Answer:
The computation is shown below:
Explanation:
The journal entries are shown below:
a. Account payable $70,000
To Notes payable $70,000
(Being the issuance of the note is recorded)
b. Note payable $70,000
Interest expense $1,575
To Cash $71,575
(Being the payment of the note at maturity date including interest is recorded)
The computation is shown below:
= $70,000 × 9% × 90 days ÷ 360 days
= $1,575
We assume 360 days in a year
Now the effects on the accounts and the financing statement for issuance of the note is shown below:
Balance sheet
Assets = Liabilities + Stockholder equity Income statement cash flow statement
No effect = Account payable - $52,000 + No effect No effect + no effect
Note payable + $52,000
Answer:
The answer is 1.25
Explanation:
Debt to equity ratio tells us about how a company is running its business through borrowed money or contribution from its owners(equity). The ratio shows how healthy a company is.
Debt to equity ratio is total liability (debt) ÷ total equity.
Here, total liability(debt) will be our total debt.
Total liabilities(debt) = $15,000,000
Total equity = $12,000,000
So we have;
$15,000,000/$12,000,000
=1.25
Answer:
. are the most elastic in their demand for a product.
Explanation:
Price discrimination is when a producer sells the same good at different prices to consumers.
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
The more elastic demand is, the more sensitive demand is to changes in price.
The less elastic demand is, the less sensitive demand is to changes in price.
A price discriminating seller who wants to maximise profits would charge higher prices to the consumer with a less elastic demand and a lower price to a consumer with a more elastic demand.
I hope my answer helps you
They may be first-level or first-time managers, frequently recently promoted into their first leadership position, and they are the individuals who supervise individual contributors. They could also be functional leaders, who are in charge of others' work through influence but don't have any official direct reports.
<h3>What is the difference between middle and first-line managers?</h3>
There are usually three layers of management: top managers, who are in charge of overall performance; middle managers, who answer to top managers and supervise lower-level managers; and first-line managers, who keep an eye on staff to ensure that work is completed correctly and on time.
For lower-level managers, technical abilities are crucial since they supervise the staff members that make goods or provide customer service. To train new employees and aid workers in problem-solving, team leaders and first-line supervisors need technical expertise.
Learn more about middle and first-line managers here:
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