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Softa [21]
3 years ago
7

On August 1, 2021, Turner Manufacturing lends cash and accepts a $24,000 note receivable that offers 4% interest and is due in n

ine months. How would Turner record the year-end adjustment to accrue interest in 2021? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
A. Interest Revenue 476
Interest Receivable 476
B. Interest Receivable 960
Interest Revenue 960
C. Interest Receivable 476
Interest Revenue 476
D. Interest Receivable 400
Interest Revenue 400
Business
2 answers:
dolphi86 [110]3 years ago
6 0

Answer:

credit interest receivable200. debit interest revenue 200

Explanation:

jonny [76]3 years ago
3 0

Answer:

Note amount: $6,000

Interest amount: 8%

Months left in the year: 5

To solve:

Multiply the note amount by the percentage and the amount of months left out of the year.

$6,000 x 8% x 5/12 = $200

Journal Entry:

Interest Receivable $200

Interest Revenue $200

Explanation:

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La página web = la página<br>O<br>A. clic<br>OB. red<br>O<br>C. navegador<br>D. electrónica​
dedylja [7]

Answer:

d

Explanation:

electronica means electronic. i hope i helped u, have a nice dat

4 0
3 years ago
Read 2 more answers
Lawn Chopper Company sells two types of lawn mowers. The first one is a basic lawn mower, which has variable costs of $50 and se
Temka [501]

Answer:

See below

Explanation:

Breakven even point is computed as

= Fixed costs / ( Sales price per unit - Variable costs per unit)

For basic lawn mower, Given that;

Fixed cost = $5,000,000

Sales price per unit = $150

Variable costs per unit = $50

BEP = $500,000 / ($150 - $50)

BEP = $500,000 / $100

BEP = 5,000 units

For Riding tractor, given that;

Fixed costs = $500,000

Sales price per unit = $1,500

Variable cost per unit = $500

BEP = $500,000 / ($1,500 - $500)

BEP = $500,000 / $1,000

BEP = 500 units

It therefore means that 5,000 units of basic Lawn mower must be sold to break even, while 500 units of riding tractor must be sold to break even.

7 0
3 years ago
If Ana considers cake a substitute for Top Ramen noodles, and her quantity demanded for Top Ramen goes from 30 to 40 packets eve
kondaur [170]

Answer:

$0.35

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

So, Change in quantity demanded would be

= Q2 - Q1

= 40 - 30

= 10

Now, Average of quantity demanded

= (40 + 30) ÷ 2

= 35

Change in price

= P2 - P1

= $35 - $15

= $20

And, the average of price would be

= ($35 + $15) ÷ 2

= $25

Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)

= 0.28 ÷ $0.8

= $0.35

5 0
3 years ago
Luke is the type of leader that concentrates on relationships as he leads and not just tasks. According to fiedler’s contingency
elena55 [62]

Luke is the type of leader that concentrates on relationships as he leads and not just tasks. Luke is an LPC type of leader.

Option A high - LPC leader.

Fiedler's Contingency Theory of Leadership is a good reminder that leadership isn't a one-size-fits-all approach. It's possible that just because your team isn't functioning as well as it should, you aren't a competent leader. Instead, your natural leadership style might not be the best fit for your team's current demands.

You are more relationship-oriented if you rank your least favorite coworker positively on a range of different parameters. You are more task-oriented if you judge them less positively on the same criteria.

Essentially:

You're a relationship-oriented leader if you have a high LPC rating.

You're a task-oriented leader if you have a low LPC.

Building relationships, creating team cohesion, and managing interpersonal conflict are all skills that relationship-oriented leaders excel at. Task-oriented leaders are good at coordinating projects and teams to get things done quickly and efficiently.

Disclaimer: The question was incomplete. Please find the full content below.

Question: Luke is the type of leader that concentrates on relationships as he leads and not just tasks. According to Fiedler’s Contingency Model, Luke is what type of leader?

A) A moderate-LPC leader

B) An adequate-LPC leader

C) A high-LPC leader

D) A low-LPC leader

Learn more about relationships at

brainly.com/question/10286547

#SPJ4

3 0
2 years ago
Purchasing power parity (PPP): a. almost never holds completely. b. is as commonly accepted as the law of demand. c. is a reason
Ahat [919]

Answer:

The correct answer is letter "D": represents the universality of exchange rate systems.

Explanation:

Purchasing Power Parity or PPP compares different countries' currencies through a market's basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate is priced the same in both countries. PPP currency rates are considered more accurate than market-exchange rates.

4 0
3 years ago
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