Answers
Answer:
Balanced
Explanation:
Accounting equation: Assets = Liabilities + Equity
If a company borrows a loan note from the bank this will alternatively increase the assets because the cash received from the bank and liabilities portion will also increase at the opposite side with the same amount the asset is increased therefore the accounting equation will be balanced.
Related Questions
At December 31, 2021, Hull-Meyers Corp had the following onvestments that were purchased during 2021, its first year of operations
Answers
Imagine you are writing a friend an email about your great new job. Use your imagination and your research findings!
Your paragraph/email should answer all of the following:
What career do you have?
Where do you work (hospital, office, lab)?
Whom do you work with?
What do you do at your job?
What makes you good at your job?
What equipment or technology do you use?
Answers
hey friend! i got a new job today. i’m very excited to work as a doctor, i work in a office sometimes but i go to patients most the time to help them! i work with sara who lives down the street from you. i help kids most the time. i let them use my stethoscope and stuff like that! thanks! [your name]
Explain the Career Summary portion of a resume.
Answers
The Career Summary section of a resume is a brief statement that summarizes the candidate's professional background, skills, and accomplishments.
This section is typically located at the top of the resume and is the first section that the hiring manager will see. The purpose of the Career Summary is to catch the hiring manager's attention and entice them to read the rest of the resume. A well-crafted Career Summary should be tailored to the specific job and employer. It should highlight the candidate's relevant experience, skills, and achievements that are most important for the job they are applying for. The summary should be concise and focused, usually no more than two or three sentences. It should include key industry buzzwords and phrases that are relevant to the job. When writing a Career Summary, it's important to focus on the benefits that the candidate can bring to the employer. This means emphasizing the candidate's achievements and skills that will be most valuable to the employer. For example, if the job requires strong leadership skills, the summary should highlight the candidate's experience as a leader and their ability to motivate and inspire others. Overall, the Career Summary is a powerful tool that can help a candidate stand out from the competition and get noticed by hiring managers. By focusing on the most relevant skills and achievements, candidates can create a compelling summary that showcases their value to potential employers.
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Which of the following inventory models does not assume that the inventory position is monitored continuously?
a. periodic review with probabilistic demand model
b. quantity discounts for the EOQ model
c. inventory model with planned shortages
d. economic production quantity model
Answers
Answer: periodic review with probabilistic demand model
Explanation:
The inventory models does not assume that the inventory position is monitored continuously is the periodic review with probabilistic demand model.
In this situation, it implies that the position of the inventory can be checked periodically rather than continuously like in the other options given.
True or False? The placement of a product within a store, or online, can determine the sales performance of that product.
Answers
Product Placement. a form of advertising in which name brand goods are placed in sports & entertainment programs. embedded marketing.
Answer:
true
Explanation:
1. A REIT has an NOI of $15 per share. It paid a dividend of $10 per share last year
. The dividend is projected
to increase by 4 percent this year and continue to increase by 4 percent per year thereafter. Assuming that
the blended cap rate is 9.75 percent and the required rate of return is 10.5 percent, what would the net
asset value (NAV) per share of the REIT be if total liabilities are $40,000 and there are 1,000 shares
outstanding?
Answers
The net asset value per share of the REIT would be $105.71.
Data and Calculations:
Net operating income (NOI) = $15 per share
Outstanding number of shares = 1,000
Total liabilities = $40,000
REIT's blended cap rate = 9.75%
REIT's required rate of return = 10.5%
The total net operating income (NOI) for the year = $15,000 ($15 x 1,000).
The annual interest expense on debts = $3,900 ($40,000 x 9.75%).
The net income after interest (EBT) = $11,100 ($15,000 - $3,900).
The Net asset value = $105,714 (11,100/10.5%).
Thus, the net asset value per share of the REIT would be $105.71.
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When George and Arthurine Renfro decided to start a family business in 1990 and market chowchow, a southern regional food, they had to determine how they would price the chowchow by examining the demand for the product (would people rather eat home-made or store-bought), the cost of getting the jars for bottling the chowchow, and how much it would cost to distribute the product to area stores. In other words, the Renfros had to begin the development of their pricing strategy by:
Answers
Answer:
identifying pricing constraints.
Explanation:
From the question we are informed about George and Arthurine Renfro decided who decided to start a family business in 1990 and market chowchow, a southern regional food, they had to determine how they would price the chowchow by examining the demand for the product (would people rather eat home-made or store-bought), the cost of getting the jars for bottling the chowchow, and how much it would cost to distribute the product to area stores. In other words, in this case, the Renfros had to begin the development of their pricing strategy by identifying pricing constraints. .
Pricing constraints can be regarded as
factors which brings about limit of latitude of prices which a company may set.
The following refers classification of space except
a.
Personal space
b.
Ethical space
c.
Public space
d.
Intimate space
Answers
Classification of space except public space. People connect, meet, and interact in public spaces where they also express their shared rights to the city and find similar interests.Public space is essential to the idea of a livable and human environment in a city that values its residents.
The following refers classification of space except?
Personal space is the area that a person considers to be psychologically theirs.The majority of people value their personal space and dislike, become angry, or become anxious when in it.It invades people's personal space.allowing someone into your personal space and entering. Our personal space serves as a "protection" zone surrounding us and gives us a sense of security.Only those we permit entry into our personal area.We feel appreciated and cherished when others refrain from entering this zone. The goal of ethical space is to establish a setting where knowledge systems can interact while upholding fundamental moral norms and virtues like kindness and generosity.A framework called the ethical space of engagement looks at the differences and positions of Indigenous peoples and Western society.The Etuaptmumk - Two Eyed Seeing method, developed by Mi'kmaw Elder Albert Marshall, is the best example of how Western and Indigenous worldviews may coexistEvery system of knowledge is equal; no system is more significant or legitimate than another. According to the classification, intimate space falls into four categories: close physical contact up to 18 inches, personal space up to 4 feet, social space up to 12 feet, and public space above 12 feet.Personal space becomes communal space when a desk is placed between two persons. According to Ermine's analysis, ethical space has the power to change unequal social structures into respectful alliances between Indigenous and non-Indigenous peoples.To learn more about public space refer
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A group of young patrons come into the venue after a sports event. They are loud and excited, celebrating a win for their team. Some of the patrons seem as though they have already been drinking, and the other patrons in the venue have noticed this group. A) How do you respond to these patrons? Issue the group with a warning to make sure they know the type of behaviour that the venue expects. B) One of the patrons comes to the bar to order a few jugs of pre-mix alcoholic drinks for the group. Refuse service to the patron and explain why serving alcohol in this manner is irresponsible. C) The patron is not happy that you have refused him service and he pressures you to serve the group the jugs of alcohol. More of the patron’s friends come over to the bar and start to make a scene, talking loudly for the rest of the venue to hear. D) How do you respond to this? E) After you ask some of the patrons to leave the venue, others from the group start to get upset. They are getting more aggressive and you do not think you can handle the situation on your own. How do you respond to this?
Answers
Answer:
The following is how I would deal with the issue of drinking and other associated issues among the Patron in the venue.
A) How do you respond to these patrons?
O. Issue the group with a warning to make sure they know the type of behaviour that the venue expects.
B) One of the patrons comes to the bar to order a few jugs of pre-mix alcoholic drinks for the group. Refuse service to the patron and explain why serving alcohol in this manner is irresponsible.
O. I would refuse to serve the group with the mix which they wanted because they are already drunk going by their behaviour. This would also help to prevent total intoxication in the group which would end up endangering the road users should they decide to go home by driving. The best option would be to ensure that, they took taxi back to their various homes rather than driving themselves.
C) The patron is not happy that you have refused him service and he pressures you to serve the group the jugs of alcohol. More of the patron’s friends ........D) How do you respond to this?
O. By subtle reminder to them that, they are becoming a public nuisance in the venue, and would end up calling the police should the continue with their acts.
E) After you ask some of the patrons to leave the venue, others from the group start to get upset. They are getting more aggressive and you do not think you can handle the situation on your own. How do you respond to this?
O. By informing my overall supervisor why at same time putting a call across to the police about the potential breakdown of order in the venue which has a very high chance of leading to fight or injury.
Explanation:
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390
Answers
The total gross margin for the month under absorption costing is $16,120.
What is the total gross margin?Total variable cost per unit:
Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12Total variable cost per unit:
= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit
= $44 + $19 + $13 + $12
= $88
Total fixed costs:
Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440Total fixed costs:
Fixed manufacturing overhead + Fixed selling and administrative expenses
= $85,260 + $16,440
= $101,700
Total gross margin:
= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs
= ($131 - $88) * 2,740 - $101,700
= $43 * 2,740 - $101,700
= $117,820 - $101,700
= $16,120.
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Which questions about risk should someone ask before making a big purchase? Check all that apply.
What problems are most likely to happern?
OWhat can be done to avoid liability
OWhat could go wrong?
OWhat problems could be most damaging?
OWhat option has no risk?
Answers
Answer:
A
Explanation:
If you need buy it, if it's a want not a need don't buy it
FILL IN THE BLANK Customer acquisition ___ (CAC) is a metric that is used by e-commerce companies and other sales related organizations to assess the costs associated with convincing a potential customer to purchase a service or product.
Answers
E-commerce businesses and other sales-related organizations use the concept of customer acquisition costs to measure the expenses involved in persuading a potential consumer to buy a service or good.
What do a client and an example mean?A client is sometimes considered to be someone who purchases a good, business, or product. Customers are more clearly defined as individuals or organizations that are presently purchasing, have recently purchased, or may be considering purchasing a services or goods from another person or business.
What does a good client mean?Excellent Clients Aspire to Self-Sufficiency To suit their demands, they must be able to customize and alter it instantly. These are the folks who find a great deal of joy in figuring out the solution on their own and view asking for assistance from others as a sign of personal failure.
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cyber security systems had sales of 3,700 units at $75 per unit last year. the marketing projects of a 10 percent increase in unit volume sales this year a 40 percent increase returned merchandise will represent 8 percent of total sales what is your bet dollar sales projection for this year?
Answers
Answer:
$393,162
Explanation:
Units sold last year were 3,700
the projection for this year is an increase of 10% in volume.
projected units sales for this year will be
=110% of 3,700
=1.1 x 3,700
=4,070 units
The selling price last year was $75.
projected price this year is an increase by 40%
price for this year will be 140% of $75
=140/100 x $75
=1.4 x $75
=$105
Projected sales in dollar will be sales volume x selling price
= 4070units x $105
=$427,350
Purchase return = 8% of projected sales in dollars
=8/100 x $427,350
=34,188
Net projected sales
= $427,350 - $34,188
=$393,162
Which of the following best conveys the current perspective on using eyewitness testimony in the legal system?
A. Eyewitness testimony is a fail-safe prosecutorial tool when the witness passes a polygraph test.
B. Witness testimony is not vulnerable to statements that are affected by source confusion because questions are
asked in specific ways in the courtroom.
C. People who witness crimes form flashbulb memories that are invalid due to the high degree of emotional content
they contain.
D. Eyewitness testimony must be verified or corroborated by other sources before it can be used to make decisions
in a court of law.
Answers
The sentence that best conveys the current perspective on using eyewitness testimony in the legal system is eyewitness testimony must be verified or corroborated by other sources before it can be used to make decisions in a court of law.
What is the uses of eyewitness testimony in the legal system?The uses of eyewitness testimony in the legal system can be described as one that help to know the truth about the case that is been presented to the court because they do serves as one of the evidence that can be used in the court by the judges in making the judgement.
It should be noted that b efore the eyewitness can be seen as an evidence as regards a particular cas in the court, then it must be verfied so that the eyewitness is saying the truth.
Therefore, option D is correct.
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Suppose you own a preferred stock that promises to pay an annual dividends of 8% of par value of
the stock received in semiannual basis. If par value is $50, how much the preferred stockholder will
receive?
Answers
Answer:
the preferred stockholder will receive $4 in dividends per semiannual period.
Explanation:
To calculate the amount that the preferred stockholder will receive, we need to consider the dividend rate and the par value of the stock.
Given that the preferred stock promises to pay an annual dividend of 8% of the par value on a semiannual basis, we can calculate the dividend amount per semiannual period.
Dividend per semiannual period = (Dividend rate * Par value) / 2
Dividend per semiannual period = (8% * $50) / 2
Dividend per semiannual period = (0.08 * $50) / 2
Dividend per semiannual period = $4
Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This _ is known as a _ .
Answers
As Markus Braun has a set of steps that Wirecard takes each time they acquire a new company This is known as a strategic goal.
What is the goal?A goal is a target or objective that someone is attempting to reach. The goal can also refer to the finish line of a race or the object that a player is attempting to insert as part of a game. As a noun, "goal" has other meanings.
The term strategic goals are referred to the specific and the financial as well as the non-financial objectives, There aims to achieve the goals in a specific period of time is there in it.
Therefore, As a result, The Wirecard takes each time they acquire a new company is known as strategic goals.
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rates. The table below gives statistics for Argentina in a recent year.
Nominal GDP growth rate GDP deflator growth rate Population growth rate
8.6% 7.1% 1.1%
What was the rate of economic growth for Argentina?
0.4
% (Round your answer to the nearest tenth.)
Part 2 (1 point)See Hint
If Argentina continues to grow at its current rate of economic growth, how long will it take to double the level of per capita real GDP? Round your answer to the nearest tenth.
0
years
Answers
The entire value of all products and services produced over a specific time period, often quarterly or yearly, is known as nominal GDP. Real GDP is nominal GDP that has been inflation-adjusted. Real GDP is used to assess the growth in output as it actually occurs, free from the impacts of inflation.
What is the formula for nominal GDP deflator?
(Nominal GDP minus Real GDP) / 100 is the GDP deflator.
Nominal GDP is the total dollar worth of all goods and services produced during a given period of time, often quarterly or yearly. The nominal GDP that has been corrected for inflation is the real GDP. Real GDP is used to measure economic growth in real time, unaffected by inflationary effects.
Take the current number and subtract it from the prior value to determine the growth rate. The growth rate is then expressed as a percentage by multiplying the difference by the previous number and dividing by 100.
After growing by 3.2 percent in the third quarter, real gross domestic product (GDP) expanded at an annual pace of 2.6 percent in the fourth quarter of 2022.
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last year, T-Bills returned 2.2 percent while your investment in large company stocks earned an average of 8.1 percent, which one of the following terms refers to the difference between these two rates of return?
O risk premium
O geometric average return
O arthimetic avg return
O standard deviation
O variance
Answers
The difference between these two rates of return is referred to as the risk premium.
What is rates of return?Rates of return are the amount of money earned from an investment over a period of time, expressed as a percentage of the amount invested. Rates of return are used to measure performance and compare investments. These returns can be positive or negative, and can include income from dividends, capital gains or losses, or other sources. Generally, higher rates of return are desired, as they may indicate higher potential profits. Investment decisions should be made with a full understanding of the potential risks associated with the investment.
Risk premium is the difference between the return on an investment with a certain level of risk and the return on a risk-free investment. In this case, the risk premium would be 5.9 percent (8.1%-2.2%).
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Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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Una compañía de cemento aceptó un préstamo por $18.500 por un trabe o completado en un edificio
comercial. El préstamo fue por 180 dias a un 7.5% de interés simple. Si la nota fue vendida a una tasa de
descuento de 9% por 30 dias después de recibido, calcule el bank discount.
Select one:
a
a. $715.88
b. $720.49
c. $723.69
d. $719.77
Answers
Answer:
b
Explanation:
O
What is the correct order of
steps for cleaning and
sanitizing utensils by hand?
a. Dip in sanitizer, clean with soap, rinse,
and towel-dry
b. Rinse under cold water, clean with
soap, rinse, and air-dry
c. Scrape away leftover food, clean with
soap, rinse, sanitize, and air-dry
d. Soak in warm water, scrape off food,
clean with sanitizer, rinse, and towel-drY
Answers
Answer:
D. Soak in warm water, scrape off food, clean with sanitizer, rinse, and towel-dry.
The correct order of steps for cleaning and sanitizing utensils by hand is Soak in warm water, scrape off food, clean with sanitizer, rinse, and towel-dry.
What is sanitizing?The sanitizing is the process of reducing the number of germs and bacteria on surfaces or objects to a safe level. It involves using a chemical or physical method to destroy or remove harmful microorganisms, including viruses, bacteria, and fungi that can cause illness or disease.
The sanitizing is an important part of cleaning and disinfecting procedures in many settings, including hospitals, schools, food processing facilities, and homes.
The correct order for cleaning and sanitizing utensils by hand is soak them in warm water, scrape off food, clean with sanitizer, rinse, and towel-dry.
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An amortization schedule for bonds issued at a premium: Multiple Choice Is reported in the balance sheet. All of these answer choices are correct. Is a schedule that reflects the changes in the debt over its term to maturity. Correct Summarizes the amortization of the premium, a contra-asset account with a credit balance.
Answers
A source document will contain all of the information except
A. Date
B. Name of seller
C. credit card number of the buyer
D. time of the transaction
Answers
Answer:
C.
Explanation:
Hope it helps
Answer:
C
Explanation:
It never gives the credit card number of the buyer. Sometimes, the last four digits are given, but not the full credit card number.
Mr. Johnson's medical office mixed up his lab results with another patient
and told him he had a serious disease. As a result, Mr. Johnson became
physically ill and had to be hospitalized. Will he prevail in an intentional
inflection of emotional distress case?
A. Yes, because his doctor should have known the results were
wrong.
B. No, because he won't have any damages if he has insurance.
C. No, since the mix-up in the lab results was not intentional.
D. Yes, because professionals should not make that kind of error.
ferror
Answers
Answer:
the third one
Explanation:
just answered
Answer:
The answer is C. No, since the mix up in the lab results was not intentional.
Explanation:
businesses use organisational structure which is based around project but employee stay in their department
Answers
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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An insurance agent’s files reveal the following facts about his policyholders: i) 243 own auto insurance. ii) 207 own homeowner insurance. iii) 55 own life insurance and homeowner insurance. iv) 96 own auto insurance and homeowner insurance. v) 32 own life insurance, auto insurance and homeowner insurance. vi) 76 more clients own only auto insurance than only life insurance. vii) 270 own only one of these three insurance products. Calculate the total number of the agent’s policyholders who own at least one of these three insurance products.
Answers
Answer: 407
Explanation:
Given the following :
Auto insurance (A) = 243
Homeowners insurance (H) = 207
Life insurance (L) =?
LnH = 55
AnH = 96
AnLnH = 32
total number of the agent’s policyholders who own at least one of these three insurance products = 407
Water Closet Co. wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes:
Date
Face Amount
Term
Interest Rate
1. Mar. 6 $75,000 60 days 4%
2. Apr. 7 40,000 45 days 6%
3. Aug. 12 36,000 120 days 5%
4. Oct. 22 27,000 30 days 8%
5. Nov. 19 48,000 90 days 3%
6. Dec. 15 72,000 45 days 5%
Required:
1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. Assume a 360-day year.
2. Journalize the entry to record the dishonor of Note (3) on its due date.
3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. Assume a 360-day year.
4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February.
Answers
Answer 23%
Explanation:
1. The (a) the due date and (b) the amount of interest due at the maturity of the six notes receivable by Water Closet Co. are as follows:
Due Date Interest at
Maturity
1. May 5 $500
2. May 22 $300
3. Dec 10 $600
4. Nov 21 $180
5. Feb 17 $360
6. Jan 29 $450
2. The Journal Entry to record the dishonor of Note 3 on December 10 is as follows:
December 10:
Debit Accounts Receivable $36,600
Credit Notes Receivable $36,000
Credit Interest Receivable $600
To record the dishonor of Note 3 on its due date.3. The adjusting Journal Entries to record the accrued interests on Notes 5 and 6 on December 31 are as follows:
December 31:
Debit Interest Receivable $168
Credit Interest Revenue $168
To accrue interest due on Note 5.Debit Interest Receivable $160
Credit Interest Revenue $160
To accrue interest due on Note 6.4. The Journal Entries to record the receipt of the amounts due on Notes 5 and 6 in January and February are as follows:
January 29:
Debit Cash $72,450
Credit Notes Receivable $72,000
Credit Interest Receivable $160
Credit Interest Revenue $290
To record the receipt of cash on note 6.February 17:
Debit Cash $48,360
Credit Notes Receivable $48,000
Credit Interest Receivable $168
Credit Interest Revenue $192
To record the receipt of cash on note 5.Data and Calculations:Date Face Amount Term Interest Rate Due Date Interest at
Maturity
1. Mar. 6 $75,000 60 days 4% May 5 $500
2. Apr. 7 40,000 45 days 6% May 22 $300
3. Aug. 12 36,000 120 days 5% Dec 10 $600
4. Oct. 22 27,000 30 days 8% Nov 21 $180
5. Nov. 19 48,000 90 days 3% Feb 17 $360
6. Dec. 15 72,000 45 days 5% Jan 29 $450
3. Accrued Interests on December 31:
Note 5: $168 ($48,000 x 3% x 42/360)
Note 6: $160 ($72,000 x 5% x 16/360)
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Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
a study of long-distance phone calls made from general electric reveled the length of the calls, in minutes, follows the normal probability distribution. the mean length of time per call was 4.5 minutes and the standard deviation was 0.70 minutes. what is the probability that calls last between 4.0 and 6.0 minutes?
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The probability that calls last between 4.0 and 6.0 minutes is approximately 0.7441, or 74.41%.
To find the probability that calls last between 4.0 and 6.0 minutes, we need to calculate the area under the normal curve between these two values.
First, we need to standardize the values using the Z-score formula: Z = (X - μ) / σ, where X is the value, μ is the mean, and σ is the standard deviation.
For 4.0 minutes:
Z1 = (4.0 - 4.5) / 0.70 = -0.71
For 6.0 minutes:
Z2 = (6.0 - 4.5) / 0.70 = 2.14
Next, we need to find the cumulative probabilities associated with these Z-scores using a standard normal distribution table or a statistical software.
The probability associated with Z1 is P(Z ≤ -0.71), and the probability associated with Z2 is P(Z ≤ 2.14).
Using a standard normal distribution table, we can find these probabilities:
P(Z ≤ -0.71) ≈ 0.2389
P(Z ≤ 2.14) ≈ 0.9830
To find the probability that calls last between 4.0 and 6.0 minutes, we subtract the lower probability from the higher probability:
P(4.0 ≤ X ≤ 6.0) = P(Z ≤ 2.14) - P(Z ≤ -0.71)
≈ 0.9830 - 0.2389
≈ 0.7441
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4. To be effective, goals should follow the SMART framework. Explain what this means. (2) 5. Assume that you are Greg Solomon. You wish to set a goal regarding selling a healthy/healthier food dish for McDonald's. Describe the steps in the planning process to achieve this goal. Set the goal using SMART criteria. Make up your own details. (6)
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Specific, measurable, attainable, pertinent, and time-bound are all components of the acronym SMART. • Detailed - The objective explains what will be done in detail so that anybody reading it may comprehend it. who will perform it, etc. Measurable objectives specify how the action will be evaluated.
How well do your goals follow the SMART methodology?The tried-and-true SMART approach can help you plan and reach your goals. There are numerous interpretations of the acronym, but the most prevalent one is that it indicates that goals should be SMARRT (Specific, Measurable, Achievable, Relevant, and Time-bound).
How can someone set and achieve objectives with the help of the SMART goal-setting method?With SMART goals, you increase your chances of success by making objectives specific, measurable, achievable, reasonable, and timely. You are motivated to take on more, given a sense of purpose, and assisted in planning and completing your goals by the SMART method.
If you choose to set one for yourself, think about using the SMART phases to assist you in achieving it:
Describe your goal.Establish a measurable goal.Make your goal manageable.Be certain that it is relevant.Create a time-limited schedule.Learn more about SMART approach: https://brainly.com/question/21761487
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