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Lady bird [3.3K]
3 years ago
13

Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on

December 31, to record the accrued interest on the note
Business
1 answer:
kolbaska11 [484]3 years ago
3 0

Answer:

The answer is

Dr: Notes Receivable $4,800

Dr: Interest Receivable $120

Cr: Sales $4,920

Explanation:

The yearly interest rate is 10%

So the interest rate for 90 days(assume 360 days make a year?

90/360 x 10%

2.5% is the interest rate for 90 days.

The interest payment for 90 days will be;

2.5% x $4,800

= $120

The entry will now be:

Dr: Notes Receivable $4,800

Dr: Interest Receivable $120

Cr: Sales $4,920

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cestrela7 [59]

Answer:

I think they are interested because partially social media influencers have a younger audience so when they see their "idol" promoting such and such there more like to want it, Also  They can lend luxury brands a voice of authenticity and have the potential to produce original brand materials.

Explanation:

Because everyone thinks they can have it because an influencer got one

        Hope this helps :)

7 0
2 years ago
Next year's pro forma statement is based on an annual increase in sales of four percent. The firm is currently operating at 85 p
ELEN [110]

Answer: a) total assets will increase by less than four percent

Explanation:

Since the tax rate and the dividend payout ratio are fixed, and you have net working capital and all costs varying directly with sales, the total assets will increase by a value that is less than the annual increase in sales.

7 0
3 years ago
Time Remaining 1 minute 56 seconds00:01:56 Item 1Item 1 Time Remaining 1 minute 56 seconds00:01:56 You Save Bank has a unique ac
Amanda [17]

Answer:

Future value = 16007.81437

Explanation:

we have to compound all the rates for the time period together as the 7,750 as exposed to this rate and their interest generated in one period are taking into consideration for the subsequent period interest calculations.

7,750 (1.06)^3(1.066)^2(1.073)^6 = FV

We multiply them and get the future value factor:

7,750 \times 2.065524435 = FV

we now can solve for future value:

Future value = 16007.81437

6 0
3 years ago
A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how
maria [59]

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

3 0
3 years ago
You work on the marketing team for a software development company. You have sales representatives in different locations around
seropon [69]

Answer:

b. a wiki

Explanation:

A Wiki is an electronic communication tool that works with resources similar to a website, but with the differential of the possibility of jointly editing authorized users while accessing the content, for updates, implementation of new information, resources, etc.

This tool would be essential for the marketing team with global sales representatives, because through it it would be possible to demonstrate the new resources through the sharing of information and exclusive materials made available through the wiki that can be accessed from any location and at any time.

4 0
3 years ago
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