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steposvetlana [31]
4 years ago
8

On October 1, Callison accepts a 5-year interest bearing note receivable for $1,000. The note bears interest of 12%. Both princi

pal and interest are received at maturity. The journal entry required on December 31, Year 1, to accrue interest will include:_______
Business
1 answer:
den301095 [7]4 years ago
5 0

Answer:

Dr Interest Receivable $30

Cr Interest Revenue $30

Explanation:

Based on the information given we were told that Callison accepts an interest bearing note receivable for the amount of $1,000 in which the note has the interest of 12%,This means that journal entry on December 31, Year 1, to accrue interest will include:

Dr Interest Receivable $30

Cr Interest Revenue $30

Calculated as :

Accrued interest =12%×$1,000×(3/12)

Accrued interest=$30

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Match the statistics with the relevant phrase, according to information in the Washington Post article Oil Prices Have Nosedived
nikdorinn [45]

Answer:

1   33% ->decline in the jet fuel price December 2013 to December 2014

2. 50%->decline in the oil prices from the year 2014 peak level.

3. 60% ->decline in the oil prices from the year of 2014 peak level.

Explanation:

In the given question the percentage is not given in the option .Following are the percentage 60%,50%,33% which we have to match .

The price in the oil of the Washington  are gradually increases in the level to the level .

  • The Washington article of the oil prices  in Nosedived. are  33% decline in the jet fuel price of the year  December 2013 to December 2014 that's why Airfares are not doing the Same price in it.
  • The Washington article of the oil prices  in Nosedived. are 50% decline in the oil prices from the year of 2014 peak level.  that's why Airfares are not doing the Same price in it.
  • The Washington article of the oil prices  in Nosedived. are  60% decline in the oil prices from the year of 2014 peak level. that's why Airfares are not doing the Same price in it.

3 0
3 years ago
Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectivel
Illusion [34]

Answer:

$44,800

Explanation:

For computation of capital balance we need to find out first total capital, shares, gain and Orton shares which is shown below:-

Total capital = $60,000 + $40,000 + $20,000

= $120,000

Shares = Total capital × Interest rate

= $120,000 × 0.10

= 12,000

Gain = Investment - Shares

= $20,000 - $12,000

= $8,000

Orton Shares = Gain × 3 ÷ 5

= $8,000 × 3 ÷ 5

= $4,800

Capital = Given capital balance + Orton Shares

= $40,000 + $4.800

= $44,800

So, We have applied the above formula.

5 0
3 years ago
Railroad companies controlled by J. P. Morgan sometimes issued watered stock, a practice that Question 11 options: a) kept inves
Katena32 [7]

Answer:

A) kept investors happy but caused overcapitalization and debt for the railroads.

Explanation:

When a firm issued watered stock, it means that they are issuing the stock with an artificially high par value. Watered stocks were a type of fraud related to the sales of stocks with an absurd par value. You have to remember that back then, railroad companies were huge and extremely powerful, monopolies were common and information was scarce and generally manipulated. By issuing stocks with a very high par value investors were tricked into believing that the company was actually worth much more that its real value. Very few people dared to oppose the industry giants and most tried to earn money by using the same dirty tricks.

6 0
3 years ago
*WILL AWARD BRAINLIEST*
GenaCL600 [577]

Answer:

a

Explanation:

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Jobisdone [24]

Answer:

1- selma

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3 years ago
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