On September 1, 2021, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)

Answers

Answer 1

The interest payable at the time period indicated will be $3000.

How to calculate the interest?

From the information given, the interest payable will be:

= Note value × Interest time × Time period

= $100000 × 9% × 4/12

= $100000 × 0.09 × 1/3

= $3000

In conclusion, the interest payable at the time period indicated will be $3000.

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Related Questions

what do i say to "tell me about yourself" in a job interview

(20 pts)

Answers

Answer:

1- Mention past experiences and proven successes as they relate to the position. ...

2- Consider how your current job relates to the job you're applying for. ...

3- Focus on strengths and abilities that you can support with examples. ...

4- Highlight your personality to break the ice.

Explanation:

As hard as this question is, the easiest way to answer is to talk about the past present and future.

Present: Talk a little bit about what your current role is, the seope of it, and perhaps a
big recent accomplishment.

- Past: Tell the interviewer how you got there and/or mention previous experience that's
relevant to the job and company you're applying for.

• Future: Segue into what you're looking to do next and why you're interested in this gig
(and a great fit for it, too).

a a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

Answers

It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

What is competitive market?

A perfect competitive market has a straight line graph on the demand of goods and services this means that the goods are sold at the market price. Monopoly market price are not regulated hence the curve is not straight.

Therefore, It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

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identify the functions of an enhancer in transcription.

Answers

We can actually deduce here that the functions of an enhancer in transcription is:

A cis-regulatory element that regulates gene transcription in specific tissues or cells.Regulates transcription by catalyzing the formation of an enhanceosome, activating transcription.

What is an enhancer?

An enhancer in genetics refers to be a region of DNA that actually increases the chances of a transcription of a gene to occur. They are proteinous and usually referred to as transcription factors.

We can see here that the above are identified as functions of an enhancer in transcription.

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g The international Fisher effect: Group of answer choices is an example of absolute PPP focuses on changes over time in the relative price of traded baskets of goods and services between two countries none of the answers is correct is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries explains how the financial market prices one country's currency in terms of another's

Answers

The international Fisher effect is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries.

What does the Fisher effect show?

It shows that the nominal rate of interest in a nation usually follows the inflation rate because an inflation-adjusted rate needs to be formed.

This then leads to a change in exchange rates between countries because the difference in nominal rates shows the difference in inflation which is what devalues or appreciates a currency.

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The amount of a product an organization expects to sell during a certain period of time, based on a specified level of marketing effort, is called a:.

Answers

A sales forecast is the volume of merchandise that an organization anticipates selling over a given period of time, based on a predetermined level of marketing activity.

What exactly do you mean by marketing?

Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing.

Sales forecasting is the act of determining how much a sales unit—which can be a single salesperson, a sales team, or an entire company—will sell over the course of the upcoming week, month, quarter, or year.

Thus, organizing expectations for sales during a given period of time refers to the sales forecasts.

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Dvds are an example of a product in the _______ stage. the demand for dvds has now been surpassed by the demand for blu-ray discs and online streaming of content. this stage is governed by the change in consumer tastes and the rate at which new products enter the market.

Answers

Dvds are an example of a product in the decline stage in which the demand for dvds has now been surpassed by the demand for blu-ray discs and online streaming of content.

What is a product life cycle?

A product's life cycle refers to the process a product goes through right from its introduction to the market, until it declines or people stop buying it.

It is to be noted that no matter how amazing a product is, it must follow the product life cycle.

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Managing the Economy with Monetary Policy In this exercise you will be evaluating the economic condition of the country and making decisions in order to keep the economy level. The amount of money in circulation has a tremendous effect on the economy and inflation. Imagine if you found $100,000 in cash floating around your front yard. What would you do with it

Answers

The inference if one finds $100,000 in cash floating around your front yard is to take it to the police.

What is an inference?

It should be noted that an inference simply means the conclusion that can be deduced based on the information given in a literary work.

In this case, the inference if one finds $100,000 in cash floating around your front yard is to take it to the police. This is essential to locate the owner.

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Determine whether each cash receipts procedure is an internal control strength or weakness reciepts are only given to customers for sales that are above $20

Answers

The internal control procedures are categorized as follows:

1. Weakness2. Weakness3. Strength4. Strength5. Strength6. Strength7. Weakness

What are internal controls?

These refer to processes in the accounting process or other aspects of the business that are instituted to prevent or eliminate fraud or errors.

Full question:

Determine whether each cash receipts procedure is an internal control strength or weakness.

The record keeper of cash transactions is also in charge of depositing cash receipts in the bank.One employee with many years of experience is solely in charge of opening cash receipts received by mail.All sales transactions, even those for less than $1, are recorded on a cash register.Two employees are tasked with opening mail that contains cash receipts.Cash registers have a permanent, locked-in electronic record of each transaction.The clerk who has access to cash in the register cannot access the accounting records to change transaction deals.Receipts are only given to customers for sales that are above $20

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Abe Wilson works as a city councilman in large city on the east coast. As part of his duties, he negotiated the purchase of some land in order to build a new water treatment plant for the city. The land was sold to the city by Jake Bryan for terms that were favorable to the city. After the sale was finalized, Bryan treated Abe and his wife to an all-expenses-paid Alaskan cruise. This type of fraud is known as:

Answers

This type of fraud by Abe Wilson is known as c. An illegal gratuity.

What is an illegal gratuity?

An illegal gratuity results from the giving and acceptance of a gift in response to an action or decision by a public official.

Illegal gratuity is not the same as bribery or economic extortion, which are usually pre-agreed in exchange for performance or decision.

Like bribery and economic extortion, illegal gratuity creates a conflict of interest for the public official.

Question Completion with Answer Options:

a. A conflict of interest

b. Bribery

c. An illegal gratuity

d. Economic extortion

Thus, this type of fraud by Abe Wilson is known as c. An illegal gratuity.

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irs guidelines require specific information to substantiate deductible automobile expenses. which 3 items are included in the substantiation requirements?

Answers

The three items that are included in the substantiation requirements are:

Date Placed in ServiceThe total mileage; andVehicle Type.

What is IRS guidelines?

Internal Revenue Service Guidelines are guidelines that individuals and corporates must follow in order to be compliant with the requirements of the IRS.

Thus, it is correct to indicate that according to the IRS Guidelines, the three items that are included in the substantiation requirements are:

Date Placed in ServiceThe total mileage; andVehicle Type.

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_______________ is the value of the best alternative given up when a choice is made.

Answers

Answer:

Opportunity costs

Hope it helps!

Blank include long term investments such as real estate and retirement savings

Answers

A capital market is the market that include long term investments such as real estate and retirement savings.

What is a capital market?

This refers to financial system that is particularly concerned with raising capital by dealing in shares, bonds, and other long-term investments.

Hence, because real estate and retirement savings forms part of long-term investments, they are part of capital market.

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Answer: Nonliquid assets

Explanation:

Cheng is a district manager for a health insurance company. recent reports indicated that cheng's district was not performing as well as other districts in his region. cheng thinks he has been a poor leader and blames himself for the decline in performance in his district. cheng's view of the situation is an example of:_________.
a) tolerance of failure.
b) low self-esteem.
c) need for affiliation.
d) external locus of control.
e) internal locus of control.

Answers

(B) is correct i.e. low of self esteem.

Self esteem means confidence in oneself, its overall your opinion what to do, what is your interest, what do you think about your abilities, & what are you limitations.District Manager, this is such a renowned position which requires a lot of self- confidence, good communication, leadership and many more. Here Cheng's point of view is very negative, he is full of low confidence in himself , don't have patience and leadership quality so that he can manage the situation in the district. From my point of view blaming yourself can't be the solution of it.Cheng's should have that much confidence in himself than only he can manage the situation & can bring his district over the other.

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Globalization as an apparent universal civilization revolves around the emergence and spread of common systems, including but not limited to, political relations, economic transactions, technology creation / transfer, and

Answers

Globalization is an apparent universal civilization that revolves around the emergence and spread of common systems that include, but are not limited to, political relations, economic transactions, technology creation/transfer, and Cultural Influence.

What is Globalization?

Globalization refers to the process of spread of financial products, goods, technology, information, and jobs across national borders and cultures.

It is the growing interdependence of the world's economies, cultures, and populations that is brought by cross-border trade in goods and services.

It has increased the interconnection of local and nationalistic economies across the world.

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A disadvantage of extending credit to customers is that the cost may ______ the additional sales revenue received through credit transactions.

Answers

Answer:

Exceed is the answer

Your goals tend to set the tone for your investment program, and they play a major role in determining how conservative or aggressive you're likely to be in making investment decisions. Group of answer choices True False

Answers

The given statement is true, that the goals set the tone for any investment program and help to determine how conservative or aggressive, the person is likely to be making the investment decisions.

What is the investment decision?


Mainly, the Investors and investment managers execute investment decisions. These decisions are based on the disclosure of investigation tools that are based on data about the establishments. The goals are made to set the tone for any investment program.

Investors oftentimes conduct investment analysis using fundamental analysis, technical analysis, and it also helps to determine how conservative or aggressive the person making the investment decisions.  

Therefore, the given statement is true.

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How could U.S. currency lose value?
A.) is torn or dirty . B.)
It lacks the new security features.
C.)Too many legal bills are printed and in circulation. D.)Too many people are counterfeiting print money and using it.

Answers

Answer:

C.) Too many legal bills are printed and in circulation

Explanation:

If more money was printed there would be an artificial overabundance of money, but the supply of goods would not increase. This would lead to inflation which would lower the currency value.

Answer: Too many legal bills are printed and in circulation.

Explanation:

Costs and price differences among competing companies can have origins in activities performed by a. the company's internally performed activities (its own value chain) compared to the cost structure of the internally performed activities of rival companies. b. value chains of the company's suppliers. c. value chains of a company's distributors and retail dealers and forward channel allies. d. the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies. e. whether the company has a longer or shorter value chain than its close rivals.

Answers

Costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.

What is value chain?

Value chain is a process in which a company analyzes and examine its activities to find the competitive advantage to add value to its products and services.

Hence, costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.

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How does risk management differ from quality managemtn

Answers

A risk management differs from quality management because the risk management identifies areas of operational and financial loss.

What is a risk management?

This refers to the layer of protection at the beginning of the process to identify hazards before production even begins.

What is quality management?

This is the section involved in overseeing all activities that must be accomplished to maintain a desired level of excellence in a firm.

In conclusion, the risk management differs from quality management because the risk management identifies areas of operational and financial loss.

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Which type of decision maker over-analyzes a given piece of information?

Answers

Agonizer is the  type of decision maker over-analyzes a given piece of information.

What is decision in the organization?

Decision is the important factor in the organization as the organization go on the decision take the people work in a firm. The decision can make or break the company and the good decision always beneficial for the company.

The options are missing in the question

A. Mystic

B. Agonizer

C. Submissive

D. Fatalist

Thus, option B is correct.

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Consumers usually buy a(n) _____ only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility

Answers

Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility

Who are consumers?

Consumer are individual or group of people who are willing to pay for a particular products or services they need.

Consumer often go around to compare prices and custom relations after which they decide who to buy from.

Therefore, Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility

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A decision that involves doing a little more or a little less of something is called a:.

Answers

Answer:

Marginal decision.

On december 29, 2021, patel products, inc. , sells a delivery van that cost $20,000. the equipment had accumulated depreciation of $16,000 at december 31, 2020. annual depreciation on this equipment is $2,000 computed using straight-line depreciation.

Answers

The appropriate journal entry to record the transaction using  straight-line depreciation is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000

Depreciation

If the  annual depreciation on this equipment  is the amount of  $2,000. The correct journal entry to record the transaction using  straight-line depreciation is:

December 31 2020

Debit Depreciation expense $2,000

Credit Accumulated depreciation $2,000

(To record depreciation  expenses)

Therefore the entry is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000.

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Moringa products corporation had common stock of $820,000 and retained earnings of $1,250,000 on january 1. during the year, $75,000 of common stock was issued. dividends of $48,000 were paid. for the year ended december 31, moringa reported a net income of $287,500. what is the retained earnings balance on december 31

Answers

Based on the beginning retained earnings balance and the net income as well as dividends, the retained earnings balance will be $1,585,500.

How much are retained earnings on Dec. 31?

This can be found as:

= Beginning retained earnings + Net income  + dividends paid

Solving gives:

= 1,250,000 + 287,500 + 48,000

= $1,585,500

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Fixed expenses are $531,000 per month. The company is currently selling 4,000 units per month. The marketing manager would like to cut the selling price by $14 and increase the advertising budget by $35,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 500 units. What

Answers

The overall effect on the company's monthly net operating income of this change is A. decrease of $18,000.

What is break-even analysis?

The break-even analysis is an accounting tool to determine the point at which cost and income are equal and there is neither profit nor loss.

Using the break-even technique, companies can evaluate production and sales decisions to arrive at optimal decisions.

Data and Calculations:

Fixed costs per month = $531,000

Sales units per month = 4,000 units

Reduction in selling price = $14

New selling price = $186 ($200 - $14)

New fixed costs = $566,000 ($531,000 + $35,000)

News Sales units per month = 4,500 units (4,000 + 500)

New Contribution margin per unit = $146 ($186 - $40)

New Contribution margin ratio = 78.5% ($146/$186 x 100)

Determination of Change in Net Operating Income:

                                             Old          New              Difference

Total Contribution        $640,000     $657,000          $17,000

                              ($160 x 4,000)  ($146 x 4,500)

Fixed costs                      531,000       566,000       -$35,000

Net operating income $109,000         $91,000       -$18,000

Question Completion with Answer Options:

Data concerning Pellegren Corporation's single product appear below:

                                       Per Unit     Percent of Sales

Selling price                   $200                 100%

Variable expenses               40                   20%

Contribution margin        $160                   80%

What should be the overall effect on the company's monthly net operating income of this change?

A. decrease of $18,000

B. increase of $38,000

C. decrease of $38,000

D. increase of $58,000

Thus, the overall effect on the company's monthly net operating income of this change is A. decrease of $18,000.

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What is not true about dod travel policy?

Answers

What is not true about dod travel policy is: An AO can approve payment for items not addressed by the JTR.

DoD travel policy

DoD which full meaning is Department of Defense travel policy is a policy that tend to payback the expense incurred when  a staff travel due to official assignment.

Based on the policy an AO cannot approve  expenses reimbursement for things that are not address by the JTR.

Therefore the statement is false.

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Explains why it may take up to two years for a currency depreciation to make significant reductions in a nation’s trade deficit

Answers

It may take up to two years for currency depreciation to make significant reductions in a nation’s trade deficit. This is further explained below.

What is currency depreciation?

Generally, Depreciation occurs when a currency's exchange rate declines in relation to other currencies.

In conclusion, Currency depreciation may have a major impact on a country's trade imbalance, but it may take up to two years to see those results.

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Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:
Inventory Purchases Sales
Dec. 1 310 units at $88 Dec. 10 144 units at $90 Dec. 12 240 units
Dec. 20 240 units at $96 Dec. 14 166 units
Dec. 31 200 units
Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit.
Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.

Answers

The cost of sales and the inventory balance at the given dates are:
Date         Cost of sales        Inventory Balance

Dec 12       $21,120                               214

Dec 14        $14,800                         48

Dec 31        $22,752                            14

What is FIFO?

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.

The items sold on Dec 12 would be taken from the beginning inventory.

Inventory left = (310 - 240) + 144 = 214

Cost of goods sold = 88 x 240 =   $21,120      

The items sold on Dec 14 would be taken from the beginning inventory and the items bought on Dec 10.

Inventory left = 214 - 166 = 48

Cost of goods sold = (88 x 70) + [(166 - 70) x 90] =

6160 +8640 = $14,800

The items sold on Dec 31 would be taken from the inventory purchase on Dec 10 and 20.

Inventory left = (48 + 240) - 200 = 88

Cost of good sold = (48 x 90) + [(240 - 48) x 96) =

4320 + 18,432 = $22,752

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At which of the levels of market efficiency does the efficient market hypothesis support the technical analysis approach to future share price determination?

Answers

The efficient market hypothesis supports the technical analysis approach to future share price determination at Neither weak nor semi-strong efficiency.

What is Market Efficiency?

Market efficiency is the degree to which the market prices reflect all available information. It can also be known as an efficient-market hypothesis.

When an efficient market supports the technical analysis approach, it would be at neither weak nor semi-strong efficiency when determining the future price.

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Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 8% was $58,000. Ten annual lease payments of $8,000 are due each year beginning July 1, 2021. Smith Co. had constructed the equipment recently for $53,000, and its retail fair value was $58,000. What amount of interest revenue from the lease should Smith Co. report in its December 31, 2021, income statement

Answers

Smith Co. should report $4,900 amount of interest revenue from the lease in its December 31, 2021, income statement.

What is interest revenue?

Interest revenue is the earnings that an entity receives from any investments it makes, or on debt it owns.

Explanation:- 6 month depreciation expense on leased equipment (July 1 to Dec 31) = Fair value of equipment / Estimated useful life *6/12

    = $58,000/10 *6/12

    = $2,900

Interest expense up to Dec 31, 2021 = (Total present value of lease payment - Lease payment on July1, 2021) *8% *6/12

    = ($58,000 - $8,000) * 8% * 6/12

    = $2,000

Hence, the total decrease in earnings in income statement would be $4,900( 2,900 depreciation + 2,000 interest expenses)

Therefore, the answer is $4,900.

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Claire is helping her elderly neighbor, ms. flannigan, with some yard work. ms. flannigan has no close family and tells claire that she is beginning to wonder who will get the small bundles of cash she has hidden throughout her large house. ms. flannigan even remarks that she cannot remember where she has hidden them all. after helping ms. flannigan, claire goes inside to freshen up. in the bathroom she notices a large wad of cash tucked inside the medicine cabinet. which action is supported by utilitarianism but intuitively seems unethical 3 quotes that refer to the wheel in tuck everlasting Which of the connective tissue coverings around nervous tissue is rich in collagen fibers?. ** My cousin enjoyed her visit to Key West, Florida. (simple subject) a* Enjoyed her visit.b* Enjoyed. c* My cousin. d* Cousin. An explanation of misfortune based on the belief that certain individuals possess an innate, psychic power capable of causing harm, including sickness and death, is called What methods show the property sheet? Check all that apply. Two rigid transformations are used to map TriangleJKL to TriangleMNQ. The first is a translation of vertex L to vertex Q. What is the second transformation?a reflection across the line containing LKa reflection across the line containing JKa rotation about point La rotation about point K Put the voyages by the early European explorers in chronological order. I need the answer for number 4 please!! What is the difference between the funk styles of James Brown and Sly Stone? Which graph shows y=1/2x? Draw isometric projection of a pls help El mdico me examinar la garganta Why is the catabolism of sugars and fatty acids similar? W+15x-9y+2zTerms:Coefficients: Which part of the chemical equation is incorrect Mr. Singh would like drug coverage but does not want to be enrolled in a medicare advantage plan. What should you tell him?. a 48 gram sample of a substance thats used for drug research has a k value of 0.1325 Which law of motion explains what happens during a ride on the bumper cars ? Aneesha travels at a rate of 50 miles per hour. Morris is traveling 3 feet per second less than Aneesha. Which is the best estimate of the speed Morris is traveling?1 mile = 5,280 feet45 miles per hour46 miles per hour47 miles per hour48 miles per hour