Answer:
The amount of interest paid is $ 1,500.
Explanation:
Given that Perry Mazza wants to borrow $ 30,000 from the bank, and the interest rate is 5% and the term is for 5 years, to determine what is the amount of interest paid, the following calculation must be performed:
(30,000 x 5) / 100 = X
150,000 / 100 = X
1,500 = X
Therefore, the amount of interest paid is $ 1,500.
Answer:
Preparation of the journal entry that Jervis should make on June 28 to record the deposit
Dr Cash ($5,800 - $261) $ $5,539
Dr Credit card expense ($5,800 X 4.5%) $ 261
Cr Sales $5,800
(5,539+261)
Explanation:
Since Jervis assesses a 4.5% charge on sales for using its card in which On June 28, he had $5,800 in NB Card credit sales this means we have to Debit Cash with $5,539 ($5,800 - $261) and as well Debit Credit card expense with $261 ($5,800 X 4.5%) while we Credit Sales with $5,800 (5,539+261)
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Answer and Explanation:
The Journal entry is shown below:-
Accounts payable Dr, $54,000 ($60,000 - $6,000)
To Inventory , $1,080 ($54,000 × 2%)
To Cash $52,920
(Being cash paid for accounts payable is recorded)
Here we debited the inventory as it increased the current assets and we credited the cash and account payable as it decreased the current assets and increased the current liabilities.
Answer:
Production deviance
Explanation:
Deviance is the word which is defined as any kind of behavior which violates the cultural norms or the rules.
Production deviance is the term which is described as the behavior which violates the formally prescribed norms or the rules of the business or the organization, in respect to the minimal quality and the quantity of the work to achieve as part of a single job.
So, the production deviance is the one which is made up of the behaviors which focus on decreasing the efficiency of the work output.
