Sara does not like to wait for long before being served at a restaurant. Hence, the dimension of service that will influence Sara when she rates the quality of service at a restaurant will be: Multiple Choice reliability. tangibility. responsiveness. empathy. durability.

Answers

Answer 1

Answer:

Responsiveness

Explanation:

Based on the information what will influence her when she rates the quality of service at the restaurant will be RESPONSIVENESS reason been that RESPONSIVENESS is the ability of a person or an individual to respond faster ,speedly or quickly without wasting time to a situation on ground or by quickly rendering customer service to a customer need, which is why quick RESPONSIVENESS is a very vital tool for any business because it shows how fast a business, company or organization rendered service to their customers without wasting their customers time which will inturn help to influence how a customer will rates the quality of service been rendered to them just as the case of Sarah.

Example a business or company that does not have quick RESPONSIVENESS may loose their customers because not all customers like to wait for a long time before they are been attended to.


Related Questions

Approximately how many union and confederate soldiers died during the civil war?
a. 620,000
b. 245,000
c. 988,000
d. 110,00

Answers

Approximately . 620,000 union and confederate soldiers died during the cilil war.

A smaller business base, fewer rail strains, and an agricultural financial system based totally upon slave hard work made mobilization of assets extra difficult. as the conflict dragged on, the Union's blessings in factories, railroads, and manpower put the Confederacy at a high-quality drawback.

The use civil in civil battle isn't always associated with the definition "quiet or peaceful conduct." rather it refers to an older meaning of or relating to residents,and for that reason civil war is among residents of the equal country. The time period entered the lexicon within the early 16th century.

The Civil warfare turned into a brutal war that lasted from 1861 to 1865. It left the south economically devastated, and resulted in the criminalization of slavery within the united states of america. accomplice general Lee surrendered to Union popular furnish in the spring of 1865 formally finishing the warfare.

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A manager uses the information in a job analysis for all of the following EXCEPT ________.A) assessing training requirementsB) complying with FCC regulationsC) determining appropriate compensationD) recruiting and selecting individuals for a job E) providing accurate performance appraisals

Answers

A manager uses the information in a job analysis for all of the following except complying with FCC regulations. The purpose of a job analysis is to collect and analyze information about a job, including the knowledge, skills, and abilities required to perform the job successfully.

This information is used to assess training requirements, determine appropriate compensation, recruit and select individuals for a job, and provide accurate performance appraisals. The job analysis helps managers to understand the specific requirements of a job, the essential duties and responsibilities, and the necessary qualifications for the job. By understanding this information, managers can make informed decisions about how to best utilize their employees and develop effective strategies to support their success. Therefore, FCC regulations are not related to the use of job analysis information, and it is not necessary to comply with these regulations when using job analysis information.
A manager uses the information in a job analysis for all of the following EXCEPT B) complying with FCC regulations.

Job analysis is a systematic process that helps managers to understand the skills, knowledge, and responsibilities required for a specific job. It involves gathering information about a job's tasks, duties, and necessary qualifications. This information is then used for various HR functions, such as:

A) Assessing training requirements - Job analysis helps identify gaps in an employee's skills or knowledge and suggests appropriate training programs to fill those gaps.

C) Determining appropriate compensation - By understanding the responsibilities and required skills of a job, managers can set fair and competitive compensation levels.

D) Recruiting and selecting individuals for a job - Job analysis helps in creating accurate job descriptions and specifications, which are crucial for attracting and selecting the right candidates.

E) Providing accurate performance appraisals - Job analysis serves as a basis for developing performance standards and evaluating employee performance effectively.

However, job analysis does not involve complying with FCC (Federal Communications Commission) regulations, as these regulations primarily concern the use and licensing of radio frequencies, telecommunications, and media.

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identify an element of a successful persuasive tweet. offer freebies to anyone who wants one. retweet the same tweet multiple times an hour so that everyone will see it. urge action by restricting the availability of an offered freebie.

Answers

An element of a successful persuasive tweet is to "urge action by restricting the availability of an offered freebie".  Thus, Option C is correct.

This creates a sense of urgency and encourages people to act quickly.

A successful persuasive tweet often uses the tactic of urging action by restricting the availability of an offered freebie. This means that the tweet encourages people to act quickly in order to take advantage of a limited-time offer or a limited quantity of a free product or service. By restricting availability, the tweet creates a sense of urgency and scarcity, making people more likely to take action and claim the freebie.

This tactic also taps into people's fear of missing out (FOMO), which is a powerful motivator for many individuals. By creating a sense of urgency and scarcity, a persuasive tweet can effectively encourage people to take action and engage with the product or service being offered.

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Regarding resource typing, which of the following characteristics are typically use to categorize resources?A. LocationB. ColorC. Number availableD. Capability

Answers

Answer:

d

Explanation:

also because I do it lol

Calculate net worth using the following information.

Assets Liabilities
car - $3,500 car loan - $3,000
savings account - $1,000 credit card - $500
cash - $80
stock - $120
$1,200
$8,200
$12,000
$500

Answers

The net worth of the person, using the given information, can be found to be $ 1, 200

What is a person's net worth ?

The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.

A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.

In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.

The net worth of a person can be found by the formula :

= Assets - Liabilities

= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500

= 4, 700 - 3, 500

= $ 1, 200

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How does China manage to have low unemployment rate? ​

Answers

Answer:

The government would also utilize monetary policy, taxation and fiscal policy to reduce unemployment. Using favorable taxation policy, the government support the unemployed to achieve self-employment or set up their own businesses. Meanwhile, encourage small and medium size companies to absorb the unemployed.

Dividend Yield is calculated by... Dividng Dividends by Assets O Dividing Dividends by Net Book Value Dividing Dividends by Stock Price Dividing Dividends by Net Income Dividing Dividends by EBIT

Answers

Dividend yield is calculated by dividing dividends by stock price. Dividend yield is a ratio that measures how much a company pays out in dividends each year relative to its stock price.

It is an important metric for investors as it can help them evaluate the income potential of an investment. The higher the dividend yield, the more income an investor can earn from a particular stock. Conversely, a low dividend yield may indicate that the company is not paying out a significant amount in dividends or that the stock price is overvalued. Dividend yield is calculated by dividing the annual dividends per share by the stock price per share. For example, if a company pays out $1 in dividends per share and the stock price is $20 per share, then the dividend yield would be 5%. This means that an investor who owns one share of the company would earn $1 in dividends per year, which is equivalent to a 5% return on their investment. Dividend yield is an important factor to consider when evaluating the income potential of an investment, but it is not the only factor.

Investors should also consider other factors such as the company's financial health, growth prospects, and valuation. A company with a high dividend yield may be attractive to income-seeking investors, but it may also indicate that the company is not investing in growth opportunities or that it is facing financial difficulties. As with any investment, investors should conduct their own research and analysis to determine whether a particular stock is a good fit for their portfolio.

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Dividend Yield is calculated by dividing Dividends by Stock Price.The dividend yield is a financial ratio that measures how much a company pays out in dividends each year relative to its stock price.

The dividend yield is calculated by dividing the annual dividend payment by the prevailing stock price and expressing the result as a percentage. The formula for dividend yield is as follows: Dividend Yield = Annual Dividend Payment / Stock PriceAs we can see from the formula, Dividend Yield is calculated by dividing Dividends by Stock Price, therefore option C is the correct answer.

Dividend yield is an important financial metric for investors as it provides a measure of how much money they can expect to earn from holding stock. It is also used as a way to compare the dividend-paying potential of different stocks and to evaluate the performance of dividend-focused investment strategies.

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What is the range for the 68-95-99.7 distribution?

Answers

The range for the 68-95-99.7 distribution is approximately three standard deviations from the mean.

What is the range covered by the 68-95-99.7 distribution?

In statistics, the 68-95-99.7 distribution, also known as the empirical rule or the three-sigma rule, is a guideline that applies to data that follows a normal distribution. It states that approximately 68% of the data falls within one standard deviation of the mean, about 95% falls within two standard deviations, and roughly 99.7% falls within three standard deviations.

To understand the range covered by this distribution, we can visualize it as a bell-shaped curve. The mean of the distribution represents the central value, and standard deviations measure the spread of the data. The range for the 68-95-99.7 distribution extends approximately three standard deviations on both sides of the mean. This means that for a normal distribution, about 68% of the data points fall within the range of mean ± one standard deviation, 95% within mean ± two standard deviations, and 99.7% within mean ± three standard deviations.

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The Government of Country Y owns and controls many businesses. "The public sector always produces goods and services more efficiently than privately owned businesses', a Government minister recently said. Other ministers disagree and want to privatize many state-owned businesses. The private sector businesses in Country Y produce 55 per cent of total output - mainly in services such as transport, tourism and finance. The secondary sector of industry produces 35 per cent of total output.

Answers

Answer:

what do i have to answer?

Explanation:

Please helppp!!!
Match the following terms to their correct definitions:
1. A free trade agreement between the U.S., Mexico and Canada
2 A phenomenon that has come about as a result of interdependence between world
economies
3. Large-scale businesses that have originated in developed countries and expanded across the
globe
4. A worldwide organization established after World War Il as a means for providing financial
help for nations in need
a. NAFTA
b. IMF
c. Multinational Corporations
d. Globalization

Answers

Answer:

I dont want ads so I am gonna answer this

Explanation:

True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses

Answers

Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can

plan on spending up to 50% of that amount on car expenses.

Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.

This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.

This is because discretionary expenses are categorized under wants instead of needs.

Thus, given that planning for car expenses is a want, then the statement in the question is True.

Hence, in this case, it is concluded that the correct answer is "True."

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Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C

Answers

answer: c hope it helps!

Answer:

a) I

Explanation:

The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.

How does a notice board help in providing information?​

Answers

Answer:

to boost the marble of employees

Answer:

A notice board can display graphs, data, facts and other relevant information

Explanation:

A notice board saves time, keep people informed, and can be serve for many purposes.

Linda, the listing broker, is planning to forward her commission claim to the closing agent for a commercial property. the owner refuses to pay commission. the property has a value of $1,000,000 and linda's commission is 7% of it. the owner had taken out $1,125,000 in mortgages on the property. can linda recover her commission?

Answers

Linda can still recover her commission because, the property value is $1,000,000 of which her commission is 7% or $70,000. The amount that is left after the property is mortgaged is enough for Linda's commission.

What is commission?

It is a payment made to a representative or employee for carrying out a task or rendering a service. A portion of the money collected from the total amount paid to the agent in charge of the business makes up the majority of it. For each automobile he sells, he receives a commission.

Value of the property =  $1,000,000

Amount of Linda's commission =  $1,000,000× 7% = $70,000

Amount taken out for mortgage = $1,125,000

Amount left = $1,125,000- $1,000,000 = $125,000

Therefore, Linda can recover her commission.

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Sunland Company uses a job order cost system. On May 1, the company has a balance in Work in Process inventory of $3,290 and two jobs in process: Job No. 429$1,880, and Job No. 430$1,410. During May, a sumrnary of source documents reyeals the following Sunland Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. 10bNo.429 is completed during the month. Prepare May 31 summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (List all debit entries before credit entries. Credit occount ti ore automatically indented when amount is entered. Do not indent manually.

Answers

Sunland Company is using a job order cost system where costs are assigned to jobs based on production, not departments or processes. On May 1, the company has a balance in Work in Process inventory of $3,290 and two jobs in process: Job No. 429 and Job No. 430 with costs of $1,880 and $1,410, respectively.

Job Order Cost System:

Journal Entries (May 31):

1. Requisition Slips:

ParticularsDebitCredit

Work in Process Inventory$3,045

Raw Materials Inventory$3,045(To record the cost of materials requisitioned for production.)

2. Time Tickets:

ParticularsDebitCredit

Work in Process Inventory$1,140

Wages Payable$1,140(To record wages earned by employees who worked on production.)

3. Assignment of Manufacturing Overhead to Jobs:

ParticularsDebitCredit

Work in Process Inventory$1,482

Manufacturing Overhead$1,482(To apply overhead to the jobs on the basis of 60% of direct labor cost.)

4. Completion of Job No. 429: ParticularsDebitCredit

Finished Goods Inventory$3,456

Work in Process Inventory$1,880Manufacturing Overhead$1,482

Wages Payable$94(To record the completion of Job No. 429.)

The company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 was completed during the month of May.

The journal entries made for May 31 to record the following transactions are:

1. Requisition Slips: To record the cost of materials requisitioned for production, debit work in process inventory account and credit raw materials inventory account.

2. Time Tickets: To record wages earned by employees who worked on production, debit work in process inventory account and credit wages payable account.

3. Assignment of Manufacturing Overhead to Jobs: To apply overhead to the jobs on the basis of 60% of direct labor cost, debit work in process inventory account and credit manufacturing overhead account.

4. Completion of Job No. 429: To record the completion of Job No. 429, debit finished goods inventory account and credit work in process inventory, manufacturing overhead, and wages payable accounts.

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Which option identifies the component of the SMART objective (specific, measurable, attainable, realistic, and time-bound) missing from the following scenario?

Half-hour video interviews will be conducted with each veteran, discussing his or her service in World War II.


The benchmark indicating whether the objective is attainable is missing (attainable).

The benchmark indicating whether the objective is doable is missing (realistic).

The benchmark indicating specifics within the objective is missing (specific).

The benchmark indicating when the objective will be complete is missing (time-bound).

Answers

Answer:

A-  The benchmark indicating when the objective will be complete is missing (time-bound).  

Explanation:

Took the Quiz, was right.  My bro above helped me.  

Trust moi.  

Hope this helps <3  

Why might some investors become careless about their portfolios ?

Answers

Investors hold diversified portfolios in order to reduce risk, that is, to lower the variance of the portfolio, which is considered a measure of risk of the portfolio.

Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation

Answers

Answer:

The answer that I think would be correct is option C (survivors benefits)

Explanation:

Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.

Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.

Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.

Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.

What im supposed to do when i created an account

Answers

You must present identification when opening a new bank account so that the bank can confirm your identity. A government-issued ID, such as a driver's licence, passport, or military ID, is what you should provide.

After opening a bank account, what should you do?

Don't forget to receive your ATM card and chequebook once you've opened your account. Also, you can fill out an application for internet banking, which will enable you to manage your account online.

How does opening a new bank account work?

Your finances shouldn't be significantly impacted by a new bank account. A new bank account does not immediately affect your credit, in contrast to a new credit card. However, some banks might run a credit check on every new client, so if you open an account with a new bank, you can notice a new inquiry on your credit report.

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When consumers in the United States buy products made by China, they are buying imported goods.
True or False

Answers

This is actually true

The expected return on Karol Co. stock is 16.5 percent. If the risk-free rate is 5 percent and the beta of Karol Co is 1.5, then what is the risk premium on the market? 7.67% 6.10% 5.23% 4.42%

Answers

To find the risk premium on the market, we can use the Capital Asset Pricing Model (CAPM) formula:

Expected Return = Risk-Free Rate + Beta × Market Risk Premium

We are given the following information:

Expected Return on Karol Co. stock = 16.5%
Risk-Free Rate = 5%
Beta of Karol Co = 1.5

We need to find the Market Risk Premium. To do this, we can rearrange the CAPM formula:

Market Risk Premium = (Expected Return - Risk-Free Rate) / Beta

Now, we can plug in the values:

Market Risk Premium = (16.5% - 5%) / 1.5
Market Risk Premium = 11.5% / 1.5
Market Risk Premium = 7.67%

So, the risk premium on the market is 7.67%.

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You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?

Answers

Answer:

$245 per participant

Explanation:

total number of participants = 200

total costs for 200 participants:

$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for meals

total costs = $33,000

if you want to earn $16,000 in profits ($8,000 each),

price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245

How does “principal” relate to an auto/college loan?

Answers

The relation of “principal” to an auto/college loan is given below:

What is principal?

The term "principal" refers to the amount of money borrowed in a loan, not including interest. In an auto loan or college loan, the principal is the initial amount of money that the borrower receives from the lender.

For example, if you take out a $20,000 auto loan to purchase a car, the principal of the loan would be $20,000. This is the amount of money that you receive from the lender to purchase the car.

Interest is a fee that the lender charges the borrower for the use of the money. The interest is typically expressed as a percentage of the principal and is paid over the term of the loan.

For example, if the interest rate on the $20,000 auto loan is 5% per year and the loan term is 5 years, the total interest paid over the course of the loan would be $2,500 (5% of $20,000 per year for 5 years). This means that the total cost of the loan, including both the principal and the interest, would be $22,500 ($20,000 principal + $2,500 interest).

Hence, the principal of a loan is the initial amount of money borrowed, while interest is a fee charged by the lender for the use of the money.

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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?

Answers

Answer:

it depends on the measures taken to ensure that economy is stable.

Answer:

1. it is difficult to say since contractionary periods have varying lengths in different business cycles.

2. shock

3. high unemployment

4. two

5. expansion stage of the business cycle

Explanation:

just took it

Which factor would credit card companies most likely use to determine an applicants creditworthiness

A) Political party
B) Size of family
C) Hourly wages
D) Languages spoken

Answers

Credit Card companies will most likely use Hourly wages to determine an applicants creditworthiness. Thus, option C is correct.

What is Credit Card?

A credit card is a type of payment card that is given to customers (cardholders) to allow them to pay a merchant for products and services based on the amount of debt they have accumulated (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges).

The card issuer (often a bank or credit union) establishes a revolving account and provides the cardholder with a line of credit from which they can borrow money to pay for purchases or receive a cash advance. Consumer credit cards and business credit cards are the two types of credit cards. The majority of cards are made of plastic, although others come in metal (stainless steel, gold, palladium, titanium) or are covered in gemstones.

Therefore, we can conclude that option C is correct.

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true or false? effective evaluation measures of a sales force should include both input and output measures.

Answers

The given statement " effective evaluation measures of a sales force should include both input and output measures." is True. Evaluation measures of a sales force should aim to provide both input and output measures. Input measures provide information on how effective and efficient the sales force is in utilizing available resources to reach the desired outcomes.

On the other hand, output measures offer details about the actual sales and profits made.The input measures of sales force evaluation typically involve assessing the recruitment, training, and deployment of the sales team members, the working environment, and the available sales tools and resources.

The output measures entail examining the sales volume, revenues, and profits attained over a given period. The ratio of sales to the number of sales representatives and customer feedback, are also commonly used as output measures in sales force evaluation.The use of both input and output measures in sales force evaluation is crucial in identifying the areas of strengths and weaknesses of a sales team.

In addition, both types of measures can help organizations to establish effective strategies to optimize the performance of their sales force. Hence, it is true that effective evaluation measures of a sales force should include both input and output measures.

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from the following list of selected items taken from the records of rosewood appliance service as of a specific date, identify those that would appear on the balance sheet:

Answers

1. Accounts Payable Would appear on the balance sheet - Yes

Due to the fact that it represents the sum that the business owes its creditors, accounts payable is a balance sheet item.

2. Accounts Receivable Would appear on the balance sheet - Yes

In relation to the money that clients owe the business, accounts receivable would show up on the balance sheet.

3. Andrew King, Capital Would NOT appear on the balance sheet - Yes

A balance sheet component is capital. It is a component of equity.

4. Cash Would appear on the balance sheet - Yes

On the balance sheet, cash would be shown.

5. Fees Earned Would appear on the balance sheet - No

An item on the income statement is fees earned.

6. Land Would NOT appear on the balance sheet - Yes

The balance sheet's component of fixed assets includes land.

7. Rent Expense Would appear on the balance sheet - No

Rent expenditure appears on the income statement.

8. Supplies Would appear on the balance sheet - Yes

On the balance sheet, supplies would show as a current asset.

9. Wages Expense Would appear on the balance sheet - No

Wage expenditure is a line item on the income statement.

10. Wages Payable - Yes

The balance statement would show due wages. It refers to employee pay that the business owes.

Complete Question -

From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify those that would appear on the balance sheet:

1. Accounts Payable Would appear on the balance sheet.

2. Accounts Receivable Would appear on the balance sheet.

3. Andrew King, Capital Would NOT appear on the balance sheet.

4. Cash Would appear on the balance sheet.

5. Fees Earned Would appear on the balance sheet.

6. Land Would NOT appear on the balance sheet.

7. Rent Expense Would appear on the balance sheet.

8. Supplies Would appear on the balance sheet.

9. Wages Expense Would appear on the balance sheet.

10. Wages Payable

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Please explain fully and do not copy answer from somewhere on chegg. I will down vote because it always happens to me.

For each of the following departures from GAP, indicate the type of opinion that the auditors would issue as well as any modifications that would be made to the standard (unmodified) report in the audit of a non-issuer.

a. A departure that had an immaterial effect on the financial statements.

b. A departure that had a material effect on the financial statements (this effect was not pervasive and affected only one account).

c. A departure that had a material effect on the financial statements and was pervasive affected a number of accounts on both the balance sheet and income statement).

Answers

A departure from GAAP with an immaterial effect on the financial statements would result in an unmodified opinion without any modifications to the standard report.

In the case of a departure from GAAP that has an immaterial effect on the financial statements, auditors would determine that the departure does not have a significant impact on the overall fairness of the financial statements.

As a result, they would issue an unmodified opinion, also known as a clean opinion, indicating that the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of the company in accordance with GAAP.

Since the departure is immaterial, there would be no modifications needed to the standard (unmodified) report.

The report would follow the usual format and include the auditor's opinion, management's responsibility statement, and the auditor's responsibility statement, without any additional explanations or modifications.

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What is the answer?? I need help

What is the answer?? I need help

Answers

Economic classes

Explanation:

they are all fit within the category about what the main question is

Waterway Company borrowed $950000 from Bank Two on January 1.2020 in order to expand its mining capabilities The five-year note required annual payments of $257042 and carried an annual interest rate of 10%. What is the amount of interest expense Waterway must recognize on its 2021 income statement? O $78795.80 $73015.80 $65852.80 $95000.00

Answers

The amount of interest expense Waterway must recognize on its 2021 income statement is $69295.80.

Waterway Company borrowed $950000 from Bank Two on January 1, 2020, to expand its mining capabilities. The five-year note required annual payments of $257042 and carried an annual interest rate of 10%.Here is how to calculate the amount of interest expense Waterway must recognize on its 2021 income statement; As of the end of 2020, Waterway would have paid Bank Two one annual payment of $257042 and would still owe four annual payments. The principal remaining on the loan at the end of 2020 will be $950000 minus $257042 = $692958.

To find the amount of interest expense Waterway must recognize on its 2021 income statement, we need to calculate the interest on the outstanding balance of the loan as of the end of 2020. The formula for calculating interest is: Interest = Principal × Rate × Time The principal at the end of 2020 was $692958. The rate is 10%. We need to calculate the time period from the end of 2020 to the end of 2021. It is one year. So, Interest expense = $692958 × 0.10 × 1= $69295.80.

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