Answer:
bro is this even a question
Explanation:
I don't know if I'm slow or if their is no question
Interest expense debit $340 note payable account debit $2, 674 cash account credit $3,014 is the entry for the first-month entry to payment.
What is the difference between account payable and note payable?Accounts payable are short-term liabilities incurred for purchases made with suppliers and merchants on credit. Long-term liability accounts known as notes payable are incurred as a result of funding provided by banks and other lending institutions.
Cash 68,000
Notes Payable 68,000
(Issuance of installment note)
For the first monthly payment, $68,000 is the initial amount borrowed and the interest rate is 6% per annum or 0.5% per month. Therefore, the interest portion of the payment is: Interest Expense = Outstanding Balance x Interest Rate
= $68,000 x 0.005
= $340
The remaining amount of the payment is applied towards reducing the outstanding balance: Payment = Installment Amount - Interest Expense
= $3,014 - $340
= $2,674
The journal entry to record the first monthly interest payment is:
Interest Expense 340
Notes Payable - Current Portion 2,674
Cash 3,014
(Record first monthly payment)
Thus, The "Notes Payable - Current Portion" account represents the portion of the note that is due to be paid within the current year (i.e. within the next 12 months).
Learn more about notes payable here:
https://brainly.com/question/21315882
#SPJ2
Which of the following is not a goal of the promotion mix?
Strategic positioning is not a goal of the promotion mix. As strategic, position is not involved in the promotional mix. Promotional mix is related to the selling and promotion.
What is promotional mix?Promotional mix is the different combination of the methods of marketing and promotions. It has different features from which a person can promote their business.
Advertising, Public relations or publicity, Sales promotion, Direct marketing and Personal selling are the five elements of the promotional mix.
Thus, it is strategic positioning.
For more information about promotion mix, click here:
https://brainly.com/question/14058196
#SPJ1
what is a contingency management system theory
Answer:
The contingency management theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent (dependent) on the internal and external situation.
what is the future value of 1200$ a year for 40 years at 8% interest? assume annual compounding
Answer/Number(3):
C: "310,868"
What is the basic purpose of financial accounting ?
Answer:
The basic purpose of financial accounting is to allow third parties to assess the value of a company ORto prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.Match each term in Column A with its definition in Column B.
(Column A) 1. favorable balance of trade 2. tariff 3. subsidy 4. customs inspection 5. “infant” industry 6. quota 7. foreign-currency controls. (Column B) a limit on the total amount or value of a
product that may be imported
b. limits on the amount of another nation's
money that an importer may buy to
purchase imports
c. an excess of exports over imports
d. an investigation to determine if goods entering the country are legal and if they are
subject to a tariff
e. a tax on imports
f. an industry that is in the early stages of de-
velopment in a country
g. a government payment to support an individual, a firm, or an industry.
Matching of items implies that one is merging or connecting or aligning items that share things or meanings in common together for a significant alignment. Read below about these matching.
What are the correct matching of these items?The correct matching of these items are as given below;
Favorable balance of trade: an excess of exports over importsTariff: a tax on importsSubsidy: a government payment to support an individual, a firm, or an industry.Customs inspection: an investigation to determine if goods entering the country are legal and if they are subject to a tariff“Infant” industry: an industry that is in the early stages of development in a countryQuota: a limit on the total amount or value of a product that may be importedForeign-currency controls: limits on the amount of another nation's money that an importer may buy to purchase imports.Therefore, the above matching is the correct matching of items.
learn more about foreign trade:
https://brainly.com/question/17727564
#SPJ1
Which phrase best completes the diagram?
Effective strategies for managing credit
Answer: Its B. paying bills on time
Explanation:
Medicare is a national health insurance program that _____.
[tex]\normalsize\blue{\overline{\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \ \ \ }} [/tex]
Medicare is a national health insurance program that help poor people that cannot afford their health insurance or medicines.
The answer is ( insures American’s poorest people)
When several large sellers have some control over the prices, this is called _____.
A. perfect competition
B. a monopoly
C. an oligopoly
D. monopolistic competition
Answer:
C
Explanation:
Oligonpoly
what is the definition of conformance
differentiate between bad debt and doubtful debt
answer and explanation :
A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.
During April , Cavy Company incurred factory overhead as follows : Indirect materials $11,300 Factory supervision labor 4,000 Utilities 460 Depreciation (factory )660 Small tools 330 Equipment rental 790 Journalize the entry to record the factory overhead incurred during AprilIf an amount box does not require an entry, leave it blank
Answer:
Date Account Title Debit CreditApril Factory Overhead $16,720 Indirect materials $10,500 Wages payable $4,000 Utilities payable $ 500 Accumulated Depreciation $ 620 Small tools $ 370 Equipment rental $ 730
In stock market investing, there is no guarantee of a financial return.
A. True
B. False
I a carry trade you borrow in low interest rate currencies and invest in high interest rate currencies. Returns are exclusively due to appreciation of the high interest rate currencies. True or false
If you engage in a carry trade and borrow and invest based on the interest rates of currencies, returns are based on the difference in rates so this is FALSE.
What does a Carry trade involve?A carry trade involves borrowing in a currency where the interest rates are low and then investing in a place where the rate is high.
The returns/ profits come from the difference in interest rates because you would be borrowing at a low rate and gaining returns at a high rate.
Find out more on carry trades at https://brainly.com/question/7002664.
#SPJ1
Explain the difference between what health insurance covers and what long term disability insurance covers
Answer:
In essence, health insurance benefits enable employees to seek needed medical care. Disability insurance replaces a portion of employee income when they can't work because of an illness or disability. For the most part, disability insurance will not replace all of someone's income.
Explanation:
The Long term disability insurance protects you during lengthy of disability when you’re unable to work (for example, if you are injured.) It is sometimes described as income replacement insurance, as it will pay you a monthly amount that replaces your regular paycheck while you are not working.
To make insurance more affordable and protect the insurance company from paying out too much in claims, insurers will pay an insurance premium.
These Insurance premiums are paid to cover for healthcare, automobiles, home, life etc. Insurance companies earn this premium but also represents a liability from which they are able to pay for claims made against insurance policies.
Learn more about insurance on:
https://brainly.com/question/989103
#SPJ1
When the owner took goods from the business for personal use we record it in
A. Sales journal
B. Purchase journal
C. General journal
D. Cash book
Answer:
C. General journal
Explanation:
As it relates both business and personal accounts, we record it in the general journal.
What are the three types of Learning Styles
Answer: Visual, Auditory and Kinesthetic
Explanation:
If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of?
The duration gap is calculated by subtracting the duration of the liabilities from the duration of the activity of the financial entities. Thus, in this case, the net worth of 1.8 percent of its assets.
What do you mean by Duration Gap?Duration Gap refers to the term used by funds, banks, pensions, or many financial institutions to estimate the risk because of changed interest rates.
Also, if we have a negative duration gap means that the market value of equity will increase when interest rates rise.
Thus, in this case, If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of 1.8 percent of its assets.
Learn more about Duration gap here:
https://brainly.com/question/7276068
#SPJ1
Aside from turning to the black market, how do consumers make up
for goods that are rationed?
Answer:
Consumers make up for goods that are rationed by finding substitutes, like margarine in place of butter.
Explanation:
18) Sum, Average, and Count are examples of ________.
A. categorical statistics
B. reporting criteria
C. summary calculations
D. summary statistics
Answer:
Summary calculation
Explanation:
The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.Option C is correct
[tex]\large\bold{\underline{\underline{Answer:-}}}[/tex]
[tex] \sf{\green{C. \:Summery \: calcilations}}[/tex]
The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.Ginnie has observed that her signature item, the Satisfying Smoothie, is very popular with the late evening crowd at the gym, but it is not so popular with the early crowd. The early and late crowds have only slightly different preferences for her Hydration Power Drink. The gym has a very large clientele, and Ginnie can’t always tell who has the late-crowd preference and who has the early-crowd preference.
Contribution is the difference between sales and variable cost.
Hydration power drink
contribution - revenue
High = 7-1 = 6
Low = 6-1 = 5,
Satisfying smoothie,
High = 10-4 = 6
Low = 5-4 = 1
Hydration power drink bundle will be maximized profit.
What is maximized profit?Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns.
Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.
Learn more about maximized profit here,
https://brainly.com/question/17233964
#SPJ1
When you get an item you want, there is always something you lose (such as
money). What you LOSE is called what?
Answer:
Opportunity Cost
Explanation:
Defined as the loss of potential gain from other alternatives when one alternative is chosen.
1. One advantage to mass production is?
What is likely to happen to the interest of a credit card with an introductory APR?
The interest will be revised after the first year, based on the economy.
There is a significant interest increase after the first year.
The interest will be revised after the first year, based on the borrower's repayment history
There is a slight interest decrease after the first year.
Answer:
The interest will be revised after the first year, based on the borrower's repayment history
Explanation:
also within the first month if you pay off your entire balance by the due date then you wont be charged any interest
Experian
The interest will be revised after the first year, based on the borrower's repayment history is likely to happen to the interest of a credit card with an introductory APR. Thus, option C is correct.
What is a credit card?A sort of line of credit offered by banks seems to be a credit card, which enables users to borrow money up to a pre-approved available credit. Users can use it to transact in the purchasing of goods as well as services.
You may get an intro APR for buys, current accounts, or both based on your credit card. You will pay little to no cost on the debt while the promotional rate is in effect.
After the trial period expires, you'll be paying the standard rate. You will receive no charge for the first week if you repay off your entire amount by the due date. Therefore, option C is the correct option.
Learn more about credit card, here:
https://brainly.com/question/27350251
#SPJ2
why family members left their family business and start their own business
Economics* IMPORTANT
What will most likely happen if Karla pays off her car loan early?
A. her credit score will increase
B. her interest rate will go up
C. her credit score will decrease
D. her credit score will stay the same
Answer:
It can actually hurt your credit score because open positive accounts can have a greater impact than closed ones.
PLEASE ANSWER FAST
Only certain employers are required to create a safe workplace, give safe tools and equipment to workers, maintain those tools, warn employees of any potential dangers, and create safety training and procedures.
A. True
B. False
PLS HELP!!!
Teachers are probably not the favorite of the people they arrest and imprison, so being able to handle the negativity thrown at them on a daily basis is important.
A. True
B. False
Answer:
False.
Explanation:
I took the career test (answer proof!!)
Question 13:
(screenshot)
your welcome :3
Dont have a good day, have a great day!! ^-^
The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1,150 of supplies on account.
Answer:
https://brainly.com/question/13288472
a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
b.
(A) Cash +5,630
(S) Common Stock +5,630
c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
d.
(A) Cash -1,300
(A) Supplies +1,300
e.
(A) Supplies +1,700
(L) Accounts payable +1,700
Explanation:
(A) = Assets
(L) = Liabilities
(S) = Stockholders' Equity
(A) = (L) + (S)
Transaction a.
(A) Cash +4,940
(L) Notes payable (short-term) +4,940
Transaction b.
(A) Cash +5,630
(S) Common Stock +5,630
Transaction c.
(A) Cash -1,200
(A) Equipment +3,000
(L) Notes payable (short-term) +1,800
Transaction d.
(A) Cash -1,300
(A) Supplies +1,300
Transaction e.
(A) Supplies +1,700
(L) Accounts payable +1,700
A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what's the correct entry to record the transaction? (A) Debit cash $10,000, credit accounts receivable $10,000 (B) Debit cash $10,000, credit sales revenue$1 0,000 (C) Debit sales revenue $10,000, credit cash $10,000 (D) Debit cash $10,000, credit unearned revenue $10,000 (E) Debit cash $10,000, credit accounts payable $10,000
Answer:
credit accounts receivable $10,000 (B)
The correct entry to record the transaction is (D) Debit cash $10,000, credit unearned revenue $10,000.
What is the accrual method of recording transactions?With the accrual method, transactions, that is revenue or expenses, are recorded when they occur not when payment is received or made.
The accrual method follows the matching principle. The matching principle requires that expenses are matched to the revenue that they generate.
Thus, the correct entry to record the transaction, where a company receives $10,000 in cash for services yet to be performed, is (D) Debit cash $10,000, credit unearned revenue $10,000.
Learn more about the accrual method at https://brainly.com/question/17233434
#SPJ2
How does Tony convince Joel to go swimming in the Vermillion River?
Answer: Could be from bribing, displaying all of the perks of swimming in the river or describing how much fun it could be
Explanation:
