Answer: PLease see answer below
Explanation:
Date Account title and explanation Debit Credit
Dec 31 Interest receivable $168
2021 Interest revenue $168
Calculation
Interest =Principal x time x rate
= 7,200 x 8% x 3.5 /12(15th september to 31st December)
=$168
Answer:
$1,008.18
Explanation:
Using a financial calculator, you can calculate the price of this bond with the following inputs;
Maturity of the bond; N= 3
Face value ; FV = 1000
Annual coupon payment; PMT = 7% *1000 = 70
Yield to maturity ; I/Y = 6.69%
then compute the Price; CPT PV = 1,008.182
Therefore, the current price is $1,008.18
The managerial role of a <u>leader </u>is best described as giving direct command and orders to subordinates
<h3>What is the function of management ?</h3>
The pursuit of organizational goals efficiently and actually by including the work of people through planning, organizing, leading, and controlling. This process of management involves monitoring performance, reaching it with goals, and making adjustments if needed.
<h3>What are the distinctions among the three levels of management?</h3>
The three levels of management in most communities are top-level management, mainly responsible for overseeing all functions, middle-level management, responsible for executing plans and procedures, and low-level control, responsible for direct task performance and deliverables.
To learn more about organizational goals, refer
brainly.com/question/17601805
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The correct answer is a current asset.
When a business makes a sale on account it creates an a/r, which stands for accounts receivable. Accounts receivable are categorized as a current asset on the balance sheet.
Answer:
Relationship by assumed representation.
Explanation:
A third party believes a principal has an agent acting on his behalf and interests without properly confirming from the principal, this relationship is known as relationship by assumed representation.
First, the third party is not told by the principal that a particular person is his agent and will represent him, he assumes it, probably because he sees both of them together.
The third party fails to explicitly ask the principal if the agent represents his interests and goes ahead to deal with the agent, he is merely transacting based on assumed representation.
It is totally different when the principal explicitly tells the third party that this is his agent who will be representing him.
