Answer:
Interest expense $80
Explanation:
the journal entry to record the issuance of the note:
December 1, 202x, note issued in replacement of account payable
Dr Accounts payable 24,000
Cr Notes payable 24,000
the journal entry to record accrued interests payable is:
December 31, 202x, accrued interests payable
Dr Interest expense 80
Cr Interests payable 80
Interest expense = $24,000 x 4% x 1/12 = $80
The answer is<u> "a. analysis, planning, implementation, organization, and control".</u>
The marketing process comprises of five key steps. The initial step is comprehend the commercial center and client needs and wants.In the last advance of the five-advance process, the organization receives the benefits of solid client connections by catching an incentive from customers. The marketing process, in which four of them concentrated on making an incentive for clients. One procedure for making an incentive for clients is customer-engagement marketing, which encourages immediate and ceaseless client association in forming brand discussions, brand encounters, and brand network.
<span>It is not important to always have a health insurance or to be employed in order to see the doctor.
There are many free clinics and Medicaids in many different cities and states, which could help people to avail medical treatment at considerably cheaper prices.
In case, the person is unemployed, they can also avail food stamps for a period of time from the clinics after completing the necessary formalities.
The Free clinics and Medicaids can be searched for on the websites and an online appointment can also be booked.</span>
Answer: B. reduces reported net income of the period but does not involve an outflow of cash for that period.
Explanation:
Depreciation is the wear and tear of an asset due to the use of the asset. When an asset is depreciated, such an asset is eventually sold at a scrap value.
The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation reduces reported net income of the period but does not involve an outflow of cash for that period.
Answer: c. may be used to settle an accounts receivable.
Explanation: A promissory note is defined as a financial instrument that contains a written promise by the note issuer or maker to pay the note payee a definite sum of money at a specific future date or on demand and may be used to settle an accounts receivable (the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers and are listed on the balance sheet as a current asset). They are commonly used in businesses as a form of short term financing as they can be exchanged for cash at a future time when account receivables have been collected.
