Answer:
The journal entry is as follows:
Cash A/c Dr. $ 25,437.50
To Notes Receivable A/c $25,000
To Interest revenue A/c $437.50
(To record the collection of the note and interest at maturity)
Working notes:
Interest for 90 Days:
= Note value × Interest rate × Time period
= $25,000 × 0.07 × (90/360) days
= $437.50
Answer:
Dr. Investments in Associates 250,000
Cr. Cash 500,000
Dr. Cash 10,000
Cr. Investments in Associates 10,000
Dr. Investments in Associates 50,000
Cr. Investment revenue 50,000
Explanation:
The equity method is a type of accounting used to incorporate investments. It is used when the investor holds significant influence over the investee but does not exercise full control over it.
An investor is deemed to have significant influence over an investee if it owns between 20% to 50% of the investee’s shares or voting rights.
- Jolley receives dividends of $10,000, which is 25% of $40,000, and records a reduction in their investment account. The reason for this is that they have received money from their investee.
- Jolley records the net income from Tige Co. as an increase to its Investment account.
Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:
Assets
=
Liabilities
+
Equity
Assets=Liabilities+Equity
With a double entry system, credits are offset by debits in a general ledger or T-account.
So debit is the answer
social media data may be considered a form of secondary data.
<h3>Why can we consider social media data a form of secondary data?</h3>
There are many different categories of data that may be used in data analytics. For instance, the contrast between qualitative and quantitative data is frequently used. You might also separate your data depending on aspects like sensitivity.
For instance, is it widely known or is it really private?
The source of the data is perhaps the most basic distinction between various forms of data. Are they, specifically, first-party, second-party, or third-party data? These essential data sources all contribute in some manner to the data analytics procedure.
To learn more about secondary data from given link
brainly.com/question/18118203
#SPJ4
Answer:
$7.15
Explanation:
Calculation for Other The cost of wages and salaries and other overhead that would be charged to each bouquet made is:
Wages and salaries charged to each bouquet produced = (60%*$180,000)+(50%*$70,000)/20,000 bouquet
Wages and salaries charged to each bouquet produced = $108,000+$35,000/20,000 bouquet
Wages and salaries charged to each bouquet produced = $143,000/20,000 bouquet
Wages and salaries charged to each bouquet produced = $7.15
Therefore The cost of wages and salaries and other overhead that would be charged to each bouquet made is:$7.15
