Answer:
The correct option is c. Debit Interest Receivable $250, credit Interest Revenue $250.
Explanation:
The interest revenue from this loan can be calculated as follows:
Interest revenue = Loan amount * (Number of days from November 1 to December 31 / Number of days in a year) * Interest rate .............. (1)
Where;
Interest revenue = ?
Loan amount = $18,750
Number of days from November 1 to December 31 = 60
Number of days in a year = 350
Interest rate = 8%
Substituting the values into equation (1), we have:
Interest revenue = $18,750 * (60 / 360) * 8%
Interest revenue = 250
Since it is a 120-day loan which implies that repayment is expected to be made after December 31, i.e. on 120th day, Lemming's end-of-period adjusting entry on December 31 should be Debit Interest Receivable for $250; and Credit Interest Revenue $250.
Therefore, the correct option is c. Debit Interest Receivable $250, credit Interest Revenue $250.
The big difference between the CIO and the Chief Digital Officer is the responsibility for turning IT into a value creator, which is something that the CIO typically doesn’t have in most organizations.
<h3>How to compare the difference?</h3>
The chief digital officer is the leading digital business from the front in a way that most CIOs aren’t. It should be that most CIOs are not trying to think of new markets, new channels, or new business models that the organization should be getting and making that a top priority. .
The CIO is used to operate much larger operations. The Chief Digital Officers are very multidisciplinary, so they have a lot of different experiences, and they're very comfortable talking with marketing and sales in their language.
They’re very good at talking to the product teams in their language and operations in their language, and executives, and so on. And not to the same degree that we see the CIOs that don’t really talk the language of business .
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Credentials possibly or training time
There are many developments which occured in recent years as with the changing technology, shape of products and techologie has changed plenty and there is the special fashion which affects emplyoees stress and additionally management stress.
Re-engineering approach restructuring the product at huge range and it contributed to employees stress as the employee has understood the exclusive merchandise shape over and over by way of having the training to increase their goodwill as an employee in the marketplace and also to meet competitions. Also, it contributed to management pressure with the aid of having high competition among organizations regarding this.
Reorganizing ways changed the way of the method and once more it contributed to emplyoee strain and control stress to fulfill the excessive degree competitom with the aid of updating their corporations with new and contemporary technology.
Formation of health machine has a high-quality impact on each emplyoee as well as management because it helps emplyoee for being healthful and control to have extra healthy emplyoees.
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