Answer and Explanation:
1. The Journal entry is shown below:-
Notes receivable Dr, $33,000
To Sales revenue $33,000
(Being sales is recorded)
2. The computation of interest is shown below:-
Interest = $33,000 × 4% × 6 ÷ 12
= $660
3. The Journal entry is shown below:-
Cash Dr, $33,660
To Interest income $660
To Notes receivable $33,000
(Being collection of notes receivable is recorded)
Answer:
It is better for Frank, to go for a line of credit
Explanation:
It is better for Frank, to go for a line of credit, as this will enable him to have the lowest interest payment. This will also help him to draw for his services and also enable him to be repaying the in small amounts so that the operations are not affected.
Answer: a. cross-ruffing
Explanation:
Cross-ruffing coupons are coupons that are offered to a person buying a good on another good to encourage them to buy that other good as well. These are usually offered on goods produced by the same company or companies that have a relationship with each other.
They are a brilliant marketing ploy to result in one relating goods to another to boost sales. Offering a coupon on a bag of potato chips upon buying a bottle of Pepsi is there a cross-ruff coupon.
Relatively fast growth, coherence, prominent impact, and uncertainty and ambiguity.
Answer:
No
Explanation:
Wants are the items or things we desire to have. They make our lives pleasant and more comfortable. We buy wants for leisure or fun. We can live and survive without wants, although they make life enjoyable.
Unlike wants, needs are the things we require to survive. Needs include food, shelter, water, clothing, and other basic requirements for life, such as health care. While needs can be satisfied to a certain degree, human beings have insatiable wants. Care should be taken not to incur too many debts to meet one's wants. Prioritizing wants may lead to too much debt, which may end being counter-productive. As want makes lives more comfortable, too much debt causes financial distress, sadness, or even bankruptcy.