Answer:
Dr Salaries Payable $3000
Dr Salaries Expense $3600
Cr Cash $6600
Explanation:
Preparation of the entries to record the $6600 payment of salaries in January of the following year.
Based on the information given Appropriate journal entries to record the $6600 payment of salaries in January of the following year will be:
Dr Salaries Payable $3000
Dr Salaries Expense $3600
($6600-$3000)
Cr Cash $6600
(To record payment of salaries)
Answer:
b. searching the Internet for a deal on a new computer
Explanation:
When one is searching the Internet for a deal on a new computer, one is comparing price on different websites. Price is an example of money being used as a unit of the account as the price of something is indicated by certain units of money.
Answer:
Post-Purchase Evaluation.
Explanation:
There are five stages of purchase decision making process as given below
- Problem Recognition.
- Information Search.
- Evaluation of Alternatives.
- Purchase Decision.
- Post-Purchase Evaluation.
Since Leona has bought the product it will be post purchase act and also she is examining the taste of product, she is in the evaluation process of the product and hence she is in post purchase evaluation stage of buyer decision process.
Answer:
27%
Explanation:
The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:
i=(1+(r/m))^m−1
i= effective annual rate
r= interest rate in decimal form=0.24
m=number of compounding periods per year= 52 (a year has 52 weeks).
i=(1+(0.24/52))^52-1
i=1.27-1
i=0.27
According to this, the answer is that the actual rate being charge on these loans is 27%.
