1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zubka84 [21]
1 year ago
13

On September 1, Sunland's Painting Service borrows $161000 from National Bank on a 3-month, $161000, 4% note. The entry by Sunla

nd's Painting Service to record payment of the note and accrued interest on January 1 is
Business
1 answer:
fenix001 [56]1 year ago
5 0

DR Notes Payable 150,000; DR Interest Payable 1,500; CR Cash 151,500

Interest Payable = ($150,000 x .04) x 3 / 12 = $1,500.

<h3>What is Interest Payable?</h3>

Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.

In short, it represents the amount of interest currently owed to lenders.

<h3>Is interest payable an asset?</h3>

Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.

Learn more about interest payable here:

<h3>brainly.com/question/14117991</h3><h3 /><h3>#SPJ4</h3>
You might be interested in
Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by
GREYUIT [131]

Answer:

(C) doing both of the above

Explanation:

When dealers "make a market", they do so by providing liquidity in a market that may lack such. Liquidity measures the ease with which participants can buy and sell in a market. Thus, by making a market, a dealer buys stocks for inventory when investors want to sell, and sells stocks from inventory when investors want to buy.

6 0
3 years ago
Discuss how AFCFTA could be trade creating free trade area?​
allochka39001 [22]

Explanation:

eliminate tariffs on intra-Africa trade, making it easier for businesses to trade within Africa and benefit from their own growing market; introduce regulatory measures such as sanitary standards and eliminating non-tariff barriers to trade; establish, in the future, a Common Continental Market.

6 0
3 years ago
Which graph shows the relationship between the aggregate price level and the aggregate quantity supplied over time?
PilotLPTM [1.2K]
The answer is A: Long-run aggregate supply curve.
4 0
3 years ago
Melissa invests $37,000 today in a savings account that pays 4 percent interest compounded annually. She wants to know the total
MissTica

Answer:

a. N = 7, I/Y = 4, PV = -37,000

Explanation:

In financial calculator % is already written in the calculator so we have to write only number in calculator.

Option b incorrect because it has included a number with % ( 4% ) sign that we dint do usually in calculator.

Option c is incorrect because it has taken pv as positive

Option d is incorrect because it has written 4% that we don't put in calculator as well as it has inserted positive pv which is also wrong.

7 0
4 years ago
A company's direction, objectives, and strategy Group of answer choices are set in stone as the end of the planning process. nev
STALIN [3.7K]

Answer:

are never final, as managing strategy is an on-going, dynamic process.

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

Hence, a company's direction, objectives, and strategy are never final because managing strategy is a continuum or an on-going, dynamic process. Thus, it's never a now and then task.

6 0
3 years ago
Other questions:
  • Which best describes the benefits of renting a home?
    9·1 answer
  • A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends a direction
    9·1 answer
  • Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switchin
    14·1 answer
  • “A” represents the new quantity supplied, while “B” represents the new quantity demanded. What is the result of these changes?
    14·2 answers
  • Data concerning Farm Corporation's single product appear below:
    8·1 answer
  • Kuzio Corporation produces and sells a single product. Data concerning that product appear below:
    12·1 answer
  • Give two reasons why value of norminal GDP would increase ​
    6·1 answer
  • Getting money to start and run a business is referred to as obtaining
    11·1 answer
  • Labor productivity is?
    5·2 answers
  • Blue Ice Inc. is an American corporation. The company started out as a partnership between Nick Selver and Rita Andrew in 1985.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!