OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the company issues a one-year note for the amount of $5.0 million. Interest is payable at maturity. Required:Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions: (Enter your answers in dollars, not in millions (i. e. 5 should be entered as 5,000,000).)Find the interest expense:interest rate fiscal year-end interest expense12% december 31 =10% September 30 =9% october 31 =6% january 31 =

The answers are given below

Explanation:

December 31 has interest rate = 12 % Interest expense will be:

= 5 000 000 × (12/100) × (6 /12)

= 5 000 000 × 0.12 × 0.5

= $ 300,000

September 30 has interest rate = 10 % Interest expense will be:

= 5 000 000 × (10/100) × (3/12)

= 5 000 000 × 0.10 × 0.25

= $ 125,000

October 30 has interest rate = 9% Interest expense will be:

= 5 000 000 × (9/100) × (4/12)

= 5 000 000 × 0.09 × 0.33

= $ 150,000

January 31 has interest rate = 6% Interest expense will be:

= 5 000 000 × (6/100) × (7/12)

= 5 000 000 × 0.06 × 0.583

= $ 175,000

idk the answer so dont listen to me but 23

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.