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LUCKY_DIMON [66]
3 years ago
12

Global​ Enterprises, Inc. signed a one - year $ 47,000 note payable at 6​% interest on April​ 1, 2018. If Global only adjusts it

s accounts once a year at yearminus​end, how much interest expense was accrued on December​ 31, 2018?​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest whole​ number.)
Business
1 answer:
podryga [215]3 years ago
5 0

Answer:

$2,115

Explanation:

Given that

Note payable amount = $47,000

Rate of interest = 6%

The computation of the interest expense is shown below:

= Note payable × number of months ÷ total number of months in a year × rate of interest

= $47,000 × 9 months ÷ 12 months × 6%

= $2,115

The 9 months is calculated from April 1, 2018 to December 31, 2018

Hence, the accrued interest expense is $2,115

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Answer:

B. coordination problem under central planning.

Explanation:

As the word coordination is defined as the course of time under which everything moves in synchronization, under this, every thing shall happen at the right time, with the right quality, at the right place.

This is what we call coordination.

Under central planning also the company and the management focuses that all things and processes are coordinated and accordingly all the acts are justified.

3 0
3 years ago
Palmona Co. establishes a $150 petty cash fund on January 1. On January 8, the fund shows $61 in cash along with receipts for th
saveliy_v [14]

Answer:

Palmona Co Journal entries

1.

Jan-01

Dr Petty cash 150

Cr Cash 150

2.

Jan-08

Dr Postage expense 35

Dr Merchandise inventory 14

Dr Delivery expense 16

Dr Miscellaneous expenses 24

Cr Cash 89

3. Jan-08

Dr Postage expense 35

Dr Merchandise inventory 14

Dr Delivery expense 16

Dr Miscellaneous expenses 24

Cash 89

4.

Jan-08

Dr Petty cash 300

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Cr Cash 300

Explanation:

1. To establish petty cash fund

2.To record reimbursement

3.To record reimbursement

4. To record increase in fund balance from 150 to 450

6 0
3 years ago
Why is personal finance dependent upon your behavior?
AfilCa [17]

Personal finance depends on your behavior because you are the manager of your financial resources, so it is necessary to carry out personal planning of your finances.

Personal financial behavior can be measured by six dimensions, which are:

  1. Emergency funds
  2. Indebtedness level
  3. Savings rates
  4. Asset diversification
  5. Retirement Preparation
  6. Wealth distribution

Personal finances are directly impacted by our behaviors and decisions. Some of these behaviors are subconscious and difficult to identify, but they should be analyzed in case they negatively influence your finances.

Therefore, financial planning is essential to use your financial resources consciously and in accordance with your goals.

Learn more about personal finance here:

brainly.com/question/2961383

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Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two
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Answer:

Insider Trading

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These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.

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3 years ago
A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same
swat32

Answer:

a monopoly

Explanation:

6 0
4 years ago
Read 2 more answers
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