on july 1, shady creek resort borrowed $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each june 30 of $51,421. what is the journal entry to record the first annual payment? multiple choice debit cash $330,000; debit interest expense $51,421; credit notes payable $381,421. debit interest expense $51,421; credit cash $51,421. debit interest expense $29,700; credit cash $29,700. debit interest expense $29,700; debit interest payable $21,721; credit cash $51,421. debit interest expense $29,700; debit notes payable $21,721; credit cash $51,421.

Answers

Answer 1

The term "long term debt" refers to the company's borrowings that are intended for long-term use and are due in one fiscal year.Typically, the organization raises long-term debt for the purpose of purchasing fixed assets.

30 June Notes payable: $21,721 Interest due: $29,700 To Cash: $51,421 (to record the payment of the first installment) Because Notes payable is a liability that is decreasing, it is debited.

Since interest due is a liability that is decreasing, it is deducted.

Cash is credited because it is an asset whose value is declining.

What is debt, both short- and long-term?

Debt that is due within a year is considered short-term debt, while debt that is due after a year is considered long-term debt. Because lenders view short-term debt as a higher risk, interest rates on it are typically higher than those on long-term debt.

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Related Questions

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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a salesperson must travel to five cities to promote a new marketing campaign. how many different trips are possible if any route between cities is​ possible?

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If a salesperson must travel to five cities to promote a new marketing campaign. The number of different trips that are possible if any route between cities is​ possible is 120 routes.

Who is a salesperson ?

A salesperson can be defined as the person who role and responsibility is to market or advertise a company product so as to attract potential customers, thereby increasing sales.

Hence,

Given data:

Number of cities = 5

Now let determine the number of possible route

Number of possible route = 5!

Number of possible route = 120 routes

Therefore we can conclude that 120 routes are possible.

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For an APR of 9% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years.

The nominal interest rate per 6 months is %.

The nominal interest rate per 2 years is %.

Answers

The nominal interest rate per 6 months, with an APR of 9% per year compounded weekly, is approximately 4.46%. The nominal interest rate per 2 years, under the same conditions, is approximately 18.06%.

To calculate the nominal interest rate per 6 months, we divide the annual percentage rate (APR) by the number of compounding periods per year. In this case, the interest is compounded weekly, so there are approximately 52 weeks in a year. Dividing 9% by 52 gives us 0.1731%. To find the nominal rate per 6 months, we multiply this value by 26 (the number of weeks in 6 months). This gives us approximately 4.46%.

To calculate the nominal interest rate per 2 years, we can use a similar approach. Dividing the APR of 9% by 52 gives us 0.1731%. We then multiply this value by 104 (the number of weeks in 2 years) to find the nominal rate per 2 years, which is approximately 18.06%.

Therefore, the nominal interest rate per 6 months is approximately 4.46%, and the nominal interest rate per 2 years is approximately 18.06% when the APR is 9% per year with weekly compounding. These rates allow for easier comparison and understanding of the interest accrued over specific time periods.

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Why might a person assume the Mr. White could be doing well financially

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Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.

Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."

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.Consider the following data, and determine which of the corporate divisions or country is more profitable. Explain your reasoning.
DOMESTIC INTERNATIONAL CHINE JAPAN
OPERATING INCOME 13,500,000 132,800,000 15,222,000 12,356,000
AVG TOTAL ASSETS 25,300,000 26,666,000 14,145,000 11,258,000
ROI = Operating income / Average total assets
Domestic's ROI International's ROI China's ROI Japan's ROI

Answers

The International division is more profitable than the Domestic division. Within the International division, both China and Japan contribute to its profitability, with China being slightly more profitable. To determine profitability, we calculate the ROI (Return on Investment) for each division and country by dividing the operating income by the average total assets.

The Domestic division's ROI is calculated as follows: 13,500,000 / 25,300,000 = 0.533 (rounded to three decimal places).

The International division's ROI is calculated as follows: 132,800,000 / 26,666,000 = 4.988 (rounded to three decimal places).

Comparing the ROI values, we can see that the International division has a significantly higher ROI than the Domestic division. This suggests that the International division is more profitable overall.

Furthermore, within the International division, we can compare the ROIs of China and Japan. The ROI for China is calculated as 15,222,000 / 14,145,000 = 1.077 (rounded to three decimal places), while the ROI for Japan is calculated as 12,356,000 / 11,258,000 = 1.098 (rounded to three decimal places).

Although Japan has a slightly higher ROI than China, the difference is not substantial. Therefore, we can conclude that China and Japan both contribute to the profitability of the International division, with China being slightly more profitable.

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From the perspective of access to capital, the best form of business organization is the
S corporation. corporation. partnership. sole proprietorship.

Answers

Option b is Correct. The corporation is the finest type of business organization in terms of access to finance.

The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities. Additionally, corporations require more thorough reporting, operational procedures, and record-keeping. corporation, sometimes known as a C corp, is a separate legal entity from its owners.

Corporations are able to generate revenue, pay taxes, and face legal consequences. Corporations must pay income tax on their profits, unlike single proprietors, partnerships, and LLCs. Sometimes, corporate profits are taxed twice: once when the business makes a profit and once again when shareholders get dividend payments on their personal tax returns. The lives of corporations are entirely independent.

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Correct Question:

From the perspective of access to capital, the best form of business organization is the _______.

a. Sole proprietorship

b. Corporation

c. Partnership

d. S Corporation

A landscaping contract that calls for periodic landscaping over the course of 5 months in exchange for $600 must be in writing in order to be enforceable.a. Trueb. False

Answers

The statement that "a landscaping contract that calls for periodic landscaping over the course of 5 months in exchange for $600 must be in writing in order to be enforceable" is False because in the United States, the Statute of Frauds governs the requirements for written contracts.

According to this statute, certain types of contracts must be in writing to be enforceable. However, the Statute of Frauds does not apply to all contracts.

For a contract to fall under the Statute of Frauds, it must meet specific criteria such as involving the sale of real property, involving a debt or financial obligation, or being a contract that cannot be performed within one year.

In this case, the landscaping contract involves periodic landscaping services for a period of 5 months in exchange for $600. This contract can be performed within one year, so it does not fall under the Statute of Frauds. Therefore, it does not need to be in writing to be enforceable.

However, having a written contract can still be beneficial for both parties, as it provides clear documentation of the terms and conditions of the agreement, helping to prevent misunderstandings and potential disputes.

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enter mia profit/loss for the 2 month

Answers

She profits more each month

1. Identify the three types of duties that CBP assesses and how the duty is calculated under each type of duty.How does one protest a duty/liquidation?

Answers

The three types of duties that CBP assesses and how the duty is calculated under each type of duty are as follows:Ad valorem duties: Ad valorem duties are levied as a percentage of the customs value of the imported product, such as 10% of the value of the imported product.

Specific duties: Specific duties are levied at a specific rate per unit of measure, such as per kilogram or per meter.A combination of ad valorem and specific duties: A combination of ad valorem and specific duties is assessed on imported goods under this category, with the rate being a mix of both. For example, a product with a value of $10,000 could be charged a 5% ad valorem duty, as well as a $1 per kilogram specific duty for a total of $15,000 ($10,000 x 5% + $1 x 5,000 kg).

Protesting a duty/liquidation: To protest a duty/liquidation, one must submit a written protest to CBP within 180 days of the liquidation of the goods. The protest must contain a description of the merchandise, the classification of the merchandise, the amount of the duty that is in dispute, and a legal or factual argument. The protest must be signed by the importer or their legal representative, and it must be filed with the port director where the entry was filed. The CBP will examine the protest and issue a ruling, which can be appealed if necessary.

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Which one of the following is NOT an ethical norm as conceived by the American Marketing Association?


A.) embrace ethical values like honesty, responsibility, and fairness.

B.) Forster trust in the marketing system with fair dealing.

C.) consciously avoid harmful actions or omissions.

D.) attempt to learn what consumers both want and need.

Answers

The American Marketing Association does not conceive the ethical norm to consciously avoid harmful actions or omissions. Thus, option (C) is correct.

What is American Marketing Association?

American Marketing association is the group of the people in the organization working as per ethical code of the conduct by building the relationship and increasing the confidence in the marketing.

It ensures the integrity of marketing by affirming these core values: honesty, responsibility, fairness, respect, transparency, and citizenship.

The American Marketing Association does not view the purposeful avoidance of unethical acts or omissions as a moral requirement.

Therefore, it can be concluded that option (C) is correct.

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Formula one has generated new restrictions on the design of cars
to try and make competition more even. Mercedes has employed Monash
to help conduct a series of tests for them to help combat the new
r

Answers

Formula one has generated new restrictions on the design of cars to try and make competition more even. Mercedes has employed Monash to help conduct a series of tests for them to help combat the newrestrictions. Monash is a renowned engineering and research institution known for its expertise in automotive technology.

Mercedes aims to gather data and insights from these tests to develop innovative strategies and optimize their car's performance within the new limitations.

By collaborating with Monash, Mercedes can leverage their advanced testing facilities, computational models, and experienced engineers to simulate various scenarios and evaluate different design options.The tests conducted by Monash will likely involve aerodynamic analysis, performance simulations, and component testing to assess the impact of the new restrictions on the car's speed, handling, and overall competitiveness.

Through this partnership, Mercedes can gain valuable insights into how the new regulations affect their car's performance and identify areas for improvement. By leveraging Monash's expertise, Mercedes can enhance their engineering capabilities and develop innovative solutions that comply with the restrictions while maintaining a competitive edge in Formula One racing.

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Compared to a short-term investment, what is the general return of a long-term investment? A) A long-term investment has a similar return to a short-term investment.
B) A long-term investment has a greater return because it has greater risk.
C) A long-term investment has a greater return because it has lower risk.
D) A long-term investment has a lower return because it has lower risk.

Compared to a short-term investment, what is the general return of a long-term investment? A) A long-term

Answers

Let understand that "short-term investment" are investments that can be easily converted to cash and has a maturity period of less than a year. Example of this investment are Money Market.

"Long term investment" are investment that runs over a long period of time and yield higher return than the short-term investment". Example of these investment are stocks, bonds, real estate

People invest in "Long term investment" because its offers more risk for higher rewards.

In conclusion, long-term investment has a greater return because it has greater risk.

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Answer:

Compared to short-term investment, what is the general return of long-term investment?

Long-term investment has a similar return to short-term investment.Long-term investment has a greater return because it has greater risk.Long-term investment has a greater return because it has lower risk. <<<CORRECTLong-term investment has a lower return because it has lower risk.

Explanation:

Edge 2022

A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use:

Answers

Answer:

the cost leadership strategy.

Explanation:

A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use the cost leadership strategy.

A cost leadership strategy is a business strategy which is aimed at using the lowest cost of production and operation in a business.

Hence, river barge company cheaper, although slower, per-pound transportation as against the use of air, truck, or rail which would be more expensive.

'Market management is the key element for a business' Justify this statement with an example. ​

Answers

Answer:

Explanation:

Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.

Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.

An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.

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Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.

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Answer:

Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.

John has income of 200 . The price of x is 10 and he consumes 5 units of x and 3 of y. The price of x increases to 12 and John now consumes 3 units of x. Are x and y substitutes? Explain briefly. (5 points)

Answers

The concept of substitute goods refers to products that can be used in place of each other. In this scenario, John initially consumes 5 units of x and 3 units of y at a price of 10 for x.

Later, the price of x increases to 12 and John reduces his consumption to 3 units. To determine if x and y are substitutes, we need to consider their relationship in terms of price and consumption. When the price of x increases, John consumes fewer units of x. This suggests that x and y are not perfect substitutes since John does not completely replace x with y when the price of x increases.

However, it is important to note that the change in John's consumption of x could be influenced by factors other than the price increase alone. For instance, John may have experienced a change in income or preferences.

In conclusion, based on the given information, it is not possible to definitively determine whether x and y are substitutes. The relationship between the price change and John's consumption suggests that they are not perfect substitutes, but further analysis is required to establish a clear relationship.

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The driving force of some governments is to bring the benefits of competition to formerly monopolized markets. Explain the benefits that might occur in a more competitive market compared with a monopolized market.

Answers

Competition lowers prices, improves quality, and boosts innovation by incentivizing businesses to attract customers, differentiate themselves, and invest in research and development.

Lower Prices: Increased competition often leads to lower prices as businesses strive to attract customers by offering better deals and value.   Improved Quality Competition drives businesses to improve the quality of their products or services to differentiate themselves from their competitors. In a monopolized market, the lack of competition can lead to complacency and a decreased incentive to innovate or enhance product quality.3. Increased Innovation: Competition fosters innovation as firms seek to gain a competitive edge. In a monopolized market, the dominant company may have less motivation to invest in research and development, stifling technological advancements and limiting consumer choice.

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q 11.6: what happens if no-par value stock does not have a stated value?

Answers

If no-par value stock does not have a stated value, then the company has not assigned a specific minimum value to each share. This means that the stock does not have a predetermined price and can be sold at any price agreed upon by the buyer and seller.

Companies issue no-par value stock to give themselves flexibility in setting prices for their shares. In some jurisdictions, issuing stock with a stated par value can require the company to pay a minimum tax or fee based on the par value, whereas no-par value stock may not be subject to such fees.

However, if the no-par value stock does not have a stated value, it can be more difficult for investors to determine the true value of the shares and can make it harder to compare the stock to other similar companies. This can also make it harder for the company to raise capital by issuing additional shares, as investors may be hesitant to invest in a company with no clear value assigned to its stock.

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The different fabrics preferred by customers

Answers

Dependable Cotton, Linen Luxury and Sumptuous Silk are popular clothing fabrics.

Which change should she make in her outline?
O change step 2 to “click the format tab”
O change step 3 to “open chart title dialog box “

O change step 4 to “type in the chart title”

O change step 5 to “add the chart title”

Answers

Answer:

A

Explanation:

Which change should she make in her outline? O change step 2 to click the format tab O change step 3

Answer:

B

Explanation:

The owner of a flower shop has three employees. Two employees are better at arranging flowers in a vase while the third is skilled at preparing the flowers to be arranged. Separating the employees by these skills is called ______. Multiple choice question. job rotation layering staffing specialization

Answers

Answer:

specialization

Explanation:

Industries in which proportionally more value is added in ____________ activities are more likely to benefit from a ____________ strategy.
A)downstream; global
B)upstream; multidomestic
C)upstream; global
D)manufacturing; multidomestic

Answers

C) Upstream; global.

Industries that add more value in upstream activities, such as research and development, sourcing raw materials, and production, are more likely to benefit from a global strategy. This is because they can leverage their expertise and economies of scale across multiple markets, leading to cost savings and increased competitiveness. On the other hand, industries that add more value in downstream activities, such as marketing and distribution, may benefit more from a multidomestic strategy, which allows for customization to local markets. The manufacturing industry can benefit from both strategies, depending on the specific focus and approach of the company.
Hi! Your question is about industries that are more likely to benefit from a certain strategy based on the proportion of value added in specific activities. The correct answer is:

Industries in which proportionally more value is added in downstream activities are more likely to benefit from a global strategy.

Your answer: A) downstream; global

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Sparks inc. has a growing ________ market in the united states consisting of individuals and households that buy sparks' products for personal use.

Answers

Sparks Inc. has a growing consumer market in the United States consisting of individuals and households that buy Sparks' products for personal use.

The consumer market refers to the group of individuals and households who purchase goods and services for their personal consumption. In the case of Sparks Inc., their consumer market is expanding, indicating an increasing demand for their products among individuals and households in the United States.

As a growing consumer market, it suggests that Sparks Inc. is successfully attracting and retaining customers who find value in their products. The company's ability to cater to the needs and preferences of individual consumers and households is crucial for sustaining their growth and profitability.

To capitalize on the growing consumer market, Sparks Inc. can focus on understanding consumer behavior, conducting market research, and implementing effective marketing strategies.

By identifying consumer trends, preferences, and purchasing patterns, the company can tailor their products, pricing, and promotional efforts to meet the specific needs and desires of their target consumers.

Furthermore, Sparks Inc. can leverage the growing consumer market to expand their customer base, increase market share, and drive sales.

By delivering high-quality products, providing excellent customer service, and building brand loyalty, the company can establish a strong presence in the consumer market and solidify their position as a trusted and preferred choice among individuals and households in the United States.

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what are some good reasons to become a illustrator

Answers

Answer:

able to create anything on a daily basis, sketch, and you can also get really big rewards from it

What economic goals is most important in a traditional economy?

Answers

Economic security and stability are most important economic goals in a traditional economy.

What is traditional economy?

A traditional economy is one that is built on customs, history, and ingrained values. Tradition has an impact on economic decisions like manufacturing and distribution.

Traditional economies often revolve around families or tribes, exist in hunter-gatherer and nomadic societies, produce only what is necessary, rely on a barter system, and evolve as people begin farming and settling. Traditional economies predominate mostly in emerging markets and developing countries. They are typically found in Asia, Africa, and Latin America. Traditional economies are also present in remote areas of growing nations all over the world.

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How can businesses entice Face book users to interact with them on Face book?

Answers

Answer:

i mean they could bribe or like start selling stiff on there to get peoples attention

Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.

a. True
b. False

Answers

The statement is false. Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.

An employee is a person who has agreed to be employed to paint for a few shapes of fee below an agreement of employment. Your employment popularity will assist define what rights and responsibilities you have got at paintings. There are three fundamental varieties of employment popularity: employee.

Before hiring a new team member, it is crucial to apprehend your options in regard to special kinds of employees. research the main variations among complete-time, part-time, seasonal, and brief personnel. Any person who strives hard to accomplish the desires and goals of a specific employer is called an employee. personnel is employed to carry out particular obligations as per their specialization, hobby regions, and former stories.

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As soon as a bill is received, . a. a check is written and printed b. it is entered as a bill c. a check is written but it is not printed until the bill is due d. quickbooks deducts the amount due from the checking account

Answers

As soon as a bill is received, it is entered as a bill. As soon as the bill is reviewed by the person, the amount is directly deducted from the payer's account and the person who is taking the bill has entered into the bil account.

What is the difference between entering a bill and writing a check?

Entering a bill or bill payable is the amount which is liable to be paid later in return for the services taken from the other person.

A check is a payment if the person has incurred the bill for the services or the item they have purchased. It does not involve a delay in payments.

Thus, option A is correct.

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businesses are required to follow laws and regulations, but they ___ follow ethical standards in a code of ethics​

Answers

Answer:

businesses are required to follow laws and regulations, but they choose to follow ethical standards in a code of ethics​

Answer:

Explanation:

they choose to

Which statement describes an advantage of buying a home?
A. Purchasing a home builds equity.
B. Homes depreciate over time.
C. Your landlord may force you to move.
D. Your taxes increase.

Answers

A. purchasing a home does build equity

- homes usually don’t depreciate over time.
- when buying a home you don’t have a landlord.
- property taxes may go up, but that’s not an advantage.

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