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SVEN [57.7K]
3 years ago
5

Great Adventures obtains a $30,000 low-interest loan for the company from the city council, which has recently passed an initiat

ive encouraging business development related to outdoor activities. The loan is due in three years, and 6% annual interest is due each year on July 31. Record the appropriate journal entry.
Business
1 answer:
Tju [1.3M]3 years ago
7 0

Answer:

The journal entry at the time when great adventures obtains the $30,000 loan is:

Account Title                       Debit            Credit

Cash                                     30,000

Notes Payable                                          30,000

The interest accrued at the end of each month would be:

30,000 * 6% = 1,800/12 = $ 150

Interest entry would be made at the end of each month to record the interest expense.

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Savatey [412]

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

5 0
3 years ago
At the Bourg Company, a primary ______ is to increase the monthly revenue by 10%. Bourg considers revenue targets a key part of
mr_godi [17]

Considering the subsequent description given in the question, At the Bourg Company, a primary <u>sales goal</u> is to increase the monthly revenue by 10%.

This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from <u>sales</u>.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a <u>sales goal.</u>

<u>Sales goal</u> is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "<u>sales goals."</u>

Learn more here: brainly.com/question/23162020

6 0
3 years ago
Investigative people will make good scientists. True or False. (Career Explorations Final Exam)
skelet666 [1.2K]

Answer:

True

Explanation:

I believe this statement has to be true.  My reasoning behind this is that most people who have an investigative personality then they could become Forensic scientists.  This a very good job if you like investigating and a crime to help track some criminal down by clues and discover what kind of person has done this crime.

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5 0
3 years ago
Read 2 more answers
A company has a net cash inflow from operating activities of $793,000, a net cash outflow of $58,000 from investing activities a
IRINA_888 [86]

Answer:

Incorrect Statement about the Statement of Cash Flows:

c. The cash dividends of $201,000 paid will be reported as a cash outflow in the cash flow from investing activities section.

Explanation:

Cash dividends of $201,000 will be reported as a cash outflow in the financing activities section and not the investing activities section.

Statement of Cash Flows is broadly divided into three, the operating, investing, and financing activities sections.  The operating activities section show the cash flows from the normal business of the enterprise.  The investing activities section shows the acquisition and disposal of investments made by the company in cash.  While, the financing section shows the inflow and outflow of cash resulting from the funding of the business by stockholders and noncurrent creditors.

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3 years ago
Do businesses receive a water grant?​
Sergio039 [100]

Answer:

Energy and Water funding is a crucial part of the UK government’s carbon emissions responsibility. Finding new ways of funding lower emission energy systems for business is one of the ways that the UK are pushing forward.

Water Capital Grant Scheme

The Water Capital Grant Scheme provides funding of £10 Million to applicants from the farming community, from the land management community and from the agricultural community to deal with water management which is a key issue in the industry. Those running businesses in these areas are able to avail of this scheme and create in-roads in water management.

This is designed to provide support to water management, and will provide £10,000 in a water capital grant to help carry out works which will improve water management and quality. The real focal point of the grant is to improve waterlines around agricultural industry and to reduce the impact of agriculture on the water quality of the surrounding area. The funding is for new projects which will help to move toward this goal, and applicants are able to apply for this through Natural England.

The Water Capital Grants scheme works in accordance with the woodland capital grant scheme, which creates the first of the new Stewardship Scheme from the government. This scheme will be committing £900 million to working with natural resources and protecting and benefiting the resources in the environment. Applicants to this scheme can avail of grant funding to really bring water usage in their business to a better level.

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installing biobeds

preventing livestock access to watercourses by erecting watercourse fencing

providing drinking troughs as an alternative to watercourse drinking for livestock

relocation of sheep dips and pens

roofing of sprayer washdown areas, manure storage areas, livestock gathering areas, slurry stores and silage stores

Funding will be competitive with grants awarded to applications that best meet the scheme’s priorities and have the greatest environmental benefit.

The new water grants build on the successful Catchment sensitive farming initiative, which between 2013 and 2016 helped over 6,200 farms across the country benefit from a total of £72 million in grant funding to improve water quality and reduce pollution from agricultural activity. The water capital grants scheme under Countryside Stewardship will be managed and delivered through Catchment Sensitive Farming in 2018.

Work funded by the Catchment Sensitive Farming grant scheme over recent years has already brought efficiencies for thousands of farmers and has enhanced local environments throughout England by improving water quality.

Explanation:

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