Answer:
Interest Expenses $35,640, Interest payable $35,640
Explanation:
Notes payable = $594,000
Months passed till September = 9
Interest on notes accrued for 9 months = (594,000*8%*9/12) = $35,640
Adjusting Entry
Journal Entry Debit Credit
Interest Expenses $35,640
Interest payable $35,640
The should the Umbrella managers look for as they decide where to locate their BPO facilities is an abundance of well-educated English speakers.
<h3>What does well educated mean?</h3>
The term simply implies that a person of this kind of nature has a lot of knowledge about a lot of subjects, usually due to the fact that they have studied at college or university.
The speakers and writers of English who have been educated are known to be very verse in English and should be the one employed by this firm.
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Multiple Choice
large, undeveloped plots of land for greenfield projects
many uneducated workers who are highly trainable
plentiful natural resources
an abundance of well-educated English speakers
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The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting period most likely refers to companies may recognize such expenses in periods during which profits are high, as they can afford to take the hit to income, with a view to reducing the liability (the reserve) in future periods during which the company may struggle.
A liability is something that an individual or company owes, usually a monetary amount. Liabilities are settled over time by the transfer of economic benefits, including money, goods, or services.
Current liabilities are short-term financial obligations of a company that matures within one year or within the normal business cycle. The operating cycle, also known as the cash conversion cycle, is the time it takes a company to purchase inventory and convert sales into cash.
In general, mitigating the risk of legal liability requires acting lawfully and taking clear responsibility for the well-being of others (groups that include customers or clients, competitors, and the general public).
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