winn co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%. winn will record total interest expense of:

Answers

Answer 1

Answer: $200

Explanation:

Answer 2

The total interest expense that should be recorded is $200.

Given that,

winn co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%.Here we assume 360 days in a year.

Based on the above information, the calculation is as follows:

= $15,000 ×8% × 60 ÷ 360

= $200

Therefore we can conclude that the total interest expense that should be recorded is $200.

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Related Questions

if the market interest rate is greater than the contractual interest rate, bonds will sell

Answers

Answer:

When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at a discount.

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Smedley, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods. Right after he achieves the utility-maximizing level of consumption of the two goods, the price of ice cream increases. To adjust to this event, he consumes _____ peanut butter and _____ ice cream.

Answers

Considering the situation described above, to adjust to this event, he consumes more peanut butter and less ice cream.

This is because the price of the ice cream has increases, thereby following the law of demand and supply, which means the higher the price, the lower the demand.

Similarly, since the price of peanut butter remains the same, it is expected that Smedley would consume more of it.

Hence, in this case, it is concluded that the correct answer is more and less, respectively.

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Taking more than four years to graduate will increase costs and mayimpact a return on investment. What could you check to see how long most students take to finish at an institute of higher education?

Sticker price

Graduation rate

Net cost

Student body ratio

Answers

Answer:graduation rate

Explanation: due to the fact that it shows how many students graduate and how long it took

In order to find out how many years people take to finish at the higher institutions, the graduation rate is checked.

What is the graduation rate?

This the rate that is used to check if the students that began a course of 4 or 5 years in the university would graduate.

The rate is used to measure the number that finish their study in a timely manner upon the period that they enrolled.

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winn co. signs a 60 day note payable for a $15,000 copy machine with an interest rate of 8%. winn will record total interest expense of

Answers

Answer:

200

Explanation:

Based on the information given  Winn will record total interest expense of $200.

Using this formula

Total interest expense=Principal amount× Interest rate ×Time

Where:

Principal amount=$15,000

Interest rate=8%

Time=60 days/360

Let plug in the formula

Total interest expense=$15,000 x .08 x (60/360) = $200.

Total interest expense=$200

Inconclusion  Winn will record total interest expense of $200.

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The allowance for doubtful accounts is a(n) (current/contra/opposite) asset account and has a normal credit balance.

Answers

Answer:

contra

Explanation:

because its true

Three years ago shawheen deposited 5,000 in a savings account

Answers

what's the question???????

When you make a payment on a loan, part of the payment is interest and the other part is principal. True False

Answers

Answer:

I think the answer is true.

one of the difficulties associated with value-based pricing is that

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One of the difficulties associated with value-based pricing is that the producer may end up running at loss because the price does cover the cost incurred during production.

The value-based pricing entails fixing of prices based on customer's perceived value of the product.

The companies who practiced the value-based pricing do so to make sure the product price and expectation of the customers match.

However, one of the difficulties associated with value-based pricing is that the producer may end up running at loss because the price does cover the cost incurred during production.

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An online auction is based on the _____, which brings buyers and sellers together in a virtual marketplace.

Answers

An online auction is based on the Brokerage model , which brings buyers and sellers together in a virtual marketplace.

An online auction is an internet based system that unifies sellers and buyers on auctions  for various products on the website, Here, the highest bidder buys the item.A brokerage model is a type of business model adopted by online auction in which a broker acting as a middleman creates a platform such that buyers and sellers of different product and services can come together for business transactions.

For example, when a trader auctions its product and the auction  is executed, The trader/ investor will pay a transaction fee to the brokerage company for its effort in providing a platform which made such transaction possible.

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celebrity endorsements of produces utilize the ________ to persuasion.

Answers

Answer:

peripheral route :)

Celebrity endorsements of produces utilize the peripheral route to persuasion.

What is peripheral route?

peripheral route involve a indirect approach to approving a products.

It does not use the fact or findings about a product but rather uses association or relationship with the owner to judge a product.

Therefore, celebrity endorsements of produces utilize the peripheral route to persuasion.

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Bateman Gray Motors sells the cars it produces using dedicated dealers who only sell Bateman Gray's products at their outlets. What kind of marketing strategy has Bateman Gray adopted with its car dealers?

Answers

The  kind of marketing strategy that Bateman Gray adopted with its car dealers is exclusive dealing.

Exclusive dealing marketing strategy occur when a dealer only sell the items or goods made by a specific or particular supplier or manufacturer.

This means that customers can not find another brand of products produce by another manufacturer in the dealer outlet because the dealer has stick to that particular products from the designated supplier.

Based on the information given the car dealer is engaging in what is called Exclusive dealing because the dealer is only selling a particular brand products from a particular company.

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natural unemployment equals _____ unemployment plus _____ unemployment.

Answers

Frictional; structural

Brock Company makes candy. During the most recent accounting period Brock paid $3,000 for raw materials, $4,000 for labor, and $2,000 for overhead costs that were incurred to make candy. Brock started and completed 10,000 units of candy of which 8,000 were sold. Based on this information Brock would recognize which of the following amounts of expense on its income statement?

a. $1,800.
b. $2,000.
c. $9,000.
d. None of the above.

Answers

Answer:

C

Explanation:

food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.

Answers

Answer:

product

Explanation:

Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.

The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.

Products of companies often contains components which the consumer uses when evaluating alternatives.

Conclusively, The components are the market, the problem, the solution, and the product itself

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1) The heart beats approximately ________ times each day. A) 1,000 B) 10,000 C) 100,000 D) 1,000,000 E) 10,000,000

Answers

The heart beats 100,000

Product ABC has a contribution margin per unit of $10.00. Each unit of ABC requires 5 minutes of machine time and 10 minutes of labor time. Product XYZ has a contribution margin per unit of $15.00 and each unit requires 10 minutes of machine time and 5 minutes of labor time. If the company's constraint is labor hours, the contribution margin per unit of constraint for Product XYZ is $____________ per minute.

Answers

Answer:

three (3)

Explanation:

Assuming the company's constraint is labor hours, the contribution margin per unit of constraint for Product XYZ is $1.50 per minutes.

Contribution margin per unit

Using this formula

Contribution margin=Product XYZ contribution margin per units/Machine time  

Where:

Product XYZ contribution margin per units=$15

Machine time=10 minutes

Let plug in the formula

Contribution margin=$15/10 minutes

Contribution margin=$1.50 per minutes

Inconclusion the contribution margin per unit of constraint for Product XYZ is $1.50 per minutes.

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what term refers to the inherent value of the product in the marketplace?

Answers

Answer: design quality

The RJN Corporation has issued warrants where each warrant offers the holder the right to purchase one share of RJN's common stock for $20 per share. The warrants are exercisable anytime within the next five years. Chelsea purchases 80 warrants for $2 each. Three years after the purchase, the market price of RJN common stock has risen to $25 per share. Chelsea exercises the warrants and immediately sells the RJN stock at the market price. The result of these transactions is that Chelsea has realized
A) a net short-term capital gain of $400.
B) a net long-term capital gain of $400.
C) a net long-term capital gain of $240.
D) a net short-term capital gain of $240.

Answers

The result of these transactions is that Chelsea has realized  net long-term capital gain of $240.

Capital gain is the increase in the value of an asset after the asset has been bought. It was the price at the time the asset was bought is lower than the value of the asset at the time it is sold. Capital gain is determined by subtracting the purchase price of the asset from the selling price of the asset.

Types of capital gain

Short-term capital gain: it is the gain realised on an asset that is held for less than a yearLong-term capital gain: it is the gain realised on an asset that is held for more than a year.

Chelsea's net long-term capital gain: 80 x {$25 - ($20 + $2)] = $240.

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An investor anticipating a rise in interest rates would likely purchase A) callable bonds. B) corporate bonds. C) bonds issued by the U.S. Treasury. D) variable-rate demand obligations or reset bonds.

Answers

Answer:

B. corporate bonds

Explanation:

have a great day peeps :)

Retained Earnings of $100,000 represent a corporation's cumulative earnings ______ and is shown on the ______. Multiple choice question. declared; statement of retained earnings kept; balance sheet and statement of retained earnings in cash; balance sheet

Answers

Retained Earnings of $100,000 represent a corporation's cumulative earnings kept and is shown on the balance sheet.

The retained earnings simply mean the proportion of the cumulative profit of a company that is held or retained for the future.

Retained earnings are typically used to meet the future needs of the company. Therefore, the retained earnings of $100,000 represent a corporation's cumulative earnings kept and is shown on the balance sheet.

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A generation ago, workers tended to work for three to four employer(s) during their working years. Group of answer choices True False

Answers

I believe your answer is true

________ involves cultivating opinion leaders and getting them to spread information about a product or a service to others in their communities

Answers

Answer:

Integrated marketing communications involves cultivating opinion leaders and getting them to spread information about a product or a service to others in their communities.

I hope this helped at all.

AramMark, Inc. is a company that provides cafeteria service workers to a client company. This is an example of the use of which type of employees

Answers

Answer:

im sure you already got the answer lol its been 5 days

Explanation:

Explain the importance of teams in a business:​

Answers

Answer:

Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems.

Explanation:

8 Steps in Organizational Development (OD) interventions

Answers

Answer:

The Eight Steps for Organizational Develpoment Intervaentions

Explanation:

Entry Signals

Purpose

Assessment

Action Plan

Intervention

Evaluation

Adoption

Seperation

... i think

Which vendor offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system

Answers

There are different kinds of vendors who offers various kinds of services. The vendor that offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system  are SAP....Oracle, JDA software, and Ariba.

JDA Software is known to be a software and consultancy company. They are known to specializes in selling supply chain management products and services to businesses. Their goal is to help its customers optimize costs, achieve revenue growth etc.

Oracle is known as a company that is best known for its Oracle database software. It is a relational database management system, and also use for computer systems and software, such as Solaris and Java. It was said to be acquired in its purchase of Sun Microsystems in 2010.

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The __________ sector now represents a large number of union employees. This group of employees encompass those who work for governments, such as teachers, firefighters, police officers, etc.

Answers

Based on economic agencies analysis, the Public sector now represents a large number of union employees. This group of employees encompasses those who work for governments, such as teachers, firefighters, police officers.

This is because Public Sector is the economic sector that consists of government establishments.

It also includes the publicly funded agencies, businesses, and other industries that provide public commodities or services.

Generally, employees in Public Sectors include Customs officers, teachers, firefighters, etc. And they can be found in all levels of government establishments, like federal, state, and local governments.

Hence, in this case, it is concluded that the correct answer is "Public sector.."

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Due to discrimination, labor supply will be artificially ______ in higher-pay occupations populated by preferred workers, ______ their wage rates and income.

Answers

A lot of sectors of the economy experience different kinds of discrimination. Due to discrimination, labor supply will be artificially reduced in higher-pay occupations populated by preferred workers, raising their wage rates and income.

Discrimination exist in a labor market if workers with the same economic characteristics, such as education, experience, and skill, are paid different amounts due to their race, gender, religion, age etc.

Discrimination often have an effect on demand and supply

Looking at demand, negative discrimination will result to employers reducing the expected value of employment of a specific group.

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A _____________ is a written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debts.

Answers

the answer is discharge.

step by step explanation:
a discharge is a written federal court order signed by a bankruptcy judge stating that the renter is immune from creditor actions to collect debt.

In a deciding set, what should be recorded on both the left and right sides of the sheet before the court switch for the team that starts on the left

Answers

In a deciding set, the triangle denoting the position where the Libero serves and all player substitutions should be recorded on both the left and right sides of the sheet, before a court switch is made by the team that is expected to start on the left.

Volleyball can be defined as a team sport comprising two (2) teams of six players, each on both sides of the court.

Generally, these two (2) teams are separated by a horizontal net and are required by rules to bat the ball by using their bare hands, without letting it hit (touch) the floor.

In indoor volleyball, a libero is a back-row defensive specialist who is saddled with the responsibility of covering and sweeping across the spaces behind other defenders.

In a deciding set, the triangle denoting the position where the Libero serves and all player substitutions should be recorded on both the left and right sides of the sheet, before a court switch is made by the team that is starting on the left.

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