On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the maturity value of the note on March 1

Answers

Answer 1
Answer:

Answer:

$9,236.71

Explanation:

The computation of the maturity value of the note is shown below:-

Interest Amount = ($9000 × 8%) × 120 ÷ 365

= $720 × 120 ÷ 365

= $236.71

So, the Maturity Value is

= Face value + Interest amount

= $9,000 + $236.71

= $9,236.71

Therefore for computing the maturity value we simply applied the above formula.


Related Questions

A form of government spending that is not made in exchange for a currently produced good or service is called
A widely used activity base for developing factory overhead rates in highly automated settings is a.machine hours b.direct materials c.direct labor hours d.direct labor dollars
Which of the following is true of first movers? a. The first mover cannot be able to establish brand loyalty. b. Being a first mover guarantees instant success. c. The first mover cannot create switching costs for its customers to deter rivals. d. The first mover that creates a revolutionary product is in a monopoly position. e. The first mover has no opportunity to exploit network effects and positive feedback loops.
Kent Enterprises purchased a truck for $60,000 on January 1 of its first year. The company uses the units-of-activity method and it estimates that the truck’s useful life will be 100,000 miles. The truck will have an estimated salvage value of $10,000. The company drives the truck 25,000 miles in the first year and drives it 20,000 miles in the second year. How much accumulated depreciation will be reported on the company’s balance sheet as of the end of the second year?
Wentworth's Five and Dime Store has a cost of equity of 11.4 percent. The company has an aftertax cost of debt of 5 percent, and the tax rate is 35 percent. If the company's debt–equity ratio is .74, what is the weighted average cost of capital?

If the government wants to reduce GDP by $500 million, the most appropriate action is: contractionary fiscal policy, which includes a reduction in government spending by $500 million.
contractionary fiscal policy, which includes a reduction in government spending by more than $500 million.
contractionary fiscal policy, which includes a reduction in government spending by less than $500 million.
expansionary fiscal policy, which includes an increase in government spending by $500 million.
expansionary fiscal policy, which includes an increase in government spending by more than $500 million.
expansionary fiscal policy, which includes an increase in government spending by less than $500 million.

Answers

Answer:

The correct answer is the first option: contractionary fiscal policy, which includes a reduction in government spending by $500 million.

Explanation:

On one hand, Gross Domestic Product, or GDP, is the name given in the field of economics, to the term that refers to a monetary measure of the market value of all the goods and services that are produced in the economy of a country in an specific time period of evaluation.  

On the other hand, a contractionary fiscal policy indicates the fact of reducing the amount of money spent in the economy, therefore that the main focus of this type of policy is to try to lower the public expenditure basically.  

Therefore that it is understandable that the correct answer is the first option where the action would be of reducing the government spending by $500 million, according to what the question ask.

Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupied that day. The company debited Prepaid Rent and credited Cash for $44,400.Prepaid RentStep 1: Determine what the current account balance equals.

Step 2: Determine what the current account balance should equal.

Step 3: Record the December 31 adjusting entry to get from step 1 to step 2

Answers

Explanation:

The computation is shown below:

a. The current account balance equal to $44,400

b. The current account balance equal to

Since the company prepaid rent for two years is $44,400 but we have to compute four four months i.e from September 1 to December 31

We assume the books are closed on December 31

So, the current account balance is

= $44,400 - $7,400

= $37,000

The $7,400 is come from

= $44,400 × 4 months ÷ 24 months

= $7,400

c. And, the adjusting entry is

Rent expense A/c Dr $7,400

            To Prepaid rent A/c $7,400

(Being rent expense is recorded)

Which examples demonstrate common Governance workplaces and employers? Check all that apply.Melissa works in Washington, D.C., writing and voting on federal laws.
Danette uses a vehicle to deliver US mail to people who live in a city.
Gavin was elected as a city council member in his hometown.
Vito works in a US embassy in China helping Americans with paperwork.

Answers

Answer:

a and c

Explanation:

did it on edge 2020

Answer:

A and C! edge 2020!

Explanation:

Suppose that Lucy’s demand for private concerts (performed by Schroeder) is given by the following equation Suppose that the cost of concerts is $2. What is Lucy’s Consumer Surplus? a. 15 b. 10 c. 12.50 d. 20

Answers

Answer:

d. 20

Missing Information:

Qd = 15 - (5)/(2) P

Explanation:

TO sovle for the consumer surplus we need to get the equilibrium price and quantity.

If P = 2 then:

Qd = 15 - (5 / 2) x 2 = 15 - 5 = 10

Now we need to knwo how much is the price that makes Lucy do not consume:

We solve for Qd = 0

0 = 15 - (5/2) x P

p = 15 / (5/2) = 6

Now we calculate the area of the consumer surplus which is the area of the demand curve above the equilibrium price.

10 x (6-2) / 2 = 10 x 4 / 2 = 20

_______ describes approaches that recognize differences between target markets by using individual marketing mixes.a. market segmentation
b. segmentation criteria
c. segmented marketing strategy

Answers

Answer:

Option C, Segmented marketing strategy

Explanation:

Segmented marketing strategy is a process of breaking down the targeted audience into smaller groups so that it can be easily managed. The criteria’s used for breaking down the market include – geography, behaviour, demography and Psychographic.

Hence, option C is correct

14. Colin is making a braise for a catered lunch. How should Colin prepare the vegetables for the braise? A. Cut into large pieces
B. Puréed
C. Cooked separately beforehand

Answers

Answer: The correct answer isA; cut into large pieces.

Explanation:

When cooking a meal using the braising technique, the meat, including poultry,  and vegetables need to be cut into large pieces. The vegetables and other items in the braise will be covered with enough liquid to only cover the meat and/or vegetables. The braise is then covered and simmered so that the food cooks evenly with the heat and steam. When making a stew, the vegetables should all be cut into equal slices.