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
lesya [120]
1 year ago
8

On May 1, Year 1, Benz’s Sandwich Shop loaned $18,000 to Mark Henry for one year at 9 percent interest. Required a. What is Benz

’s interest income for Year 1? b. What is Benz’s total amount of receivables at December 31, Year 1? c. How will the loan and interest be reported on Benz’s Year 1 statement of cash flows? d. What is Benz’s interest income for Year 2? e. What is the total amount of cash that Benz’s will collect in Year 2 from Mark Henry? f. How will the loan and interest be reported on Benz’s Year 2 statement of cash flows? g. What is the total amount of interest that Benz’s earned on the loan to Mark Henry?
Business
1 answer:
ehidna [41]1 year ago
7 0

Answer:

a) $1080

b)$19080

c) Loan given | -$18000

d)$540

e)$19620

f)loan | 18000

Interest received | $1620

g)  $1620

Explanation:

a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080

b) The total receivable at december 31,Year = 18000+1080 = $19080

c)  Year 1  :Statement of cash flow

Loan given | -$18000

d) Interest income Year 2 = $18000*9%*4/12 = $540

e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620

f) Cash flow from investing activities :

           loan | 18000

           Interest received | $1620

g)Total interest earned = 18000*9% = $1620

You might be interested in
_____ is the control of behavior by manipulating its consequences
melomori [17]
It is operant conditioning.
4 0
1 year ago
You purchase a bond with a coupon rate of 5.3 percent and a clean price of $951. Assume a par value of $1,000. If the next semi
olchik [2.2K]

Answer:

The invoice price is $ 969.

Explanation:

This question requires us to tell the invoice price (dirty price) of the bond. Clean price is given in the question. So we can easily calculate invoice price by adding accrued interest in dirty price. Detail calculation is given below.

Clean price          = $ 951 -A

Accrued Interest =  (5.3% * 1000)/12*4 = $ 17.67 -B

Invoice price = A+B = $ 969 (approx)

4 0
1 year ago
When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
just olya [345]

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

8 0
2 years ago
Please decide whether each of the follow scenarios related to the loanable funds market will result in a shift in supply or a sh
Sergeu [11.5K]

Answer:

1. When China decides to reduce its capital investment in the US, US's capital inflows, which are a source of loanable funds in the US, take a hit. This leads to a reduction in supply of loanable funds in the US, shifting the supply curve leftward.  

2. When a ban is imposed on fast food restaurants, the amount loanable funds demanded by the fast food industry reduces, leading to a leftward shift m the demand curve of loanable funds.  

3. When fast food restaurants are allowed to open franchised locations, the amount loanable funds demanded by the fast food industry increases, leading to a rightward shift m the demand curve of loanable funds.  

4. When the US government reduces its deficit, it reduces its borrowings. A reduction in borrowing by the US government leads to a reduction in the demand for loanable funds, and therefore shifts the demand curve fur loanable funds leftward.  

5. When individual start to spend more owing to the wealth effect, savings reduce, leading to a fall in the supply of loanable funds. Due to this, there occurs a leftward shift in the supply calve for loanable funds.  

3 0
2 years ago
An arena makes profits of $150,000, $75,000, and $1,250,000 from concerts, circuses, and UFC events, respectively. What are the
vovangra [49]
10%, 6%, and 85%, respectively
4 0
1 year ago
Read 2 more answers
Other questions:
  • Aslam wants to create multiple worksheet containing common formatting styles for his team members. Which file extension helps hi
    5·2 answers
  • What must be marked on ready-to-eat bags (PHFs):
    13·2 answers
  • Gehrig is the office manager of a business with 20 employees. He gives the employees their work, attempts to organize them into
    11·1 answer
  • Williamsburg Market is an all-equity firm that has net income of $96,200, depreciation expense of $6,300, and an increase in net
    6·1 answer
  • What is the current yield of the 4.75% 2041 maturity bond? What is its yield to maturity? b. ""The current yield is less than th
    10·1 answer
  • "Assume that a seven-firm cartel supplies 500 million units of Whatailsya energy drink at a price of $5.00 per unit. Each firm s
    10·1 answer
  • A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinishe
    14·1 answer
  • In the current year, Norris, an individual, has $52,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,800 and
    5·1 answer
  • Chang Industries has 2,000 defective units of product that have already cost $14 each to produce. A salvage company will purchas
    14·1 answer
  • Cosmo has just made his dream come true of buying the property that his restaurant occupies. His excitement is short lived, howe
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!