Answer:
Adjusting entry
Date Account Title Debit Credit
Interest receivables $4,000
($600,000*8%*1/12)
Interest revenue $4,000
(To record accrued interest on note)
A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:
53,589 / 0.05 = 1,071,780
Answer:
b) cyber fraud
Explanation:
Based on the information provided within the question it seems that this is an example of cyber fraud. This refers to a fraud or deception that is done over the internet with the goal of tricking victims in a variety of different ways in order to steal their money, property or even inheritance. Which is the case in this scenario as Don tricked Eve into providing her U.S. bank account, which he used to gain access and steal all her funds.
Answer:
B. $0.02
Explanation:
The computation is shown below:
Since the annual holding cost percentage is 10% and the cost of production is $5. So, the holding cost would be
= $5 × 10%
= 0.5
Now if the t-shirts run 25 times a year, so the holding cost would be
= 0.5 ÷ 25 times
= $0.02
Simply we compute the holding cost based on number of times the t-shirt turns in a year
All other information which is given is not relevant. Hence, ignored it
If a software package is purchased, consider a supplemental maintenance package which offers additional support and assistance from the vendor.
Supplemental maintenance with assist in future issues while using the software. These can range from not working correctly or just needing a few tips on how to use the software. Most companies that sell software or electronics, offer these.
