on july 9, mifflin company receives an $9,100, 120-day, 6% note from customer payton summers as payment on account. what entry should be made on the maturity date assuming the maker pays in full, and no adjusting entries have been made related to the note?
Answers
For using the debt for more than 120 days, the interest paid represents a cost. The amount of interest paid is: 6% x 120/360 x 9,500 = $190 because the annual interest rate is 6%.
An illustration of an annual interest rateIn other words, the annual percentage rate (APR) of a given loan is the total amount of interest paid over the course of the year expressed as a percentage of the loan. For instance, if the annual percentage rate (APR) on a credit card is 10%, you would pay about $1,000 a year for every $10,000 borrowed.
Is monthly or yearly interest preferable?As opposed to savings accounts that pay only once a year, monthly interest accounts allow you to earn interest more often, allowing you to maximize the return on your money. If you want to start seeing the benefits of your savings right away rather than waiting for an annual interest payout, this sort of savings account might be the best choice for you.
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Related Questions
What does respecting people’s privacy mean?
Answers
PLS I NEED THREE DIFFERENCES BETWEEN NEEDS AND WANTS
Answers
Answer: yes
Explanation
What is a "need" and what is a "want"
three difrences between needs and wants. Needs and wants are two of the most common words used in our everyday language, but what is the difference between them? Generally speaking, a need is something necessary for survival, such as food or shelter. A want, on the other hand, is something desired but not necessarily necessary, such as a luxurious vacation or the latest electronic device. To better understand the differences between needs and wants, here are three key distinctions:
1. The impulse to acquire: When it comes to needs, there is often a sense of urgency and obligation associated with them. We have an impulse to acquire what we need in order to survive and thrive. Wants, however, do not have this same feeling of urgency. We may want something, but there is no real obligation to acquire it and our lives will go on without it.
2. Sources of satisfaction: Needs are typically associated with a sense of satisfaction when they are satisfied. For example, eating when you are hungry or getting a good night’s sleep after a long day. On the other hand, wants
What must the complement of the supplement of an obtuse angle be
Answers
The complement of the supplement of an obtuse angle is always acute angle.
obtuse angle:
According to the concept of angle, an angle that measures less than 180 degrees but more than 90-degrees is an obtuse angle.
Given,
Here we need to find the complement of the supplement of obtuse angle is what.
As per the definition of the obtuse angle, acute angle is the complement of the obtuse angle.
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Tony earned a bachelor's degree at a public school. Which type of higher education institution did he attend?
A.
A 2-year college.
B.
A propriety school.
C.
A theological school.
D.
A 4-year university.
Answers
Answer:
D
Explanation:
Bachelor Degree is 4 years
Answer:
D.
A 4-year university.
Explanation:
Let's say you sold a covered call on stock XYZ. Now, conditions have changed and you've decided to sell XYZ. What should you do?
Answers
Buy back the call option: You can buy back the call option that you sold, which would free up the underlying stock for you to sell.
Wait until the option expires: If the call option is close to expiration, you can wait until it expires before selling the underlying stock.
Sell the stock and let the call option be exercised: If the stock price is above the strike price of the call option at expiration, the option will likely be exercised and you will be obligated to sell the stock at the strike price. If you are willing to sell the stock at the strike price, you can sell the stock and let the call option be exercised.
It is important to note that each of these options has different risks and rewards, and the best course of action will depend on your individual circumstances and investment goals. It is recommended to consult with a financial advisor before making any investment decisions.
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Which of the following is least likely to be a theme in a novel about young people going to war?
Answers
Answer:
What are the options?
If the store where you purchased an item cannot or will not help you with a problem,
the next place to turn is to the manufacturer.
TRUE OR FALSE
Answers
Answer:
True
Explanation:
What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answers
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
Match the level of unemployment with the condition of the overall economy. Unemployment equals the natural rate. Cyclical unemployment equals zero. Unemployment is below the natural rate. Unemployment is above the natural rate. Actual GDP is below potential GDP. Actual GDP is equal to potential GDP. Actual GDP is above potential GDP.
Answers
Answer:
Note: The organized question is attached as picture
1. Actual GDP is below potential GDP
Level of unemployment: Unemployment is above the natural rate
2. Actual GDP is equal to potential GDP
Level of unemployment: Unemployment equals the natural rate
3. Actual GDP is above potential GDP
Level of unemployment: Unemployment is below the natural rate
Select all that apply.
Information on a résumé includes each of the following:
date of birth
education
past employment
references
I should know this right now.. Btw, I NeEd aN aNsWeR NoW!!!!!!
Answers
Hope this helpssss
Match each term related to inflation-imposed costs on an economy to the appropriate example. Drag each item on the left to its matching item on the right. A. Caleb makes frequent trips to the bank to make withdrawals so as to avoid the "tax" of inflation B. Malika's wage increases by 12% and the prices at her favorite restaurant, along with all other prices, rise by the same percentage. She decides to no longer eat at her favorite restaurant because she feels it is now too expensive. C.Tarik is the manager of a car dealership selling hybrid vehicles. He notices the prices rising for the vehicles but is uncertain whether it is the greater demand for hybrid vehicles that is causing prices to rise.
A. menu costs B. money illusion C. price confusion D. shoe-leather costs
Answers
Matching according to inflation-imposed costs on an economy to the appropriate example are A-(D)shoe-leather costs,
B-(B)money illusion, C-(A)menu costs, A-(C)price confusion.
The correct matches are:
A. menu costs - C.Tarik is the manager of a car dealership selling hybrid vehicles. He notices the prices rising for the vehicles but is uncertain whether it is the greater demand for hybrid vehicles that is causing prices to rise.
B. money illusion - Malika's wage increases by 12% and the prices at her favorite restaurant, along with all other prices, rise by the same percentage. She decides to no longer eat at her favorite restaurant because she feels it is now too expensive.
C. price confusion - Caleb makes frequent trips to the bank to make withdrawals so as to avoid the "tax" of inflation.
D. shoe-leather costs - Caleb makes frequent trips to the bank to make withdrawals so as to avoid the "tax" of inflation.
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you have two times as many dimes as nickels and the total amount of money is $3.00. how many dimes and nickels do you have?
Answers
You have 12 nickels and since you have two times as many dimes, you have 2 * 12 = 24 dimes.
To solve the problem, we need to set up an equation based on the given information and then solve for the unknown variables.
Let's assume the number of nickels is 'x.' Since you have two times as many dimes as nickels, the number of dimes would be '2x.' This accounts for the relationship between the two quantities.
Next, we need to consider the value of each coin. A nickel is worth $0.05, so the total value of the nickels would be 0.05 times the number of nickels, which is 0.05x. Similarly, a dime is worth $0.10, so the total value of the dimes would be 0.10 times the number of dimes, which is 0.10 times 2x, or 0.20x.
According to the problem, the total amount of money is $3.00. This means that the total value of the nickels and dimes combined should equal $3.00. We can express this as an equation:
0.05x + 0.20x = 3
Simplifying the equation, we combine the like terms:
0.25x = 3
To solve for 'x,' we isolate the variable by dividing both sides of the equation by 0.25:
x = 3 / 0.25
Calculating the division, we find that x equals 12. Therefore, there are 12 nickels. Since there are two times as many dimes, we multiply 12 by 2 to find that there are 24 dimes.
In conclusion, you have 12 nickels and 24 dimes.
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The central bank in the United States is: A. the Bank of America. B. the Federal Reserve. C. the U.S. Treasury.
Answers
The central bank in the United States is the Federal Reserve. This is because it not only provides the correct answer, but also explains why the Federal Reserve is the central bank and its role in the U.S. economy.The Federal Reserve is responsible for conducting monetary policy,supervising and regulating banks,and maintaining stability financial system.
It was created in 1913 as a response to financial panics and has since become an integral part of the U.S. economy. While the Bank of America is a large commercial bank and the U.S. Treasury is responsible for issuing currency and managing the government's finances, neither of these institutions serve as the central bank of the United States.
The central bank in the United States is: B. the Federal Reserve.
The Federal Reserve, also known as the "Fed," is responsible for overseeing the nation's monetary policy, regulating banks, and maintaining the stability of the financial system. It is not A. the Bank of America or C. the U.S. Treasury, as the former is a commercial bank and the latter is a government agency responsible for managing federal finances, issuing currency, and collecting taxes.
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Give examples of customer service problems:
Answers
Answer:
Examples of common customer service problems?
1] Long Wait on Hold
2] Unavailable or Out of Stock Product
3] Repeating the Customer's Problem
3] Uninterested Service Rep
5] Poor Product or Service
6] No First Call Resolution
7] Lack of Follow Up
8] New Product or Feature Request.
This are the examples
Correct me if I'm wrong,Hope this helps
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There are many different workplaces in the Agriculture, Food, and Natural Resources career cluster. Select the
workplaces that sound most interesting or enjoyable to you.
O a farm
O a forest
an underground mine
O an office
O a laboratory
O a veterinary clinic
a garden center
Answers
A big crowd is watching a football game. Suddenly, everyone jumps to their feet and starts cheering. The home team scored a touchdown. They are now in the lead. What is the stimulus in this scenario?
A) They are now in the lead.
B) The home team scored a touchdown.
C) A big crowd is watching the game.
D) Suddenly, everyone jumps to their feet and starts cheering.
Answers
B)
Explanation:
the definition of stimulus is something that causes a reaction so b is the only one that makes sense
If the central bank of a country wishes to maintain a stable nominal interest rate after a decrease in consumers' spending, taking which of the following actions will achieve the goal?
Answers
If the central bank of a country wishes to maintain a stable nominal interest rate after a decrease in consumers' spending, taking expansionary monetary policy actions will help achieve the goal.
Expansionary monetary policy involves measures taken by the central bank to stimulate economic activity and increase the money supply. By implementing expansionary policies, the central bank can influence interest rates to remain stable or decrease in response to decreased consumer spending.
The central bank can undertake the following actions:
1. Lowering the policy interest rate: By reducing the benchmark interest rate or policy rate, the central bank encourages commercial banks to lower their lending rates. This stimulates borrowing and spending by businesses and consumers, which can counteract the decrease in consumers' spending.
2. Implementing open market operations: The central bank can buy government securities or bonds from commercial banks, injecting cash into the banking system. This increases the supply of money, lowers interest rates, and stimulates lending and spending.
3. Reducing reserve requirements: The central bank can lower the reserve requirements that commercial banks must hold, allowing them to lend more money and stimulate economic activity.
These expansionary monetary policy actions aim to increase liquidity in the economy, encourage borrowing and spending, and maintain a stable or lower nominal interest rate despite the decrease in consumers' spending.
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What is marketing research and what are the steps involved in marketing research? Please remember, it is not enough to only name the various components. Please also provide a description that gives the reader a clear idea of what each term means.
Answers
Marketing research is a process of systematic gathering and interpreting information and data about customers, market trends, and competition to aid in making informed business decisions.
The steps involved in marketing research include:
1,Defining the problem or opportunity
2.Creating a research design
3.Data collection
4.Data analysis
5.Interpretation and reporting
Defining the problem or opportunity: In this stage, the researcher identifies the main problem or opportunity they wish to address. The purpose of the research is then determined and made specific, so that the researcher knows exactly what they are investigating.
Creating a research design: This stage involves developing a plan or blueprint for conducting the research. It includes selecting a research method and designing the sample, questionnaire, and data collection process.
Data collection: This stage involves the actual collection of data using the research design developed. Data can be collected using different methods, including surveys, interviews, observations, and experiments.
Data analysis: This stage involves analyzing the collected data using statistical tools and techniques to generate meaningful insights. Researchers use graphs, charts, and tables to visually display and explain the data findings.
Interpretation and reporting: In this stage, researchers interpret the data and present the findings in a meaningful way. They make recommendations to stakeholders based on the data analysis, which can help in decision-making for the business or organization that commissioned the research.
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Listing the pros and cons for each of your options is a part of which step in the decision-making process?.
Answers
Answer:
Listing the consequences of each option.
Explanation:
A general-purpose auto-repair garage has one mechanic who specialize in muffler installations. Customers seeking service arrive at an average rate of 2 per hours, with a Poisson distribution. The average time to install a muffler is 20 minutes, with negative exponential distribution.1. On arrival at the garage, how many customers should one expect to find in the system (hint: Ls=)?2. The management is interested in adding another mechanic when the customer’s average time in the system exceeds 90 minutes. If business continues to increase, at what arrival rate per hour will an additional mechanic be needed (hint: Ws==)?a. approximately 2 customers; lambda is about 2.33 customers/hourb. approximately 2 customers; lambda is about 3 customers/hourc. approximately 3 customers; lambda is about 2.33 customers/hourd. approximately 3 customers; lambda is about 3 customers/hour
Answers
We can expect to find approximately 2 customers in the system and an additional mechanic is needed when the arrival rate exceeds approximately 9 customers per hour
To answer the first question, we need to find the expected number of customers in the system. We can use Little's Law, which states that the average number of customers in the system (Ls) is equal to the arrival rate (λ) multiplied by the average time spent in the system (Ws).
λ is given as 2 customers per hour, and the average time to install a muffler is 20 minutes or 0.33 hours. So,
Ls = λ * Ws
Ls = 2 * 0.33
Ls = 0.66 or approximately 2 customers
Therefore, the answer is (a) approximately 2 customers; lambda is about 2.33 customers/hour.
To answer the second question, we need to find the arrival rate at which an additional mechanic is needed when the average time in the system exceeds 90 minutes or 1.5 hours.
We can use Little's Law again to find the average number of customers in the system when an additional mechanic is added. Let's assume that the new mechanic is equally skilled and can install a muffler in the same amount of time. So, the average time to install a muffler (Ws) is now reduced to half, or 10 minutes or 0.17 hours.
When the average time in the system exceeds 1.5 hours, we have:
Ls = λ * Ws
Ls = λ * 1.5
λ = Ls / Ws
λ = 1.5 / 0.17
λ ≈ 8.82 customers/hour or approximately 9 customers/hour
Therefore, the answer is (d) approximately 3 customers; lambda is about 3 customers/hour.
In summary, we can expect to find approximately 2 customers in the system and an additional mechanic is needed when the arrival rate exceeds approximately 9 customers per hour. This information can help the management to plan their resources and improve customer satisfaction.
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I NEED HELP ASAP!! I'll give brainliest!!
Which of the following are wants and needs:
Stock
Trade
Share
Money
Answers
Answer:
Trade and Money I think ...
one way that a financial institution participates in the fight against money laundering is through the filing is?
Answers
A financial institution participates in the fight against money laundering through the filing of Suspicious Activity Reports (SARs).
These reports are filed to alert law enforcement and other financial institutions to potentially suspicious transactions. SARs are required to be filed by financial institutions when they detect suspicious transactions that could indicate money laundering activities.
Financial institutions are responsible for monitoring transactions and determining which transactions should be reported.
Some of the activity that should be reported includes transactions which appear to be structured to avoid transaction reporting requirements, transactions which are out of the ordinary, or involve known or suspected money launderers. The filing of SARs allows law enforcement to detect, investigate, and prosecute money laundering activities.
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Blueroot Inc. is considering a change in its financing policy. Currently, it uses maximum trade credit by not taking discounts on its purchases. The standard industry credit terms offered by all its suppliers are 2/10 net 30 days, and the firm pays on time. The new CFO is considering borrowing from its bank, using short-term notes payable, and then taking discounts. The firm wants to determine the effect of this policy change on its net income. Its net purchases are $11,760 per day, using a 365-day year. The interest rate on the notes payable is 10%, and the tax rate is 40%. If the firm implements the plan, what is the expected change in net income?
Answers
Answer:
net income should increase by $38,448
Explanation:
net purchases per day = $11,760
net purchases x 20 days = $11,760 × 20 = $235,200
interest expense = $235,200 × 10% = $23,520
the gross amount purchased during the 20 day period:
= (net purchases × 365) ÷ (1 - discount rate) = ($11,760 × 365 days) ÷ (1 - 0.02) = $4,292,400 / 98% = $4,380,000
lost discounts = $4,380,000 × 2% = $87,600
the after tax change in net income = ($87,600 - $23,520) × (1 - 40%) = $64,080 × 60% = $38,448
What is meant by 'business plan'?
Answers
A business plan is a written document that describes in great detail the goals and objectives of a company.
A business plan outlines a written strategy for the company's operations, finances, and marketing. Both new and established businesses use business plans.
It is a crucial document intended for both internal and external audiences of a company. Generally, it is not a good idea to operate without a business plan. In reality, very few companies can function without one for an extended period.
A business plan can also help a company's executive team stay on the same page concerning strategic action items and on track to achieve set objectives.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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generally, small or token sums awarded to plaintiffs are called:
Answers
Small or token sums awarded to plaintiffs are generally referred to as nominal damages.
Nominal damages are awarded in legal cases when the plaintiff's rights have been violated, but there is little or no actual financial loss or injury suffered. These damages are typically symbolic in nature, representing a recognition of the plaintiff's rights rather than a substantial compensation for damages.
The purpose of awarding nominal damages is to acknowledge that a legal wrong has occurred, even if the harm suffered is minimal. It serves as a way to uphold the principle that individuals should not be allowed to violate the rights of others with impunity.
Nominal damages are often awarded when a plaintiff's legal claim is successful, but they are unable to prove any significant monetary loss or damages. The amount awarded as nominal damages is typically a small or token sum, such as $1, as it is meant to convey symbolic recognition rather than provide substantial financial compensation.
In addition to nominal damages, other types of damages that may be awarded in legal cases include compensatory damages (to compensate for actual losses), punitive damages (to punish the defendant), and liquidated damages (previously agreed upon in a contract). However, when there is no significant financial loss, nominal damages are the appropriate form of compensation.
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is 1 a prime number
tell me pls im to dumm
Answers
Answer:
No
Explanation:
All prime numbers most be more then 1.
An employee compiled sales data for a company once each month. The scatter plot shows the sales for the company over time. The equation represents the linear model for this data. Y = 0. 94x 12. 5 According to the model, what were the company's sales when the employee began collecting data? $5000 $12,500 $20,000 $35,000 $45,000 A graph measuring sales in relation to time. A line indicates that sales increase as time increases.
Answers
The company's sales when the employee began collecting data was $12,500.
To determine the company's sales when the employee began collecting data, we need to substitute the initial value of x (time) into the linear equation and solve for y (sales). As per the given information, the equation for the linear model is Y = 0.94X + 12.5.
Since the time value when the employee began collecting data is not given in the question, we can assume it to be zero, as it is common to use time zero as a starting point when plotting scatterplots. So, substituting x = 0, we get Y = 0.94(0) + 12.5 = 12.5.
Therefore, according to the linear model, the company's sales when the employee began collecting data was $12,500.
It's worth noting that linear models are simplified representations of real-world data, and there can be many factors that influence sales other than time. Hence, this linear model may not accurately represent the company's sales behavior in reality, and it is essential to consider other variables that may have an impact on sales.
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