Answer: a. a credit to Accounts Payable.
Explanation:
When paying off a note, cash will be used so cash will have to be credited to show that it is decreasing.
Interest expense will be debited by the interest accumulated on the loan because expenses are debited when they increase.
Notes Payable will be debited to show that the note has now been retired.
There is no credit for Accounts payable involved in this transaction.
Answer:
Consider the following calculation and analysis
Explanation:
We will analyse from cost perspective, the alternative with lower cost should be selected.
Total no. of doctor visit = 12 monthly visit + 3 times special visit = 15
Cost = 50 * 15 = $750
Under Traditional health checkup plan
Cost of plan = $ 250 + (20% of doctor visiting charges) = 250 + 20% of 750 = $400
Under HMO
Premium = 20 * 12 months = $240
Co payment = 10 * 15 = 150
Total = $ 390
There is a saving of $10 in HMO, so she should opt for this option. Moreover, the benefit of HMO would be the payments are monthly in small installments ,rather than a big outflow as in the case of traditonal plan.
The answer would be A because the key word is manufacturing and that means Mark is building something he visioned. So, the business he started although small inspired enough people to work for what he envision. B, C, and D are wrong because it does not hint or say in the question about any of those answer choices.
There are many disadvantages of investing in real estate and one of it is A) Investors need expert help.
<h3>What is Real estate?</h3>
The investment in property is known as real estate investment. There are many investors who invests in such assets, and earn rentals and capital gains.
The investment in real estate needs expert advice as the person who is the advisor should have the market information so that the perfect price can be quoted in order to purchase or sell an asset.
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