User Account

All Pages

What is the amount of interest

Assignment Help Accounting Basics
Reference no: EM132708600

Question - On December 1, 2020, the company borrowed $972,000 at 8% per year. Interest is paid quarterly. What is the amount of interest?

Reference no: EM132708600

Questions Cloud

What is the total amount of pitts inventory at year-end : What is the total amount of Pitts' inventory at year-end? Marketable securities 25,000. Work in process 176,000. Finished goods 150,000
Calculate the amount of each lease payment : ABC Leasing Company purchased specialized equipment from Hernandez Company on March 1, 2020 for $1,200,000. Calculate the amount of each lease payment
How does microeconomics work in a specific company : Microeconomics paper, how does microeconomics work in a specific company or a certain era like the pandemic where going thru. The papers must include a cover.
What important factors should a firm : What important factors, in addition to quantitative factors, should a firm consider when it is making a capital structure decision?
What is the amount of interest : On December 1, 2020, the company borrowed $972,000 at 8% per year. Interest is paid quarterly. What is the amount of interest
Discuss the assumptions of each models and give examples : There are four market models: perfect competition, monopolistic competition, oligopoly and monopoly. Briefly discuss the assumptions of each of these four.
Which impacts is not expected to be reported : Which impacts is not expected to be reported in the comparative financial statements when two-year comparative statements are presented?
What is the fixed maintenance cost per unit : Maintenance Cost = $2,200,000 + $150X, where X = Number of Heart Stents. Last year, Alisha produced 35,000 stents. What is the fixed maintenance cost per unit

Reviews

Write a Review

Accounting Basics Questions & Answers

  A city adopts the general fund budget the budget estimates

a. a city adopts the general fund budget. the budget estimates that 2000000 in property taxes will be received

  Calculate the sales for december

Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).)

  Compute the tepper cost recovery deductions

Compute Tepper's 2016 cost recovery deductions related to the assets listed (showing calculations for each asset)

  The adjusted trial balance for apachi company is presented

Prepare an income statement and an owner's equity statement for the year. Apachi did not make any capital investments during the year.

  Compute companys times interest earn under each alternative

Compute the company's times interest earned (pretax operating income divided by interest expense) under each alternative.

  Corans delivery company and enrights express delivery

Coran's Delivery Company and Enright's Express Delivery exchanged delivery trucks on January 1, 2010. Coran's truck cost $22,000. It has accumulated depreciation of $15,000 and a fair market value of $4,000.

  What journal entry PHN Foods prepare to record compensation

What journal entry will PHN Foods prepare to record executive compensation regarding these shares at December 31, 2010 and December 31, 2011

  Should the store drop the clothing line of business

The VTZ department store has three major product lines: hardware, clothing, and sporting goods. Should the store drop the clothing line of business

  Make the journal entry to dispose of the overhead variance

Prepare the journal entry to dispose of the overhead variance using the immediate write-off method. Factory overhead costs are applied at 90% of direct labor.

  Company wants an ending inventory

Carson Inc., a retail establishment, expects sales of $500,000 of a particular item in March. Its gross profit percentage is 60 percent. The ending inventory in February of this item cost $40,000 and the company wants an ending inventory of $38,00..

  Determine the cost of the land and the cost of the building

Determine the cost of the land and the cost of the building as they should be recorded on the books of Cheyenne Co. Assume that the land survey

  Compute the amount of realized gross profit recognized

(a) Compute the amount of realized gross profit recognized in each year.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd