Blanchard Corporation issued a 1-year, 9%, $150,000 note payable on April 30, 2022. Interest expense for the year ended December 31, 2021, is $8,000. $9,000. $12,000. $6,000.

Answers

Answer 1

The interest expense for the year ended December 31, 2021, for Blanchard Corporation is b) $9,000.

How is interest expense computed?

Interest expense is prorated.  Since Blanchard Corporation issued the notes on April 30, the interest expense for the year will not be for 12 months but only 8 months (May to December).

Data and Calculations:

Note payable = $150,000

Interest rate = 9%

Period of note = 1 year

Date of issuance = April 30, 2020

Interest expense at December 31, 2021 = $9,000 ($150,000 x 9% x 8/12)

Thus, the interest expense for the year ended December 31, 2021 is b) $9,000.

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Related Questions

Marie contracts to buy coffee beans for her store from Owen. The contract price is $5.00 per pound. Owen breaches the contract and delivers no coffee. Marie'sdamages will be:

Answers

Answer:

d. the difference between the market price of

the coffee and the contract price.

Explanation:

Damages can be described as the loss caused

by a breach of a contract. They are measured

and expressed in monetary units. Damages

arise because one person in a contract has

not fulfilled their obligation. As a resut, the

innocent party suffers losses or injury.

Damage compensation should take an injured

party to where they should have been if the

contract was not breached. For Marie, If the

contract was not breached, she would have

bought the coffee at $5 per pound. Her

damages would be the difference between thne

price she eventually paid for the coffee, and

the contract price of $5.

a telephone cost $250. the sales tax is 7.5 . what was the cost of the telephone including sales tax

Answers

Answer:

268.75

Explanation: The sales tax should be 18.75

What is opportunity cost? and why does it matter when it comes to personal finances?

Answers

Answer:

represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are, by definition, unseen, they can be easily overlooked.

General Motors got in trouble with one of its suppliers of trim because: a. It increased volumes so much that the supplier was no longer profitable b. It allowed its supplier to become too dependent upon it c. The supplier filed bankruptcy and ceased operations d. All of the above e. Only b and c

Answers

The reason General Motors got into trouble with a supplier was that a. It increased volumes so much that the supplier was no longer profitable.

What did General Motors do?

In order to gain more customers, General Motors began demanding more trim in its vehicles.

Trim, which refers to including a lot of features in a car to make it more attractive, can be expensive to make. When General Motors made the supplier produce a lot of it, the supplier stopped making profit.

In conclusion, option A is correct.

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The expenses involved in going into business, such as buying a space and purchasing equipment, are examples of
a.
marketing funds
b. start-up costs
financial plans
d. operating expenses
C.
Please select the best answer from the choices provided
A
ОВ
Оооо,
0 0
D

Answers

for the first section it's b but i don't understand the other bit

According to the segment, which of the following is NOT a way to plan and prepare
for an assignment?
Brainstorming
Strengthening
Editing
Structuring

Answers

a way to not plan or repair is editing

From the following ways to organize and get ready for an assignment is not the section Editing Option (C) is hence the appropriate response.

A legal phrase, "assignment," is employed in the context of contract and property law. A person, known as the assignor, transfers rights or advantages to another, known as the assignee, through the assignment procedure in both situations.

Without the express consent of the assignee, a responsibility, burden, or disadvantage may not be transferred during an assignment. The benefit or right being transferred may be a gift (such as a waiver) or it may be exchanged for a monetary payment under a contract.

The rights could be contingent or vested and could even include an equitable organize stake.

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Having the resources, information, and attitudes that allow you to take action to achieve a desired goal is called __________. a. organization b. self-confidence c. empowerment d. an action plan

Answers

Answer:

b. pa brainliest po plss

True or false: An unchanging marketing communication program is critical to the success of every company. True false question. True False

Answers

Answer:

false

Explanation:

you keep changing to what the people want because that t what the will buy new ideas because someone else will.

During the need-fulfillment stage of the trust-based relationship selling presentation format, _____.

Answers

The salesperson should speak more during the need-fulfillment stage of the sales presentation format based on the trusted relationship.

What is the need-fulfillment stage?

It is the last step of the sales process, where the seller will demonstrate, through technical explanation and demonstration of use, the benefits of the product and how they will satisfy the buyer's need.

Therefore, it is at need-fulfillment stage that the salesperson must use the relationship of trust with the customer to generate persuasion and make the sale.

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how do you develop an effective content distribution strategy select one distribution channel, run tests for new marekting channels

Answers

We can develop an effective content distribution strategy through development of distribution channel.

What is a distribution channel?

A distribution channel refers to a  ain of intermediaries from which good are able to reach the final buyer.

However, the process of developing an effective content distribution strategy is through development of distribution channel.

Therefore, the Option A is correct.

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________ is the degree to which an innovation fits the values and experiences of potential consumers.

Answers

Answer:

Compatibility is the degree to which an innovation fits the values and experiences of potential customers.

The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.

Compatibility is the degree to which an innovation fits the values and experiences of potential consumers.

Is the degree to which a new innovation fits with the values of potential customers?The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.Divisibility. The extent to which the innovation can be tested on a limited scale.Observability. The degree to which the outcomes or benefits of implementing an innovation are visible to potential adopters is referred to as observability.The degree to which an innovation fits the values and experiences of potential consumers is referred to as compatibility. It is one of the product characteristics that influence the adoption rate because consumers will only gradually begin to adopt a product if it is incompatible with their mindset.

To learn more about :  compatibility.

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In business strategy, ___________ strategy centers on how a firm will compete in a given industry and will position itself against its competitors.Group of answer choices FunctionalDivisional Corporate Business-unit

Answers

It should be noted that business strategy, Functional strategycenters on how a firm will compete.

What is Functional strategy?

This is the strategy used by business to be able to compete in a highly compitive environment.

Therefore, it is required by company

in a given industry to position itself against its competitors.

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The Work in Process Inventory account is found only in the ledgers of manufacturing companies. True False

Answers

It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.

What is work in process?

Work in process refers to goods that are still being manufactured-not yet completed goods. This means that the goods are not yet fully produced but still at the stage of production.

Work in process comprises all inventory ranging from the beginning stage between raw materials inventory  to be used and final products.

Hence, It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.

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How long after the irs accepts your return will it be approved?.

Answers

Answer:

When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.

Explanation:

Texas star oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, texas star oil could resort to the payment of:.

Answers

The Texas star oil could have to resort to the payment of speed money in order to legally overcome the problem.

What is a speed money?

A speed money refers to a money paid to speed up some tasks or operations that are been delayed intentionally by someone or some company.

Because of the pending bureaucratic procedures which made the execution of the contract to be delayed, the option of Speed money is most viable option for Texas Star oil.

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Timeturner corp. Is a company based in the united states that manufactures luxury wrist watches. By western standards, if the company uses sweatshop labor to make these watches, it is most likely to be considered:.

Answers

The action that's illustrated by the company by using sweatshop labor to make these watches us unethical.

What is ethics?

It should be noted that ethics simply means the act of knowing right from wrong.

Ethics is important in business to portray a good image. In this case, the company uses sweatshop labor to make these watches, it is most likely to be considered unethical. This is bad for the image of the company.

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A high degrees of class consciousness in societies can be disruptive within industries, which can often lead to

Answers

It should be noted that high degrees of class consciousness in societies can be disruptive within industries, which can often lead to an increase in the costs of production.

What is class consciousness?

Class consciousness can be regarded as the segregation in the society, it is the placing of individuals to different class.

However, this can often lead to an increase in the costs of production because of segregation.

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Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to:

Answers

Inexpensive computer systems and off-the-shelf software make managing small businesses easier by easily tracking daily sales and expenses and managing customer records.

Organizational automation

Intelligent information systems help the management of an organization by processing a large amount of data and transforming it into relevant information.

The information provided by software helps in faster and more reliable decision making, allowing for increased productivity, quality and providing continuous improvement in all processes.

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Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The number of blankets that must be sold to achieve the target profit is ______. Multiple choice question.

Answers

The number of blankets that must be sold to achieve the target profit is 40,000 blanket.

What is a target profit?

A target profit refers to a preset goals of achieving a certain level of profit in particular year

Number of blankets to sold = ($520,000 + $320,000) / $21

Number of blankets to sold = 40,000 blanket

In conclusion, the number of blankets that must be sold to achieve the target profit is 40,000 blanket.

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Which of the five satisfaction facets is most likely to be viewed as undesirable by an employee?.

Answers

The promotion satisfaction is the faucet that the employee may find to be undesirable.

Why the promotion satisfaction is undesirable

This may be undesirable by an employee due to the fact that with more promotions, there would be the need for more work.

Apart from this fact the promotion may also cause the responsibility on the employee to be raised with more work hours.

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Why is it a good idea to shop at the same two or three stores from week to week?

Answers

Answer:

It is good to shop at the same shop 2-3 times a week so the business can build a Business 2 Customer relationship, and also to gain points and rewards when you go and come back to the shop to entice you into coming and recommending to a friend.

Explanation:

What is the term for forecasts used for making day-to-day decisions about meeting demand?.

Answers

Tactical forecasts

Tactical forecasts are used for making day to day decisions about meeting demand

Flexible payments that change from month to month are referred to as: Multiple Choice budget variance. cash flow. fixed expenses. insolvency. variable expenses.

Answers

The Variable Expenses is an expense of flexible payments that change from month to month.

What is Variable Expenses?

A variable expenses is an expenses that change over time such as sales commissions, direct labor costs, cost of raw materials etc.

Hence, the variable expenses is the expense of flexible payments that change from month to month.

Therefore, the Option E is correct.

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Why is it important to promote and advertise any products that will go on the market?:​

Answers

Answer:

It's important because it can drive business growth. Advertising works to amplify your small business marketing and helps you reach the right audience with positive, targeted messaging that converts potential customers into paying customers.

Golden Gate Hair Company keeps track of the gender and age of its customers so it can target emails to them and be sure to have the right hair products in stock when they visit. This is an example of the use of ________ in marketing.

Answers

When the Hair company keeps track of the gender and age of its customers, its intends to use the demographics in marketing.

What is demographics?

A demographics means the study of a population based on age, race, s.ex, education, income, employment etc

The element of demographics are important because its helps to understand the characteristics of the target population.

In conclusion, when Hair company keeps track of the gender and age of its customers, its intends to use the demographics in marketing.

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High debt ratios that exceed the industry average may make it costly for a firm to borrow additional funds without first raising more equity . The times interest earned ratio measures the extent to which -Select- income can decline before the firm is unable to meet its annual -Select- payments. Its equation is:

Answers

The times interest earned ratio measures the extent to which operating income can decline before the firm is unable to meet its annual interest payments.

What is the times interest earned ratio?

The ratio is a financial tools used to measure the company's ability to meet its debt obligations based on its current income.

The formula for deriving the times interest earned ratio is operating income divided by interest expense.

Therefore, the word is "Operating" and "Interest" is correct.

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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?

Answers

The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

What is housing industry?

An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.

Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,

Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc

In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

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A raise in the price of a product
(1) Causes firms to decrease production.
(2) Causes a decrease in supply.
(3) Increases competition.
(4) Decreases competition.

Answers

I would say 4

Hope this helps!!

Which type of employee fraud is the most frequent? Question 48 options: A) Billing B) Expense reimbursement C) Skimming D) Non-cash E) Payroll

Answers

The type of employee fraud that is most frequent is Expense reimbursement fraud.

What leads to Expense reimbursement fraud?

This refers to fraud or misappropriation that occurs when an employee overstates the amount of cash required to execute a business activity or that they have spent in executing an assignment for the company/ business.

Examples of business expense reimbursements are:

Travel and food allowanceshealthcare costscommunication expenses etc. Therefore, the correct answer is B.

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I need help with this last question can someone please help

Answers

Answer:

hope it helps

Explanation:

b. name of the benificiars/ insured

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