2016 may 1 Debit Notes Receivable $5,300
Credit Accounts Receivable $5,300
2016 dec 31 Debit Interest Receivable $106
Credit Interest Income $106
2017 may 1 Debit Cash $5,459
Credit Notes Receivable $5,300
Credit Interest Receivable $159
Answer:
In this scenario, Smith Bus should be excused from performance under the doctrine of commercial impracticability
Explanation:
The idea that people like to save more money at higher interest rates and do not like saving as much money at lower interest rates results in a upward sloping supply curve in the loanable funds market.
Interest is charge from a borrower or deposit-taking monetary institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. it is wonderful from a rate which the borrower may additionally pay the lender or some 1/3 birthday party.
Interest is the rate you pay to borrow cash or the price you rate to lend cash. interest is most usually reflected as an annual percentage of the amount of a loan. This percent is called the hobby fee on the mortgage.
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Answer:
$2,700
Explanation:
The $2,700 would be deducted in the current year as it reflects the share of the income from different limited partnerships.
The invested amount, risk amount, limited partnership loss, dividend income is not be considered for the computation part is we have to find out that amount which is deducted. These items are irrelevant. Hence ignored it
.
Larry should be deducted up to its sharing income. So, we consider only $2,700
The correct answer would be feedforward control. It is a control type where the process flows in the direction from the input or the raw materials to the output or the products. It regulates the input ensuring that the product meets the requirements or the standard.
