Answer:
Both A and B are correct.
Explanation:
Variance analysis help the business to identify the deviation from their budgeted expenditures. The budget cost or volume is analyzed against the actual expenditure or production volume. Variance can be favorable or unfavorable. An unfavorable material price variance will increase the cost of finished goods.
Given:
July 1 borrowed money from eight national bank on 8-month, 40,000, 5% note.
Interest and principal is all due on February 28
No journal entries were made.
Recognizing cash and notes payable.
Debit Credit
Cash 40,000
Notes Payable 40,000
Interest on Notes payable
Interest Expense 1,333
Interest Payable 1,333
Recognizing interest owed but not yet paid.
40,000 * 5% * 8/12 = 1,333
On February:
Notes Payable 40,000
Interest Payable 1,333
Cash 41,333
Answer:
Explanation:
FV $200,000.00
time 5 years
rate 0.1% = 10/100 = 0.10
C $ 32,759.496
The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years
<u>Eminent domain</u><u> is the </u><u>governments</u><u>' power to take private land for public use.</u>
Which of the following is an involuntary alienation of property?
- Involuntary Alienation. Involuntary alienation is the transfer of real estate by law and without the owner's consent.
- There are 4 methods by which this is accomplished: foreclosure, eminent domain, adverse possession, and by escheat.
Which of the following is an involuntary alienation of property?
A grantor does not wish to be responsible for defects in the title that arise from previous owners but will guarantee the title for the time the grantor has the ownership.
What is involuntary alienation ?
Involuntary Alienation. Involuntary alienation is the transfer of ownership without consent and control of the owner.
Learn more about Involuntary Alienation
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They are prone to corrosion and are not as strong
