A competitive advantage is picked up when a firm procures ascribes that enable it to perform at a more elevated amount than others in a similar industry. Building up a maintainable, upper hand requires client dedication, an awesome area, one of a kind stock, legitimate dispersion channels, great seller relations, a notoriety for client benefit, and different wellsprings of favorable position. On the quality of data above, Rice Epicurean ought to build up a Customer Relationship Management framework for observing client inclination, devotion, and input
The proceeds that UWD received will be as follows:
Number of shares 1,350,000
share price $24.62
Amount realized from the shares:
1,350,000×24.62
=33,237,000
Total amount to be deducted will be:
(Commission+Accounting fees+legal fees+printing costs+selling expenses)
commission=$1,661,850
Accounting fees=$450,000
legal fees=$1,225, 000
printing cost=$275,000
selling expenses=$300,000
Total=(1,661,850+450,000+1,225,000+275,000+300,000)
=$3,911,850
The amount received will be:
33,237,000-3,911,850
=$29,325,150
Answer:
Debit interest expenses for $15,000
Credit interest payable for $15,000
Explanation:
Since January 1 to June 30 is 6 months, we need to calculate interest expenses for the 6 months as follows:
Monthly interest expenses = ($500,000 * 6%) / 12 = $2,500
Interest expenses for 6 months = $2,500 * 6 = $15,000
The adjusting entry required will therefore look as follws:
<u>Date Particulars Dr ($) Cr ($) </u>
June 30 Interest expenses 15,000
Interest payable 15,000
<u> (</u><em><u>To record 6 months interest payable on note.) </u></em><u> </u>
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