A company receives a 6%, 120-day note for $2,400. The total interest due on the maturity date is (Use 360 days a year.) ?
Q: provide accounting answer?
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA): It measures how efficiently a…
Q: Greenfield Industries sells a product for $80 per unit. Variable costs per unit are $50, and monthly…
A: Step 1: We use the basic Break-even and Target Profit Formula to calculate how many units Greenfield…
Q: Find accounting answer
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the direct cost…
Q: BlueSky Corp. has $1.5 million in current assets and $700,000 in fixed assets, less $250,000 in…
A: Step 1: Definition of EquityEquity represents the ownership interest held by shareholders in a…
Q: Hii expert please given correct option general accounting question
A: Step 1: : Calculation of Net SalesNet Sales is the revenue generated from the sale of goods or…
Q: Help with accounting question
A: Step 1: Definition of Break-Even PointThe break-even point is the level of sales at which total…
Q: Answer
A: Calculation of Total ContributionTotal Contribution = Units Sold x (Selling Price - Variable Cost)…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Rate Earned on Stockholders' Equity and Rate Earned on Common Stockholders'…
Q: general accounting
A: Step 1: Definition of Price/Earnings (P/E) RatioThe Price/Earnings (P/E) Ratio measures how much…
Q: Please provide this question answer what is its dividend yield ? General accounting question
A: The dividend yield is calculated using the formula:Dividend Yield=(Annual Dividends per Share/Market…
Q: Account Question
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…
Q: Silverline Enterprises has Total Assets of $9,750, Contributed Capital of $5,200, and Retained…
A: To find the total amount of liabilities on the balance sheet, we use the accounting equation:…
Q: Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost…
A: Step 1: Definition of the High-Low MethodThe High-Low Method is a cost estimation technique used to…
Q: What would be the net sales reported on elite tools 2023 income statement for this financial…
A: Step 1: Definition of Net SalesNet sales is calculated as total sales minus sales returns and…
Q: SUBJECT FINANCIAL ACCOUNTING
A: Explanation of Net Income:Net income is the company's total profit after all expenses, including…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Book Value and Loss on Asset ExchangeBook Value: The value of an asset as…
Q: Ans
A: Step 1: Cost of goods sold:- Cost of goods sold means the cost incurred in manufacturing goods.…
Q: General accounting
A: Step 1: Define Net IncomeNet income is the profit a company earns after deducting all costs,…
Q: e-Mart has net sales on account of $900,000 and an average net accounts receivable of $450,000.
A: Step 1: Definition of Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio…
Q: Last year a business had sales of $520,000, a turnover of 3.0, and a return on investment of 58%.…
A: Step 1: lets Understand the Relationships Between Financial MetricsBefore we start calculating,…
Q: Get correct solution and accounting
A: Step 1: Definition of Coupon RateThe coupon rate is the annual interest rate paid by the bond issuer…
Q: What are Generally Accepted Accounting Principles (GAAP)? Ex
A: The Generally Accepted Accounting Principles (GAAP) are a set of rules, standards, and practices…
Q: What is the unit product cost for the month
A: Explanation of Absorption Costing:Absorption costing is a method of product costing that includes…
Q: Accounting
A: Step 1: Definition of Cash Paid for Income TaxesCash paid for income taxes refers to the actual cash…
Q: Need financial account answer
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: Which of the following best describes standard costs? A) Costs used as a budget for a single unit of…
A: Correct Answer:A) Costs used as a budget for a single unit of productExplanation:Standard costs…
Q: Assuming no safety stock, what is the re-order point (R) given an average daily demand of 65 units,…
A: The question is asking for the Reorder Point (R) assuming no safety stock.I agree with the notion…
Q: Give correct solution for this financial accounting question
A: Step 1: Definition of Quick RatioThe Quick Ratio, also known as the Acid-Test Ratio, measures a…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Net SalesNet Sales is the revenue earned by a company from sales of goods or…
Q: Estimated variable portion of maintenance costs
A: Explanation of Fixed Cost:Fixed cost is an expense that remains constant regardless of the level of…
Q: Give me Answer
A: To estimate the appropriate stock price, we use the price-sales ratio formula: Stock Price =…
Q: answer ?? General accounting
A: Step 1: Define Financing Activities in the Statement of Cash FlowsFinancing activities are…
Q: Subject:-- financial accounting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial metric that…
Q: Satya Enterprises reported the cost of goods sold on its income
A: Step 1:To calculate the cost of goods sold to a cash basis, it must be adjusted to increase or…
Q: Accounting
A: Concept of Total AssetsTotal assets represent everything a company owns that has value, including…
Q: account
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL)…
Q: Summit Outdoors began the year with an accounts receivable balance of $150,000 and ended the year…
A: To calculate the receivables turnover ratio, we'll use the following formula:Receivables Turnover…
Q: need help this question
A: To find the arithmetic average annual return, use the formula: Rˉ=4R1+R2+R3+R4 where:- R1 =…
Q: Calculate the employer's total FUTA and SUTA taxes. As TCLH Industries operates in North Carolina,…
A: Employer's FUTA and SUTA Tax Calculation TCLH Industries operates in North Carolina, where: SUTA…
Q: This is accounting problem ... youn
A: Calculations and Explanations1. Contribution Margin per Machine HourSelling Price per Unit:…
Q: Not chatgpt solution
A: Concept of Straight-Line DepreciationStraight-line depreciation is a method of allocating the cost…
Q: Right Answer
A: Concept of Annual SalesAnnual sales refer to the total revenue a company generates from selling…
Q: General accounting?
A: Step 1: Definition of Break-Even Point (in Units)The break-even point in units is the number of…
Q: Can you help me with accounting questions
A: Step 1: Definition of Units-of-Production DepreciationUnits-of-production depreciation is a method…
Q: How much is the total overhead cost at this level of activity ? General accounting question
A: Step 1: Define Standard Cost (Overhead Costs)Standard costs are predetermined estimates of costs…
Q: Please provide answer the following requirements a and b on these financial accounting question
A: Step 1: Definition of Comprehensive IncomeComprehensive income includes all changes in equity during…
Q: Income from operations for Division X is $300,000, total service department charges are $500,000,…
A: Step 1: Definition of RevenuesRevenues represent the total amount earned by a business from its…
Q: Solve with explanation and accounting question
A: Step 1: Definition of Cash Flow CycleThe Cash Flow Cycle (Cash Conversion Cycle) is the period of…
Q: Correct Answer
A: Concept of Total Assets:Total assets refer to everything a company owns that has economic value and…
Q: Sub general accounting
A: Step 1: Definition of Operating LeverageOperating Leverage: It measures how sensitive a company's…
Subject general accounting
Step by step
Solved in 2 steps
- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms of the note show a maturity date of 36 months, and an annual interest rate of 8%. What is the accumulated interest entry if 9 months have passed since note establishment?Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual interest rate of 3.5%, due in 6 months. What journal entry is created when Jain honors the note?
- A loan company advertises that $100 borrowed for one year may be repaid by 12 monthly installments of $9.46. Assuming the difference between the amount repaid and the amount borrowed is interest only, what is the effective annual interest rate being charged?A company issues a $10,000 two-year, 4% note payable, repayable in 8 quarterly installments with fixed principal payments. How much is the first installment payment?Assuming a 360-day year, when a $12,919, 90-day, 6% interest-bearing note payable matures, total payment will amount to:
- ou were paying your fully amortising loan at 8.2% per annum for 12 years. The current monthly payment is $1,492 per month. What is the remaining loan balance at the end of year 2? Please rounded your answer to two decimal points (e.g. 8000.158 is rounded to 8000.16)What annual interest rate is earned by a 17-week T-bill with a maturity value of $1,700 that sells for $1,680.88? ... The annual interest rate is %. (Type an integer or decimal rounded to three decimal places as needed.)Assuming a 360-day year, when a $16,098, 90-day, 8% interest-bearing note payable matures, total payment will be
- The interest charged on a $234000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)A company has a $500,000 30 year fixed loan payable at an interest rate of 4% monthly loan payments are set at $2,387.08. for the first month’s payment, the interest portion of the payment is $1,666.67. the entry to record the first months loan payment ( assuming no previous accrual) would include a debit to cash in the amount of $1666.67 loan payable in the amount of $2,387.08 interest expense for $1666.67 cash in the amount of $ 2,382.08Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total payment will be ______ .Round your answer to the nearest whole dollar. a.$1,764 b.$15,141 c.$441 d.$16,464