Interest of 3% payable on December 31 of each year for four years with the principal amount of $2,250,000 payable on December 31, 2024. The cash price of the inventory would have been $1,980,000. The entry to record the transaction was to debit Notes Receivable and credit revenue the $2,250,000. The interest payment of $67,500 was received on December 31 and credited to revenue.

Answers

Answer 1

The entry to record the transaction mentioned above to debit Notes Receivable and credit revenue the $2,250,000. The interest payment of $67,500 was received on December 31 and credited to revenue. The amount received in interest is calculated below: Interest payable at 3% per annum = 3% * $2,250,000 = $67,500.

It is given that interest of 3% is payable on December 31 of each year for four years with the principal amount of $2,250,000 payable on December 31, 2024. Therefore, the interest payment for the year 2021 can be calculated as: Interest payable at 3% per annum = 3% * $2,250,000 = $67,500The cash price of the inventory would have been $1,980,000. It means the inventory was sold at $2,250,000 on a note receivable payable with interest. The revenue is recorded at the amount of note receivable payable plus interest. The entry to record the transaction was to debit Notes Receivable and credit revenue the $2,250,000. The interest payment of $67,500 was received on December 31 and credited to revenue. The reason why the interest payment is credited to revenue is that the company recognized the interest income earned over the period of note receivable. The company recorded the revenue of $2,250,000. When interest income of $67,500 was received, the same amount was credited to revenue. The amount credited to revenue for the year 2021 can be calculated as follows: Revenue = Principal amount of note receivable + Interest Revenue = $2,250,000 + $67,500 Revenue = $2,317,500Therefore, the company recorded the transaction by debiting Notes Receivable and crediting Revenue for $2,317,500.

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Related Questions

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *


a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage

Answers

Answer:

C.

Explanation:

A group of angry people. L(-_-)\

                                                     \

Answer:c lol angry people

Explanation:

What type of competition does a pizza parlor vs. an ice cream shop represent?

What type of competition does a pizza parlor vs. an ice cream shop represent?

Answers

Answer:

Explanation:

Its an indirect competition because we know that a pizza parlor and ice cream shop belong to the same sector i.e. Food but in case of products sold we can observe that pizza is not the same product as an ice cream because one is considered as a fast food while other is mainly eaten as a dessert. If the pizza shop sold ice cream along with pizzas tooo then we might have come across a direct competition to some point.

But in this case the sector is same but the products sold are different therefore this competition can be considered as an indirect competition between the two parties.

Therefore we can conclude from the above statements that we can classify this competition as an indirect competition.

QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?

Answers

Answer:

$31.25

Explanation:

40 hours a week x 4 weeks a month = 160 hours of work per month

$5,000 divided by 160 = $31.25

dozen or so of its outlets before relwasing it nationwide. when the company does this, it is engaged in

Answers

When a company releases a dozen or so of its outlets before releasing it nationwide, it is engaged in the process of market testing.

The process of market testing is where a company releases a product to a small segment of the population before releasing it to the public or to a larger market. This is done to test the product and its effectiveness before spending money on mass production. Market testing is used to determine the following aspects of a product:

The quality of the product: The price range that is acceptable to consumers. If the product meets customer needs.

Marketing of the product: The success of the product in the market

Thus, a company releases a dozen or so of its outlets before releasing it nationwide when they want to conduct market testing. This is done to ensure that the product is successful in the market and meets the customers' needs before releasing it to a larger market.

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If acme motor company earned $5.00 per common share in 2019, its dividend payout ratio was:
a. 2%
b. 20%
c. 25%
d. 50%

Answers

If acme motor company earned $5.00 per common share in 2019, its dividend payout ratio was 50%.

The dividend payout ratio shows how much of a company's earnings after tax (EAT) are paid to shareholders. It is calculated by dividing dividends paid by earnings after tax and multiplying the result by 100.

What is a good dividends payout ratio?30-50%

Generally speaking, a dividend payout ratio of 30-50% is considered healthy, while anything over 50% could be unsustainable.

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Which of the following describes a food retailer?


uses products from farmers and ranchers, commodity processors, and food manufacturers to offer food to their customers

supports the farmers and ranchers with feed and seed

transports the farmers’ and ranchers’ products and the processed and manufactured food products throughout the system

buys the processors’ products to make prepared food

Answers

Answer:

transports the farmers and ranchers

Answer:

B

Explanation:

Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.

Answers

The net income earned is $240

The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.

1.

Dr.  Account Receivable $5,760

Dr. Service charges         $240

Cr.  Service revenue        $6,000

2.

Dr.  Cash                            $5,760

Cr.  Accounts receivable  $5,760

Working Notes

Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.

Service revenue                      $6,000

Less: Credit card expenses    $ (240)

Net income                              $5,760

Service charges = $6,000 x 4% = $240

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The Glo-Brite Company is considering development of a new children's toothpaste in fun-shapeddispensers.Before performing any business analysis on the product, Glo-Brite would like an initial response frompotentialcustomers to determine interest in a toothpaste of this type. Glo-Brite will beginto gather theinformation.a. ideagenerationb.screeningc. testmarketingd. productdevelopmente. concepttesting

Answers

Glo-Brite will begin to gather the information is the process of concept testing. The correct option is e.

It is a method of assessing the appeal of a concept, product, or service to the intended target audience. Before committing significant resources to the development of a product, concept testing is done to determine whether or not a product will satisfy the needs of the target market.

Concept testing is a part of the product development process. It is an attempt to assess the market's response to a product or service idea before it is introduced into the market.

Before performing any business analysis on the product, Glo-Brite would like an initial response from potential customers to determine interest in a toothpaste of this type.

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Why is it important to set a timeline when planning a purchase? Is it ever a good idea to wait overnight before making a commitment to make a large purchase ?​
please I need it asap

Answers

Answer: Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase.

Why should you always consider the opportunity cost when making a significant purchase? Because money spent in one place cannot be spent in another. Considering opportunity cost is just one of the steps needed to have power over purchase.

Explanation:

The worth of a currency is measured by the quantity of products or services that it may be used to purchase.

What is the product?

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

A currency is measured by the quantity of products or services that it may be used to purchase. When everything else is equal, purchasing power is crucial because inflation reduces the number of products and services you would be able to buy.

Therefore,  measured by the quantity of products or services that it may be used to purchase

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identify the career described in the example

Felicia owns a harvesting machine that she uses to harvest wheat. She operates her harvester on many different farms each year. Her job is best described as a(n).

Oscar orders, stocks, and sells parts for tractors and other farming equipment. He works for a tractor dealership and frequently visits different farms to meet customers and show them his products. Oscar's job is best described as a(n).

Jodi is a mechanic who specializes in fixing broken truck and tractor engines. She sometimes works at a tractor dealership and sometimes visits farms to fix broken-down equipment. Jodi's job is best described as a(n).

A. Agricultural Equipment Operator B. Farm Equipment Mechanic or Service Technician C. Mobile Heavy Equipment Mechanic, Except Engines D. Parts Salesperson

Answers

Answer:

Not Positive but A, D, C

Explanation:

Felicia description is about "She operates her harvester"

Oscar  description is about "Oscar orders, stocks, and sells parts"

Jodi is about "fixing broken truck and tractor engines" at various locations thus Mobile

Answer:

A,D,B

Explanation:

Just did it

______ is a payment by a firm to a hostile party for the firm's stock at a premium, made when the firm's management feels that the hostile party is about to make a tender offer.

Answers

The answer in the blank is Greenmail
Give Brinley‘s if this helps

The _____ theory argues that executive pay rises to maintain the same relationship to the salaries of lower-level employees.

Answers

The Answer to the question is "relative pay" theory.

The "relative pay" theory argues that executive pay rises to maintain the same relationship to the salaries of lower-level employees. This theory suggests that executive compensation is determined based on the salaries of other employees within the organization. In other words, the pay of executives is directly linked to the pay of lower-level employees.
For example, let's say a company has a policy that states the CEO's salary should be 10 times higher than the average salary of all employees. If the average salary of employees increases, the CEO's salary will also increase proportionally to maintain the same relative relationship. This ensures that the CEO's compensation remains in line with the compensation of other employees.
The relative pay theory is based on the idea of fairness and equity within an organization. It aims to prevent large disparities in pay between executives and lower-level employees. By maintaining a consistent ratio or relationship between executive pay and employee pay, the theory suggests that companies can foster a sense of fairness and motivate employees to work towards the company's success.

In summary, the relative pay theory argues that executive pay rises to maintain the same relationship to the salaries of lower-level employees. This theory emphasizes the importance of fairness and equity in determining executive compensation within organizations.

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Culver City College, a public college, has a 10-week summer session that starts on June 25, 2020, so that one week is held during FY 2020 and the other nine weeks meet during FY 2021. Tuition and fees in the amount of $1,000,000 were collected from students for classes to be conducted in this session.

Required:
What amount should Culver City College recognize as unrestricted revenue in each of the years ended (FYE) June 30, 2020 and June 30, 2021?

Answers

Based on the information given, the amount that will be recognized as unrestricted revenue in each of the years will be $100,000 and $900,000.

Unrestricted revenue simply means the donations that can be used by a company or group for purposes that meet the goals that were set aside.

From the information, the unrestricted revenue in June 30, 2020 will be:

= 10% × $1,000,000

= $100,000

The unrestricted revenue for June 30, 2021 will be:

= $1,000,000 - $100,000

= $900,000

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Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.

Answers

Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.

What is Copywriting?

Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.

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If someone introduces himself using a formal introduction, you should _____.

address him formally and suggest that he need not be formal with you

ask him how he would like you to address him

follow his lead and address him formally

address him informally and suggest that you prefer informal greetings​

Answers

Answer:

Follow his lead and address him formally

Explanation:

If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.

Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.9%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Woodburn Bank also offers to lend you the $50,000, but it will charge an annual rate of 8.1%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern?a. 1.68% b. 1.98% c. 2.08% d. 1.78% e. 1.88%

Answers

Answer:

0.98%

Explanation:

Note: Options provided is slightly different for this question

EAR = (1+APR/m)^m - 1  

EAR = (1+0.069/12)^12 - 1

EAR = (1.00575)^12 - 1

EAR = 1.07122449517 - 1

EAR = 7.12%

Hence, higher EAR  charged by Woodburn versus the rate charged by Southwestern = (8.1% - 7.12%) = 0.98%

Is eating a tomato bias?

Answers

Answer:

hindi ko po maintindihan ang tinatanong nyo

Explanation:

sa susunod po kumpletuhin nyo para masagut ko ang tanong mo

Section three of a business plan describes which of the following?
A. Business description and analysis
B. Organization and marketing plan
C. Financial plan
D. Promotional activities

Answers

Answer:

B. organization and marketing plan

Section three of a business plan describes Organization and marketing plan. Thus option B is correct.

What is a business plan?

A business plan is an outline that describes in great depth the goals and the company's goals. A business plan outlines a documented strategy for the company's operations, finances, and branding.

Management and marketing strategy are covered in Section 3 of a marketing strategy. a statement of your company and the particular customer issue you are solving, so the reader knows what you are attempting to accomplish.

The process of determining a company's purpose for being, identifying objectives targeted at attaining its maximum capabilities, and developing progressively distinct duties to achieve those objectives is known as organizational planning.

Therefore, option B is the correct option.

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Which of the following best defines managing for a food and beverage operation?
a. establishing long-term goals for the operation
b. using resources to meet organizational goals
c. developing rules and procedures for all employees
d. overseeing every activity that occurs at the property

Answers

b. using resources to meet organizational goals

Managing for a food and beverage operation involves utilizing resources effectively and efficiently to achieve the organizational goals of the operation.

This includes overseeing various aspects such as financial resources, human resources, inventory management, customer service, marketing, and operations.

The primary focus is on coordinating and directing these resources to ensure the smooth functioning of the operation and to achieve desired outcomes, such as profitability, customer satisfaction, and operational excellence.

While elements of long-term goal setting, developing rules and procedures, and overseeing activities may be part of managing a food and beverage operation, the most comprehensive and encompassing definition is using resources to meet organizational goals.

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Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?

A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education

Answers

Answer:

c

Explanation:

C
Highschool students still don’t know what to do after graduation and may lead to debt after

The party that breaks a contract may be required to pay damages to the other party to compensate for:

Answers

Compensatory damages The party that breaks an agreement may be required to pay damages to the alternative birthday celebration to compensate for: losses that could have been avoided by hiring a person else to perform the agreement.

In tort regulation, compensatory damages also referred to as actual damages, are damages provided by means of a court docket equivalent to the loss a celebration suffered. If a party's right becomes technically violated however they suffered no damage or losses, a courtroom can also as a substitute provide nominal damages.

A compensatory damages instance is that if a negligent motive force hit your 2008 Honda and totaled it; the compensatory damages have to same as the market price of your 2008 Honda at the time of its dying, less any scrap or salvage price, and you could be entitled to the fair marketplace price of the automobile.

There are two types of compensatory damages—widespread and actual. actual damages are intended to offer a price range to handiest replace what turned into misplaced. fashionable compensatory damages presented are greater complicated, as those compensatory damages do not represent a monetary expenditure.

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O que é locução verbal?

Answers

Answer:

verbal expression - the communication (in speech or writing) of your beliefs or opinions; "expressions of good will"; "he helped me find verbal expression for my ideas"; "the idea was immediate but the verbalism took hours"

expressão verbal - a comunicação (oral ou escrita) de suas crenças ou opiniões; “expressões de boa vontade”; "ele me ajudou a encontrar expressão verbal para minhas idéias"; "a ideia foi imediata mas o verbalismo demorou horas"

Explanation:

brainliest please?

coroa please?

The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.

Answers

yes, no matter what company say, they need money for funding for "social change"

You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.

Answers

Answer:

3.2%

Explanation:

this is an ordinary annuity:

future value of an ordinary annuity = annual payment x future value annuity factor

$366,000 = $11,000 x future value annuity factor

future value annuity factor = $366,000 / $11,000 = 33.2727

you can solve this in two ways:

the first is with a lot of math work in order to solve the following equation

33.2727 = [(1 + i)²³ - 1] / i

or

you can use an annuity calculator (available online) which will yield 3.2%

Francois deposits $350.00 in a savings account. The account pays an annual interest rate of 4.3%. He makes no other deposits or withdrawals. After 3 months, the interest is calculated. How much simple interest did his money earn?

Answers

Answer:

$3.7625

Explanation:

Simple interest is calculated as

Interest = P x r x t

Where

p = principal amount.. $350

r= interest rate: 4.3% or 0.043

t= time in years: 3 months or 3/12 =0.25 years

Interest = $350 x 0.043 x 0.25

=$3.7625

Paying women for three prenatal checks represents which RBF scheme?
A. Supply-side results based financing
B. Contracting out
C. Cash on delivery
D. Conditional cash transfer

Answers

The RBF scheme that involves paying women for three prenatal checks is a type of conditional cash transfer. (Option D)

The RBF scheme that involves paying women for three prenatal checks is a type of conditional cash transfer (CCT). This involves making cash transfers to individuals or households based on certain conditions, such as attending prenatal checks or ensuring their children attend school. In this case, women are incentivized to attend prenatal checks by receiving cash transfers upon completion of three visits.

CCTs are a popular RBF scheme used in many low- and middle-income countries to improve maternal and child health outcomes. They have been shown to increase the use of healthcare services, such as prenatal care and vaccinations, and to improve health outcomes, such as reducing maternal and child mortality. CCTs are also seen as a way to address poverty and inequality, as they target transfers to the most vulnerable populations.

However, there are also concerns about the sustainability of CCTs, as they require ongoing funding to maintain the cash transfers. There is also debate about whether CCTs are effective in the long term or if they simply create a dependency on cash transfers. Overall, while CCTs are a promising RBF scheme for improving maternal and child health outcomes, it is important to carefully consider their design and implementation to ensure their effectiveness and sustainability.

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How did the Hoover administration respond to the World War I veterans known as Bonus Marchers who asked for the immediate payment of their pension?

Answers

Their camp was on the outskirts of Washington, D.C., and the Hoover administration ordered the American army to evict them by force.

A group of World War I veterans known as the "Bonus Army" invaded Washington, D.C. in 1932 and demanded that their veteran bonuses be paid early. The protest's leaders would be drafted into the military, President Herbert Hoover enragedly ordered the War Department. They were to be ejected from their camp on the outskirts of Washington, D.C., by the American army under duress. It greeted them upon their arrival in Washington, expressed gratitude for their service, and sent them off with government checks. It scheduled a ceremony to present medals and express the government's gratitude once more for their service. On the White House lawn, it served out a sumptuous meal but declined to pay the bonuses early.

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If gas prices increase, what would happen to incomes for households and businesses?

Answers

Answer:

If gas prices continue to increase household incomes people are getting now may not be enough for the family, causing people to ask for extra hours which when giving extra hours once a person is on overtime they legally have to make at least pay and a half per hour, so if someone is making $15 an hour, once they are on overtime they make $22.50 causing businesses to put out more money. Businesses may also not be able to afford the overtime causing the worker to continue struggling with pay and either look for a higher-paying job or get a second job.

Strategy Alternatives and Recommendations (15%) Use TOWS Matrix to generate alternative strategies of Marriott Hotel. Recommended Strategies (15%) Make your recommendations on the implementation of your chosen strategies proposed in the TOWS matrix. Your recommendations should thoroughly discuss and evaluate the implications and consequences resulting from the recommended strategies.

Answers

Implement SO strategies to capitalize on Marriott Hotel's internal strengths and external opportunities, while addressing weaknesses through WO strategies, considering implications and consequences for successful strategy implementation.

The TOWS Matrix is a strategic planning tool that helps identify strategic alternatives by analyzing the relationship between external opportunities and threats and internal strengths and weaknesses. It involves matching internal strengths with external opportunities (SO strategies), internal weaknesses with external opportunities (WO strategies), internal strengths with external threats (ST strategies), and internal weaknesses with external threats (WT strategies).

Based on this understanding, I recommend the following approach for strategy implementation:

1. SO Strategies: Identify and capitalize on Marriott Hotel's internal strengths to take advantage of external opportunities. For example, leveraging their strong brand reputation and customer loyalty to expand into emerging markets.

2. WO Strategies: Focus on addressing internal weaknesses by taking advantage of external opportunities. This could involve investing in staff training and development to enhance service quality and customer satisfaction.

3. ST Strategies: Utilize Marriott Hotel's internal strengths to mitigate or overcome external threats. For instance, leveraging their expertise in sustainability practices to address growing concerns about environmental impact in the hospitality industry.

4. WT Strategies: Develop strategies to minimize internal weaknesses and avoid or reduce the impact of external threats. This could involve cost reduction initiatives or operational improvements to mitigate the impact of economic downturns.

When implementing the recommended strategies, it is important to thoroughly evaluate the implications and consequences. Consider factors such as financial feasibility, resource allocation, market trends, competitive landscape, and customer preferences. Additionally, ensure proper communication and engagement with stakeholders to gain support and alignment for the chosen strategies.

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