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marta [7]
3 years ago
7

Mary invested cash in her new business. which effect will this have?

Business
1 answer:
Tanzania [10]3 years ago
5 0
It would be A. Cause she's investing in her business
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Flipco signed a 10​-year note payable on January​ 1, 2018​, of $ 800, 000. The note requires annual principal payments each Dece
kirill115 [55]

Answer:

A. a debit to Interest Expense for $ 36, 000

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Based on the information given we were told that Flipco has note payable on January​ 1, 2018, of the amount of $800,000 and on December 31 we were told that the loan requires annual principal payments of the amount of $80,000 in addition with 5​% interest. This means that the Journal entry to record the transaction on December​ 31, 2019​ will includes a Debit to interest expense for $36,000 calculated as :

Interest expense= $800,000-$80,000

Interest expense=( $720,000* 5%* 12/12)

Interest expense =$36,000

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A Debit to interest expense for $36,000

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Look Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using
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I'm figuring this out for you!

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2 years ago
Moe is an average worker stuck on a team of complacent workers. Nick is an innovator who produces triple the amount of the avera
VLD [36.1K]

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Wyatt

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In a high outcome interpendence scenario Nick will be forced to improve on the performance of Wyatt in order to meet team objectives.

The other average workers will only gain a little from increased cooperation.

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3 years ago
Angela, a recent university graduate, wants to start a fashion boutique that will sell tailor-made garments and accessories. She
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E. The Small business Administration

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Therefore Angela should meet the Small business Administration for financial and managerial assistance.

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