Journal Entries:
Date Particulars Debit Credit
Jan. 1, 2019 Cash $100,000
Notes Payable $100,000
Dec. 31, 2019 Interest Expenses 7,000
Notes Payable 22,523
Cash 29,523
Dec. 31, 2020 Interest Expenses 5,423
Notes Payable 24,100
Cash 29,523
Dec. 31, 2021 Interest Expenses 3,736
Notes Payable 25,787
Cash 29,523
Dec. 31, 2022 Interest Expenses 1,931
Notes Payable 27,592
Cash 29,523
Note: It should be kept in mind that the Interest Expenses is calculated by taking the Balance of Notes Payable, and multiplying it with 7%.
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Answer:
TRUE
Explanation:
Current Access Control rosters should be authenticated, authorized and accounted for by the manager or their designated representative.
Bio-metrics, Electronic locks, and Smart cards are sensitive data-derivation technologies and since they are applied in a number of sectors - e.g. Telecommunications, Retail, Defense, Healthcare, Hospitality, and Information Technology - current access to devices and software applications should be authenticated by the manager or a designated representative of the manager.
The question is incomplete. Here is the complete question
Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does the quantity demanded for DVRs change if the p rises by $40? A) drops by 10,000 DVRs B) increases by 16,000 DVRs C) drops by 2,500 DVRs D) increases by 4,000
Answer:
Drops by 10,000 DVRs
Explanation:
The demand for digital video recorders is expressed by
Q= 250- .25p+4pc
Where
Q represents the quantity demanded by the customers
P represents the price of DVR
pc represents the price of cable television
Since the factor of p in the expression above is negative, this implies that the quantity of DVR demanded in the market will reduce
If the price of DVR increase by $40, then the quantity demanded will reduce by
= 0.25×40×1000
= 10×1000
= 10,000 units
Hence the quantity of DVRs drops by 10,000 DVRs if the price is increased to $40
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