Answer:
November 27
Dr Cash $15,750
Cr Interest Revenue $625
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Explanation:
Preparation for the necessary November 27 entry
November 27
Dr Cash $15,750
[$15,000+($15,000 × 10% × 180/360) ]
($15,000 + $750=$15,750)
Cr Interest Revenue $625
( $15,000 × 10% × 150/360),
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Note that between the month of June 30 and November 27 we would have a total of 150 days
Answer:
A. a mutual fund
Explanation:
A mutual fund -
It is a type of financial vehicle , where the money collected by the investors , is pooled and then further invested in securities , like the bonds or stock market is referred to as mutual fund .
Any investor can invest their money in the mutual funds , it is a indirect form of investing in the stock market .
The returns obtained by mutual funds are dependent on the stock market .
Hence , from the given information of the question ,
The correct option is A. a mutual fund .
Answer:
Hugo Münsterberg
Explanation:
Based on the information provided within the question it can be said that Colleen should learn more about Hugo Münsterberg. Münsterberg was a German-American psychologist who is considered to be the Father of Industrial and Organizational Psychology. This field deals with studying, analyzing, and understanding human behavior in the workplace, as well as how and why they function the way they do.
Answer and Explanation:
The effect of each transaction is shown below:-
Accounting equation
Assets = Liabilities (+) Equity
1 Jan No effect No effect No effect
2 Jan Cash -$25,000 Notes payable $75,000
Machine +$100,000
3 Jan Cash -$1,000
Machine +$1,000
5 Jan Cash -$6,000
Machine +$6,000
Here, + sign indicates the increase in amount and - sign indicated the decrease in amount.
