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amid [387]
3 years ago
5

Blossom Company lends Blue Spruce industries $61200 on August 1, 2022, accepting a 9-month, 12% interest note. If Blossom Compan

y accrued interest at its December 31, 2022 year-end, what entry must it make to record the collection of the note and interest at its maturity date
Business
1 answer:
Svetlanka [38]3 years ago
8 0

Answer:

Dr interest expense   $2448

Dr interest payable    $3060

Dr Notes payable      $61,200

Cr cash($2448 +$3060 +$61,200)                 $ 66,708.00  

Explanation:

The interest accrued at 31st December 2022 is interest for 5 months which is calculated thus:

interest as at 31st December=5/12*12%*61,200=$3060

On that interest expense would have been debited while interest payable is credited with $3060

On the due date, interest for another months need to computed as follows:

interest for four months=4/12*12%*61,200=$2448

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The financial statements that is <span>divided into major categories of operating, investing and financing activities is the statement of cash flow. In this statement, the cash inflows and outflows of the company would be shown. The operating would show the cash flow in the normal operation of the business. The investing would show the cash flow in the investments of the company. And the financing will show the cash flow of the finances of the company. The primary purpose of this statement is to inform readers how much cash is available in the company. This will be a factor in determining the company's liquidity.</span>
8 0
3 years ago
According to the guidelines of goal-setting theory, which of the following goals is most likely to stimulate performance?A. Incr
marysya [2.9K]

Answer: According to the guidelines of goal-setting theory, the following goals is most likely to stimulate performance:

1. Obtain sales levels, 15 percent over last year

2. Develop a cure for AIDS

Explanation:

Goal setting mostly inclines towards the process of an action plan fashioned to motivate and lead a person toward a objectives.  

Goal setting is one of the key component of personal-development and theory in management.  

The theory states that the unsophisticated most direct motivational cerebration of why some people perform better is because they have different performance objectives. Difficult specific goals will lead to higher performance than easy objectives or no objectives or even the setting of an abstract goal.

5 0
4 years ago
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A ________ pays out cash flows from a collection of assets in different tranches, with the highest
goldenfox [79]

A <u>Collateralized debt obligation</u>​ pays out cash flows from a collection of assets in different tranches, with the highest.

A collateralized debt obligation (CDO) is a complex structured finance product that is subsidized through a pool of loans and different property and offered to institutional buyers. A CDO is a specific form of spinoff due to the fact, as its call implies, its value is derived from some other underlying asset.

For example, if the bank of the US loaned you $10,000 at 10% interest for 5 years, your mortgage can be bought by a person else. The patron of the loan will become entitled to the payments you're making on the loan. With numerous of that money owed in the CDO's portfolio, it is able to then use them as assets to underpin their debt issuance.

A Collateralized Debt obligation (CDO) is a synthetic investment product that represents special loans bundled together and sold with the aid of the lender in the market. The holder of the collateralized debt responsibility can, in principle, acquire the borrowed quantity from the authentic borrower at the end of the mortgage length.

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2 years ago
It is difficult to start up a major league sports team because existing professional teams have contracts with the best players
Drupady [299]

Control of a key resource is the barrier to entry of the startup of a major league sports team because existing professional teams have contracts with the best players and long-term leases on stadiums.

<h3>What is the barrier of control over key resources?</h3>

A monopoly is a market in which there is only one seller or a few sellers and no close substitutes for the seller's product or service. The term "monopoly" is technically applied to the market as a whole, but it is now widely applied to the sole vendor in a market as well.

The market may become a monopoly when one team has major control over a resource required for the startup of a team.

Thus, Control of a key resource is the to entry.

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brainly.com/question/24180690

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5 0
2 years ago
Kylie wants to work with others to solve problems and make decisions. But, she is also able to assume individual responsibility.
Andreyy89

Answer:

True

Explanation:

This theory believes that an employee desires to be fully involved in the administration of an organization and is therefore committed to the course.

The employee will also want a reciprocated encouragement and motivation from the managers in terms of training opportunities and a safe working environment as they believe that the right support from the managers will boost their performance.

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4 years ago
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