Answer:
The answer is A) $488 000
Explanation:
The current carrying amount of the batting cage is $30 000 ( 225000 - 195000 ). Although the cage is only being traded in for $12000. The $18000 is regarded as loss to the company trading in the batting cage.
The value of the boot is therefore the amount of batting cage acquired less the trade in value of $ 18000. We thus get to an amount of $ 488000
Answer: Debit Interest Expense and credit Interest Payable, $1,800
Explanation:
The amount of time that has elapsed between the 1st of November and the 31st of December is 2 months.
This means that the interest over the last 2 months has to be calculated and recorded on the 31st of December.
Bear in mind that the 9% is an annual interest rate figure and so when calculating the interest, you must adjust for the amount of months in the year.
Interest owed for 2 months is,
= 9% * 2/12 (2 months have elapses out of 12 months in the year) * $120,000
= $1,800
Interest owed is $1,800.
The correct entry will therefore be,
Dec 31
DR Interest Expense $1,800
CR Interest Payable $1,800
( To record interest payable on note)
Answer: C. Favorable endorsements from customers' peers
Explanation: Fine and funky's objective to build trust and loyalty among its target group (women aged 35-55 years) will only be achieved within it's target group. Hence, getting a favourable endorsement from her customers' peers will help her achieve this.
Under the new form of republican government in spain, the nobility lost position and may possessions. Nobility people are the people who are associated and belong to a noble class in a place or let us say in a country in which most have a hereditary life and other a honorary life is what they have.
Accomplished, Achieved, Active in, Awarded, Assisted, Broadened, Built, Chaired, Championed, Completed, Delegated, Distinguished, Enacted, Enhanced, Facilitated, Formulated, Graduated, Granted, Handled, Helped, Implemented, Improved, Increased, Initiated, Joined, Kept, Led, Licensed, Managed, Mastered, Navigated, Netted, Obtained, Outlined, Performed, Placed, Qualified, Received, Recorded, Secured, Served, Taught, Trained, Understudied, Undertook, Verified, Volunteered, Widened, Worked.
Hope these help!!!
