Answer:
The answer is C.
Explanation:
The year is 360 days.
Annual rate is 9%
Therefore, interest rare for the 120-day is 3%[(120/360) x 9%]
So, the interest on the rate is:
3% x $20,000
$600.
The total amount collected from Dark Co. will be principal + interest
$20,000 + $600 = $20,600
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have:
Dr Cash $20,600
Cr: Receivable $20,000
Cr: Interest Revenue $600.
Answer:
a moving target in a competitive world
Explanation:
Armand Feigenbaum was widely known as an American quality control expert, who in his book, titled "Total Quality Control" suggested that quality is a productive system for incorporating the product and service development, quality sustenance and development actions for the purpose of providing products and services at the largely inexpensive degrees, which give full customer satisfaction.
He concluded that quality and accordingly customer value judgments are a moving target in a competitive market.
Therefore, For Feigenbaum, quality criteria always constitute "a moving target in a competitive world."
Answer:
$239,060
Explanation:
The computation of the net income distributed to Carr as follows;
<u>
Particulars Carr Mason net income distributed Non-allocated </u>
Net income $442,000
Salary
allowance $42,000 $42,000 $400,000
Interest
on capital $4,410 $10,290 $14,700 $385,300
left amount $192,650 $192,650 $385,300 $0
Net income $239,060
Answer:
Occurs when a company issues bonds with a contract rate less than the market rate.
Explanation:
As we know that
The premium on bond payable arise when the company issued the amount more than the face value amount this result in high interest rate as compared with the market interest rate
While on the other hand, the discount on note payable arise when the issued amount is less than the face value that results in low interest rate as compared with the market interest rate
Hence, the first option is correct
Answer:
Option "D" is the correct answer to the following question.
Explanation:
A corporation's physical resources describe as all the measurable and material resources a company holds and uses, including land, production equipment, and electrical equipment and all tangible goods, buildings, furniture, land all include in physical resources.
In the following case, the new distribution facility is a physical resource for Amazon.