Assuming that the amount of money he buys the car for + gas, maintenance, etc. costs outweighs the cost saved by biking or public transportation (if he's OK with doing those two), he should probably consider walking, biking, or using public transportation for those few years
You're indeed correct with your guess. Nice work!
Answer:
Debit interest receivable $1,500
Credit interest revenue $1,500
Explanation:
Adjust entries are used in accounting to record accrued revenue or expense at the end of an accounting period.
On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022.
We are to calculate the adjustment at December 31, 2021.
We need to calculate interest accrued at year end. The loan would have stayed for 10 months.
Interest= principal* rate* time
Interest= 20,000* 0.09* (10/12)
Interest = $1,500
So we will debit interest receivable for $1,500 and credit interest revenue.
Answer: creeping featurism
Explanation: Creeping featurism is a slang used for the term feature creep. It refers to the problem faced by the consumers due to continuous addition of features in an existing product. These addition make the product more complex and hard to use for the users.
In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.
Thus, we can conclude that the given case is an example of creeping featurism.
Answer:
stock warrant
Explanation:
Amy was given a stock warrant which gives her the right to purchase a specific number of stocks (25 stocks) at a specific price ($32) during a specific time period (12 months). Stock warrants are issued directly by the corporation to the stockholders. Stock warrants are also tradable, so Amy can choose to sell them to another investor.