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Zepler [3.9K]
2 years ago
5

On June 1, Pina Colada Corp. borrows $111,000 from First Bank on a 6-month, $111,000, 8% note.

Business
1 answer:
zzz [600]2 years ago
8 0

Answer:

June 1

Cash $111,000 (debit)

Note Payable $111,000 (credit)

June 30

Interest expense $1,480 (debit)

Note Payable $1,480 (credit)

Nov 30

Note Payable $119,800 (debit)

Cash $119,800 (credit)

Explanation:

June 1

Recognize the Cash Asset received and a liability Note Payable

June 30

Interest for 1 month has accrued and this is calculated as :

Interest Expense = $111,000 × 8% × 1/6

                            = $1,480

Nov 30

Total Interest is capitalized to the Note Payable and the full amount is repaid

Total Interest = $111,000 × 8%

                      = $8,800

Ballon Amount = $111,000 + $8,800

                         = $119,800

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Answer: <u>The correct answer is D).</u>

<u />

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2 years ago
Suppose 30% of a club are above 25 years old (M), 50% are between 21 and 25 (W) and 20% are below 21 (L). If all are exposed to
valina [46]

Answer:

The probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.

Explanation:

let A be the event that the selected person has a virus.

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the probabilities are given by:

P(B1) = 0.3

P(B2) = 0.5

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P(A|B3) =  0.5

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[P(B2)*P(A|B2)]/[P(B1)*P(A|B1) + P(B2)*P(A|B2) + P(B3)*P(A|B3)]

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8 0
2 years ago
Lawrence Reed in his article "The Role of Incentive" states that the best way to curb pollution and misuse of resources is to?
katovenus [111]

Answer:

Like the title of the article states, all economy relayed choices are the results of an incentive or disincentive a potential polluter faces. He gave the example of the Lake Erie, stating that is highly reasonable (although highly unethical) it is polluted, as it is financially efficient to simply dump garbage in the lake, rather than invest in a recycling or waste management system. He also added, that since the lake is a public good, no one will look at the pollution as a serious concern, since it isn't owned by anybody.

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Aliun [14]
The question above is not complete, the alternatives attached to the question are as follow:

A) The people working to develop the community
B) Bike paths and stores
C) Solar power
D) The idea to develop the housing community

ANSWER
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8 0
2 years ago
Rodrigo has worked for Three Brothers Construction for over 10 years and was recently was promoted to the position of foreman. H
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