Answer:
Cash and cash equivalents = $20,217
Explanation:
Larkspur Company
Cash and Cash Equivalent
Transaction No. Particulars $
1. Petty Cash Fund 52
2. Treasury Bill 10,200
3. Deposit-In-Transit 255
Cash-in-Bank:
5. Checking account 3,360
6. Savings account 6,350
Total Cash & Cash Equivalent 20,217
Transaction #4. Since it did not post during April, therefore, it could not be a cash item.
Transaction #7. It is an expense.
Transaction #8. IOU is a receivable.
Answer:
C. Favorability.
Explanation:
Digital marketing can be defined as an application of a wide range of channels or medium such as mobile devices, internet, social media, software applications, search engines, and a variety of electronic channels to reach out to consumers and potential buyers.
If a brand or company is trying to repair a damaged reputation with the people it serves, its strategic efforts in digital marketing would align with favorability.
Favorability in digital marketing tends to measure the relationship between a business and its customers. The main purpose is to create affinity for a business or making customers feel positive towards a business after viewing an advert.
Answer:
$30,604
Explanation:
The computation of the interest expense for the year 2020 is as follows:
2019 interest expense is
= Equipment amount × rate of interest
= $311,967 × 9%
= $28,077
The Dec 31 2019 liability of book value is
= $311,967 + $28,077
= $340,044
Now the interest expense for the year 2020 is
= $340,044 × 0.09
= $30,604
The use of electronic mail proved to be significant in establishing communication between the firm and the consumer. Users of their product would now tell their claims and reports about its deficiencies only without going to the shop itself to solution the problems as fast as possible.
