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vovangra [49]
2 years ago
11

record the adjusting entry for recording the interest due on a note payable liability. assume that the company has a $2400 note

payable outstanding on which they pay a 5% annual interest rate. record the adjustment for interest due for one month's worth of interest.
Business
1 answer:
almond37 [142]2 years ago
7 0

record the adjustment for interest due for one month's worth of interest

Interest=( 2400×5/100)×1/12

            = $10

In finance and economics, hobby is a price from a borrower or deposit-taking economic group to a lender or depositor of an amount above reimbursement of the major sum (that is, the quantity borrowed), at a specific price. It is awesome from a charge that the borrower may additionally pay the lender or some 1/3 party. It's also distinct from a dividend that is paid by a business enterprise to its shareholders (proprietors) from its earnings or reserve, however not at a specific fee decided in advance, rather on a seasoned-rata foundation as a percentage inside the praise gained by using threat-taking entrepreneurs while the revenue earned exceeds the overall expenses. For example, a consumer could normally pay interest to borrow from a financial institution, so they pay the financial institution an amount that is more than the amount they borrowed, or a customer can also earn hobby on their savings, and so they'll withdraw extra than they firstly deposited. In the case of savings, the patron is the lender, and the bank plays the position of the borrower.

Learn more about interest here

brainly.com/question/25793394

#SPJ1

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The price elasticity of supply :a.is the slope of the supply curve. b.is the percentage change in quantity supplied divided by t
Luba_88 [7]

Answer:

b.is the percentage change in quantity supplied divided by the percentage change in price.

Explanation:

Price elasticity of supply measures the degree of responsiveness of quantity demanded to price. It is a ratio of the percentage change in quantity supplied to percentage change in price.

Elasticity of supply can be elastic meaning an increase in price results in increase in demand.

It can also be inelastic meaning increase in price does not lead to a reasonable increase in supply.

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salesforce.com is a customer relationship management company that integrates every part of a company that interacts with custome
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<h3>What is Customer Relationship Management?</h3>

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4 0
2 years ago
What is a appropriately
garik1379 [7]

Answer:

-What is a appropriately?

in a manner that is suitable or proper in the circumstances.

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an established or official way of doing something.

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a serious disagreement or argument, typically a protracted one.

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A technique is a method of doing some task or performing something.

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to come into possession of; get, acquire, or procure, as through an effort or by a request: to obtain permission; to obtain a better income.

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6 0
3 years ago
Read 2 more answers
Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inv
jekas [21]

Answer:

C) a debit to Merchandise Inventory and a credit to Accounts Payable

Explanation:

The journal entry to record the purchase of inventory on account by using the perpetual inventory system is shown below:

Merchandise Inventory A/c Dr XXXXX

      To Accounts Payable A/c               XXXXX

(Being merchandise is purchase on credit)

Simply we debited the merchandise inventory account and credited the account payable account so that the correct posting can be done.

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