Answer:
December 31 2021 Interest expense $2000 Dr
Interest Payable $2000 Cr
Explanation:
The interest on note payable is an expense. Assuming that the year end adjusting entries are made on 31 December, we will accrue the interest on note that relates to this year i.e. 2021 following the accrual basis of accounting. The interest that relates to 2 months of 2021 i.e. November and December will be:
Interest expense = 100000 * 0.12 * 2/12 = $2000
The interest will be recorded as interest expense and the interest expense account will be debited. As the interest is due but will be paid on maturity, we will credit interest payable account by the amount of interest due.
Answer:
The correct answer is letter "C": senator B.
Explanation:
Aggregate data is information obtained out of different variables that are compiled into a single study to give an idea of what the change was in the matter involving those variables throughout a period. Aggregate data aims to portrait information of interest to the general public which is usually expressed in numeric values or rates.
Thus, <em>by talking about the inflation rate change, Senator B is using aggregate data.</em>
Answer:
B. 03/10/2018
Explanation:
The date placed in service is 03/10/2018 since this was the date that this trailer or machine was delivered for use according to the question.
The date in service can be defined to be the date that an inventory item such as this machine was made available for service or in other words made available for use. We use this date to calculate the depreciation on the serial inventory.
Answer:
Stock out costs increase
Carrying costs decrease
Explanation:
Just in time (JIT) decreases total inventory and increases the number of deliveries made by the company's vendors.
Since the company is going to hold fewer materials and components, then the risk of an stock out increases, resulting in higher stock out costs.
The total inventory will decrease, therefore, the carrying costs will also decrease.
Answer:
Correct option is B
The Federal Reserve is worried about unemployment
Explanation:
We know from phillips curve, there is a backwards connection between swelling rate and joblessness rate. Hence joblessness rate can be diminished by expanding expansion which should be possible by expanding cash supply.
Or then again an expansion in cash supply will diminish loan fee prompting increment in venture and subsequently increasingly capital development, because of which more work is required and therefore joblessness diminishes.
