Answer:
Debit Credit
Loan Receivable $20,000,000
Cash $20,000,000
Interest Receivable $666,666
Interest Income $666,666
Explanation:
Interest is calculated by multiplying 0.08 by 20 million and then dividing it by 2 because the loan is a 6 month loan. As Aug- Dec is 5 months we will record revenue of 5/6 of the interest.
<span>Walmart is engaged in Competitive Analysis. This involves a comparison of what Target is doing and how that may relate to or affect Walmart. This could include things such as customer experience, sales, inventory, or several various aspects of their business.</span>
Answer:
Sheldon's financial statement for year 1 would show;
Supplies inventory =
Supplies expense =
Account payable =
Explanation:
Supplies account at the beginning of the year = $1,900
Purchases during the year= $5,600
Payment during the year = $2,800
Supplies counted at the end of the year = $3,300
Supplies used in year 1 = $1,900 + $5,600 - $3,300
= $4,200
Account payable at the end of the year = $4,200 - $2,800
= -$1,400
June 18th.
The date that the buyer receives the item is not important for the credit period, which starts the day the items are send out and invoiced.
Answer:
D) The actions the Federal Reserve takes to manage the money supply and interest rates.
Explanation:
The Federal Reserve System (FED) is an autonomous government entity of the United States of America that functions like a central bank. Its main responsibilities are to manage the nation's money supply (the total amount of money in the economy) and establish federal interest rates (interest yielded by T-bills, T-notes and T-bonds).
