On September 1, Year 1, West Company borrowed $24,000 from Valley Bank. West agreed to pay interest annually at the rate of 8% per year. The note issued by West carried an 18-month term. West Company has a calendar year-end. What is the amount of interest expense that will be reported on West's income statement for Year 1?
A. $480
B. $0
C. $192
D. $640
Answer: D
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In a buying center, gatekeepers are the people who:
a. actually use a product. b. influence a buying decision. c. regulate the flow of information. d. negotiate a purchase.
According to the textbook, four new technologies are expected to have impact on marketing. These are:
A. the Internet of Things, five-sense computing, smart grid services, and 3D technologies. B. nanotechnology, autobots, cloud computing, and electric cars. C. neuron technology, lithium batteries, cloud computing, and wireless power. D. crowdsourcing, genomics, QR codes, and smart bio watches. E. biotechnology, smart grid services, natural user interfaces, and social networks.
In terms of describing the major milestones and the funding of such, what should your presentation slide(s) on this topic include?
a. Milestones to achieve alpha, beta, first dollar sale and first operating profit b. Milestones to achieve alpha, beta c. Milestones to achieve first dollar sale and first operating profit d. Milestones to achieve first launch only
Spice Corp. wants to acquire all the assets of Sugar Corp. Spice plans to pay for the assets by issuing its own corporate stock. Spice's board of directors has already approved the merger. In what circumstances would the approval of Spice's shareholders be required for this merger? Is the approval of Sugar's shareholders necessary? Explain.
What will be an ideal response?