focus on targeting adults.
Different competitive landscapes: Each product item may face a different competitive landscape. For example, a company that sells both smartphones and laptops may face different competitive challenges in each market. The smartphone market is more competitive than the laptop market, so the company may need to use a more aggressive marketing strategy for smartphones.
Different marketing challenges: Each product item may face different marketing challenges. For example, a company that sells both physical products and digital products may face different marketing challenges for each product type. The physical products marketing strategy may focus on traditional marketing channels, while the digital products marketing strategy may focus on online marketing channels.
In conclusion, each product item in the product mix may require a separate marketing strategy because each product item has its own unique set of target customers, competitive landscape, and marketing challenges.
To learn more about product here:
https://brainly.com/question/31368802
#SPJ4
the creative director for a successful advertising agency. An important client has requested that your agency come up with a new ad campaign for one of their most popular products. Account services wants to be able to present this campaign to the client in two days. This has the potential to be an incredibly stressful project. Which type of leadership style might be most effective if you want to complete the project by the deadline
Answers
In this situation, where there is a tight deadline and a high potential for stress, a transformational leadership style would likely be the most effective.
This leadership style focuses on inspiring and motivating team members to achieve a common goal and can be particularly effective in creative industries like advertising.
By emphasizing teamwork, creativity, and a shared vision, a transformational leader can help keep the team focused and energized despite the pressure of the deadline.
Additionally, this style often involves clear communication, collaboration, and a willingness to take risks and try new things, all of which could be helpful in developing a successful ad campaign quickly.
While it may be tempting to adopt a more authoritarian leadership style to try to ensure that everyone stays on task, this could ultimately stifle creativity and result in a less successful campaign.
By contrast, a transformational leader can help bring out the best in team members and generate a truly innovative and effective ad campaign.
Know more about the transformational leadership style here:
https://brainly.com/question/14531259
#SPJ11
if u in my comments pressed imma get disrepectfull am i right or wrong ?
Answers
Answer:
Explanation:
wrong
What method is used to account for an equity investment in voting stock when the investor lacks significant influence?
Answers
Typically the “cost method” is used in the cases when an investor has little information in holding the significant influence or when an investor does not fully exercise the influence or control over the investee.
So, in accounting, the cost method is used in cases where there is a need of recording sure and convinced investments in a company's financial statements.
The stock is represented as a non-current asset on a balance sheet using the cost method, at the historical purchase price, and is not changed unless shares are sold or more shares are bought already.
Every dividend that is received is reported as income and is subject to taxation as such.
For more questions like Equity Investment visit the link below:
https://brainly.com/question/14447353
#SPJ4
Calculate the FV for the following 3 scenarios. Investment scenario #1:
You invest $1,000 (PV) for 10 years (n) at an interest rate of 5% (r). What is the amount you would receive at
the end of 10 years (FV)?
Investment scenario #2:
You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Investment scenario #3:
You invest $10,000 (PV) for 30 years (n) at an interest rate of 12% (r). What is the amount you would receive
at the end of 30 years (FV)?
PLEASE ANSWER WITH WORK SHOWN :)
Answers
Answer:
?
Explanation:
Answer:
$2191.12
Explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
FV=C_0\times (1+r)^n, where,
C_0=\text{Initial amount},
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
4\%=\frac{4}{100}=0.04
FV=\$1,000\times (1+0.04)^{20}
FV=\$1,000\times (1.04)^{20}
FV=\$1,000\times 2.1911231430334194
FV=\$2191.1231430334194
FV\approx \$2191.12
Therefore, the bond would be $2191.12 worth in 10 years.
How much is the peso mark-up if the selling price is P15 and the purchase cost is P10.00?
Answers
Answer:
Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.
Explanation:
Which is the best description of mixed economy Mcq? a. economic decisions are determined based off of what has always been done. b.the people make all of the economic decisions. can. the government makes all of the economic decisions. d. the people and the government both play a role in economic decisions.
Answers
The people and the government both play a role in economic decisions is the best description of a mixed economy. Here option D is the correct answer.
A mixed economy is an economic system where both the private and public sectors play a role in the economy. Private individuals and businesses make decisions about production and consumption, while the government regulates certain aspects of the economy and provides public goods and services.
This means that the government, through its policies, regulations, and programs, will play a role in shaping the economy, but it also allows for a degree of economic freedom for individuals and businesses, allowing them to make decisions about their own economic activities.
To learn more about mixed economy
https://brainly.com/question/28793850
#SPJ4
a resident california taxpayer gets a $1,000 check from the california lottery for winnings, and wins another $5,000 in nevada on a casino trip. what amout is taxable to the state of california?
Answers
The amount that would be taxable to the state of California, based on the amount won by the resident California taxpayer is $0.
How much is taxed to the taxpayer?In the state of California, the current tax laws are such that there are no taxes on winnings from gamblings in casinos. This rule or law, stands regardless of the location of the casino.
This means that if the casino was in California, Nevada, or even New York, a person is not charged on their gambling winnings. The resident California taxpayer would therefore pay an amount of $0 on their lottery wins.
Find out more on taxes in California at https://brainly.com/question/29237424
#SPJ1
Why principle of indemnity not applies in life insurance?
Answers
Explanation:
The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.
Reina Organics, retailer of online beauty products, uses packaging that makes customers feel like they are receiving a present. This is an example of meeting which packaging challenge
Answers
Reina Organics is meeting the challenge of creating a memorable and personalized customer experience through their packaging.
Reina Organics understands that packaging is not just about protecting the product but also about creating a unique brand identity and providing a positive customer experience. By using packaging that makes customers feel like they are receiving a present, they are able to create a memorable and personalized experience for their customers. This not only increases customer satisfaction but also helps in brand loyalty and word-of-mouth advertising. Moreover, their packaging can also help to differentiate their products from their competitors, which is essential in the highly competitive online beauty industry. Therefore, Reina Organics is meeting the challenge of creating a memorable and personalized customer experience through their packaging.
Learn more about brand identity: https://brainly.com/question/12495783
#SPJ11
2. Which of the following is NOT true?
A mortgage loan is a secured loan.
OA personal loan is a secured loan.
Loan terms are the information written in a loan agreement.
OA personal loan is an unsecured loan.
Answers
The statement "A personal loan is a secured loan" is NOT true.
What is a personal loan?A loan is a financial agreement between a borrower and a lender, where the borrower receives a certain amount of money from the lender and agrees to repay it with interest over a set period of time. The personal loan is generally a type of unsecured loan, which means that it is not secured by any collateral. On the other hand, a mortgage loan is a secured loan as it is secured by the property being purchased.
Therefore, loan terms are the information written into a loan agreement, such as the interest rate, payment period, and any fees or penalties associated with the loan.
Find out more about loan on:
https://brainly.com/question/20688650
#SPJ1