Answer:
Debit Interest Payable for $1,500, debit Interest Expense for $750, and credit Cash for $2,250
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $750
Interest payable A/c Dr $1,500
To Cash A/c $2,250
(Being cash is paid on maturity)
The computation is shown below:
For interest payable
= $50,000 × 9% × 4 months ÷ 12 months
= $1,500
The 4 months from September 1 to December 31
For interest expense
= $50,000 ×9% × 2 months ÷ 12 months
= $750
The two months are January to February
And, the cash is $1,500 + $750 = $2,250
Option E. All of the following of the following are part of being straightforward when servicing a customer. Customer service is the assistance or support you render your customers — both before and after they buy and use your products or services — which assists them have an easy, enjoyable experience with your brand. But customer service is more than solving a customer's problems and closing tickets.
<h3>Who is a customer?</h3>
In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea. Customer receives goods and services obtainable from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
Therefore, the correct answer is as given above
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The complete question goes thus:
Which of the following are part of being straightforward when servicing a customer?
A. Respond in a timely manner
B. Respond knowledgeably
C. Communicate with customers where they are.
D. Streamline your process.
E. All of the above
Some of the likely things which a court would do if Tonya sues to enforce the contract are:
- 1. X not enforce the contract, because people are free to choose to whom they sell their property.
- 2. award monetary damages to Tonya.
- 3. require Shania to go through with the sale.
- 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.
<h3>What is a Contract?</h3>
This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.
With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.
In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.
Read more about contract here:
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Answer:
Explanation:
The journal entries are shown below:
a. Inventory A/c Dr $26,000
To Notes payable A/c $26,000
(Being inventory is purchased for signing the short term notes payable)
b. Interest expense A/c Dr $780
Notes payable A/c Dr $26,000
To Cash A/c $ $26,780
(Being cash is paid on maturity)
The interest expense is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $26,000 × 6% × (6 months ÷ 12 months)
= $780
The 6 months is calculated from March 1 to September 1
Answer:
A sustainable competitive advantage
Explanation:
In a market that is perfectly competitive, firms offer products that are similar. They have to constantly seek ways to maintain their competitiveness by differentiating their product from others.
Maintaining an excellent customer service culture that goes the extra mile to solve customer problems is one of the ways to maintain competitive advantage.
Nordstrom is using this effectively to differentiate their services.
