Answer:
Interest expense --------$1,500
Interest payable-------------- $1,500
Explanation:
Given the following ;
Amount of note signed = $75,000
Annual interest rate = 12% = 0.12
Date signed = November 1
Calculate interest expense to be made in the adjusting entry by December 31 :
NOTE: No entries have been made previously for the interest expense
Monthly Interest = (Amount × rate) ÷ 12
Monthly interest = ($75,000 × 0.12) ÷ 12
Monthly interest = $9000 ÷ 12 = $750
November 1 to December 31 = 2 months
$750 × 2 = $1500
Interest expense = $1,500
Complete Question:
Context, content and culture are:
O Important ethical concepts
O Important marketing concepts
O Corporate ethics policy
O Three dimensions of evaluating corporate gifts.
Answer:
Context, content and culture are:
O Three dimensions of evaluating corporate gifts.
Explanation:
Corporate gifts may turn out to be regarded as bribery if they are meant to induce the other party to alter their behaviors. This is why in evaluating corporate gifts, the criteria have always included the context (the circumstances in which the gifts are given), the content (how much is given), and the culture (the accepted general practice in a particular industry, locality, or region). Generally, corporate gifts are given either as means of showing appreciation, creating positive first impression, or returning some favors.
Answer: The correct answers are,
A)Civil Engineer 5)designs and oversees a large construction
process
B)Logging Equipment Manager 6categorizes trees based
on their knot size, straightness, and other characteristics
C)Energy Auditor 4)reduces the amount of energy homeowners and companies use
Explanation:
Answer:
The correct answer is letter "D": All of the answers are correct regarding a petty cash fund.
Explanation:
Petty cash funds are sums of money that are useful for businesses to take care of small payments. These payments are too low to allow a check to be written for payment. In some businesses, each department maintains its own small cash box for expenses such as office supplies per unit.
For accounting purposes, transactions involving petty cash are documented only when the petty cash was totally spent and a new fund is to be created and recorded with a voucher.
