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bonufazy [111]
2 years ago
9

On July 8, Jones Inc. issued an $80,000, 6%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends J

uly 31. Using a 360-day year, what is the amount of interest expense recognized by Jones in the current fiscal year? When required, round your answer to the nearest dollar.
Business
1 answer:
Otrada [13]2 years ago
3 0

Answer:

$307

Explanation:

The computation of the interest expense is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $80,000 × 6% × (23 days ÷ 360 days)

= $307

The 23 days is taking from July 8 to July 31

We simply applied the simple interest formula by multiplying the principal amount with the rate of interest and the time period

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Inga [223]

Answer: d. 30%

Explanation:

Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.

However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.

6 0
2 years ago
What can be researched about a nonprofit organization through a regulatory agency?
Alex787 [66]

<u>Answer:</u>

<em>The level of compliance to nonprofit status regulations.</em>

<u>Explanation:</u>

<em>A non profit association (NGO) </em>is a non-benefit, native based gathering that capacities autonomously of government. Operational NGOs, which spotlight on improvement projects.

Although NGOs are constantly responsible monetarily to contributors, there are no lawful way to control their exercises abroad. (A few governments have compromised NGOs' assessment status when they have reprimanded the <em>international strategy of the benefactor government</em>.)

4 0
1 year ago
Read 2 more answers
During Year 6, Kincaid, Inc. earned $85,000 of cash revenue. The company incurs all operating expenses on account. The Year 6 be
igomit [66]

Answer:

a.  Amount of operating expenses recognized during the accounting period = Account payable closing balance + Cash payment - Opening balance

= $25,000 + $40,000 - $2,000

= $63,000

b.  Net income earned during the accounting period = Cash revenue - Amount of operating expenses recognized

=  $85,000 - $63,000

= $22,000

C.  Amount of cash flow from operating activities =  Net income + Increase in current liability  

= $22,000 + ($25,000 - $2,000)

= $45,000

6 0
1 year ago
Which of the following is not associated with firms following the global standardization strategy? A. Low pressures for local re
zvonat [6]

Answer:

The correct option is D. Customize product offering and marketing strategy to local conditions

Explanation:

Global standardization strategy refers to the ability to use a particular standard of marketing internationally. In other words, it's the ability for an organization to use the same marketing strategy from one country to another country, and across various cultures.

What this means is that an organisation using the global standardization strategy will treat the world as largely one market and one source of supply with little local variation.

Therefore, the firms following the global standardization strategy will not Customize product offering and marketing strategy to local conditions .

4 0
2 years ago
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Identify the sales promotion technique based on the given scenario. Tara’s company has launched a new perfume. The company recen
Anestetic [448]

Loyalty Points From the Customers.

Explanation:

The company is trying to have loyalty points by reducing the gap between the customer and the organisation.

1. Since Tara's company has received bad publicity they are trying to improve as through various sales promotion techniques the customers perception towards the company and its product would change.

2. This would have a win-win situation at both the end. The Business would create not only monitory profits by also have loyal customers that are satisfies at the other end.

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