answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Today we see a very low unemployment rate with a controlled and acceptable inflation rate. Which of the following statements cou
serious [3.7K]

Answer:

A. All of these 3 other possible answers that are listed here are true reasons.

Explanation:

If we are to use wage the rate of change in wages or inflation, as a proxy for inflation in the economy, when there is unemployment, the number of persons searching for work is significantly greater than the number of jobs available for the people who are unemployed. What we mean is, the supply of labor is greater than the demand for it.

With the availability of many workers, there's little need for employers to "bid" for the services of employees by paying them good wages.

7 0
1 year ago
Read 2 more answers
When Arturo Gomez opened his Mexican restaurant in a fashionable suburb of Kansas City, he believed that the most important elem
Lady bird [3.3K]

Answer:

B. Selling

Explanation:

Selling involves all activities both personal and impersonal, aimed at finding buyer for a particular product or service. It is also an act of targeting, informing and persuading buyers to buy a product or service.

One of the main purpose of selling is to make profit. For an individual to make profit through sales, he/she must be aggressive in terms of advertising the products either through local papers or coupons and must also employ other sales strategies in order to get consumers to buy the products.

Other purpose of selling is to address the customer's area of needs by making the products suitable to their needs available and also maintain good customer relationship afterwards.

4 0
1 year ago
Carmen’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $400,
stiv31 [10]

Answer:

The amount of cash Carmen’s Dress Delivery expects to collect from accounts receivable during January is $299,000

Explanation:

The computation of the cash collection is shown below:

= Sales × remaining percentage + opening balance of accounts receivable - ending balance of accounts receivable

= $400,000 × 0.70 + $60,000 - $41,000

= $280,000 + $60,000 - $41,000

= $299,000

The remaining percentage equal to

= Percentage - drop percentage

= 100% - 30%

= 70%

8 0
2 years ago
The IMC channel that has received the greatest increase in aggregate spending recently is ________, or marketing that communicat
wariber [46]

The IMC channel that has received the greatest increase in aggregate spending recently is direct marketing  or marketing that communicates directly with target customers to gener­ate a response or transaction.

<u>Explanation: </u>

Direct Marketing is a promotional strategy based on the distribution to potential customers of a marketing strategy.  

The Systems of distribution used include mail, online and texting. Direct marketing is named because it removes intermediaries, like publicity media, in particular.

Direct marketing focuses instead of media advertising on delivery to individual consumers.   In much direct marketing, the call to action is a common factor.   It is easier to quantify than media advertising that direct marketing is successful.

In a number of direct marketing, the call for action is a special element. You are instructed to respond immediately to the request through a free telephone number, a reply card or a reference in the email advertisement. The recipient must also access the letter. A positive measure of a future purchase is any reply. Personal advertising is often linked to as ads for direct responses.

4 0
2 years ago
What process guides your entry and closing points? 1. Reducing the randomness of your approach 2. Pragmatic 3. Facilitate adapta
Airida [17]

Answer:

1. Reducing the randomness of your approach

Explanation:

Reducing the randomness of your approach guides your entry and closing points

8 0
1 year ago
Other questions:
  • Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full
    5·2 answers
  • Miguel, Inc. reported net income of $2.5 million in 2022. Depreciation for the year was $160,000, accounts receivable decreased
    11·1 answer
  • In two to three sentences, list the tree steps for effective decisions using marginal analysis
    6·1 answer
  • Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the
    13·1 answer
  • Suppose you invest $500 in a stock mutual fund at the end of each month. When you retire at the end of your 35-year career, your
    5·1 answer
  • The demand for tickets to the Katy Perry concert​ (Q) is given as​ follows: Q​ = ​120,000minus−​2,000P The marginal revenue is g
    12·1 answer
  • On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note r
    13·1 answer
  • When completing an enrollment application in LEAN, why is an agent prohibited from entering their own email address in a field a
    11·1 answer
  • If the buyer perceives a buyer-supplier relationship is in the desirable region on the purchaser-supplier satisfaction matrix, b
    13·1 answer
  • Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 201
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!