1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
2 years ago
15

Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb

er​ 31, 2015?
a. no entry is needed.
b. debit interest receivable for​ $500 and credit interest revenue for​ $500
c. debit interest receivable for​ $1,000 and credit interest revenue for​ $1,000
d. debit interest receivable for​ $100 and credit interest revenue for​ $100
Business
1 answer:
Ket [755]2 years ago
7 0
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
</span>
You might be interested in
When regulators engage in microprudential regulation, they focus on
Kay [80]

Answer:

A.

Explanation:

Microprudential regulations refers to making sure that the balance sheets or "books" of individual institutions are robust to shocks. Meaning that the regulators that usually engage in this  are focusing  on the safety and soundness of each customer of a financial institution, by making sure the institutions do not close and the customers lose their money.

3 0
3 years ago
Which stakeholder offers material resources or intangible knowledge that helps a firm operate effectively and efficiently? emplo
ivolga24 [154]

Answer:idk man

Explanation:thats alot

7 0
2 years ago
The fed can increase the federal funds rate by
Stella [2.4K]

The answer is selling Treasury bills, which decreases bank reserves. The government securities that are used in open market processes are Treasury bills, notes or bonds. If the FOMC needs to grow the money supply in the economy it will acquire securities. On the other hand, if the FOMC wants to decrease the money supply, it will vend its securities.

5 0
3 years ago
When you delete an e-mail in Gmail, where is it moved to?
antoniya [11.8K]
It is added to your trash


6 0
2 years ago
Read 2 more answers
A wealthy benefactor just donated some money to the local college. This gift was established to provide scholarships for worthy
Mariulka [41]

Answer:

Worth of scholarship today =  $1,000,000

Explanation:

<em>The value of the scholarship can be determined using the present value of a growing perpetuity. A growing perpetuity is an indefinite annual payment that increases by a constant percentage.</em>

<em>The applicable formula is given below;</em>

<em>PV = A/r-g</em>

A-annual payment  one year from now - 35,000

r- interest discount rate - 9.,

g- growth rate - 5.5

The value of the gifts today

= 35,000/(0.09-0.055)

= $1,000,000

5 0
3 years ago
Other questions:
  • In appellate procedures, each party files a(n) _____ that contains a short description of a case, a factual summary, legal point
    9·1 answer
  • If the market rate of interest is 6 percent, what is the present discounted value of $1,000 that will be paid in
    14·1 answer
  • The distinction among managers in terms of authority and responsibility is expressed as chain-of-command.
    11·1 answer
  • One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per
    6·1 answer
  • Crawford Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has risen. Crawford elected
    11·1 answer
  • How much of a person's income should go to charities?
    13·1 answer
  • Which of the following is still primarily a bricks-and-mortar industry?
    5·1 answer
  • Swift Co. produces footballs. It incurred the following costs this year: Direct materials $35,000 Direct labor 31,000 Fixed manu
    13·1 answer
  • Zimmerman Corp. had 1,500 units of part M.O. on hand May 1, 2020, costing $21 each. Purchases of part M.O. during May were as fo
    9·1 answer
  • Which of the following is considered the most likely source of cyberattacks, based on a poll of global executives, information s
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!