nemorinavory5565 nemorinavory5565

21-12-2022
Business

Answered

the pita pit borrowed $195,000 on november 1, 2024, and signed a six-month note bearing interest at 12%. principal and interest are payable in full at maturity on may 1, 2025. in connection with this note, what is the amount of interest expense that pita pit should report in its income statement for the year ended december 31, 2024?

Answer :

Other Questions

michelle has interest and short-term capital gain income of $9,000 during the current tax year. she paid brokers' commissions of $1,000, investment advisers' fe

a company's times interest earned ratio is 12.1. this means that a.the company has 12 times more debt than equity. b.the company has more than enough earnings t

carl and janet are married taxpayers filing a joint tax return. in 2022, their agi is $360,000, and their net short-term capital gain and dividend income (inclu

seaside industries issues a bond with a stated interest rate of 10%, face amount of $50,000, and due in 5 years. interest payments are made semiannually. the ma

philip, a professor, earned a salary of $140,000 from a university in the current year. he received $35,000 in dividends and interest during the year. in additi

justin company's budget includes the following credit sales for the current year: september, $35,000; october, $46,000; november, $40,000; december, $42,000. cr

a zero coupon bond matures in 4 years. interest rates move in way that decreases ytm by 1 percentage point. what is the change in value of the bond? i quadruple

the brownstone, capital account for joe brownstone, owner of brownstone company, had the following transactions for november: an additional capital contribution

situation amount 1. red and blue were the only shareholders of purple, inc., an s corporation. on january 1, year 1, red owned 45 shares and blue owned 55. on n

gardner company expects sales for october of $244,000. experience suggests that 45% of sales are for cash and 55% are on credit. the company collects 50% of its