Answer:
C. Interest expense 90
Explanation:
In accrual method of accounting, expenses and revenue is recognised when they are incurred or earned and not necessarily when cash has gone out or come in.
Adjusting entries are used to recognise expenses or revenue at a particular period.
If Mama's pizza borrowed $6,000 in May 2021. Principal and interest is due in October 2021 (that is in 6 months).
The interest for the 2 months May and June will be calculated.
Accrued interest will be
I = principal* rate*time
I= 6,000* 0.09* 2/12
I= $90 for the 2 month period
False, a scalene triangle is a triangle that has no equal sides or angles. An isosceles triangle has 2 equal sides.
-Steel jelly
Answer:
8.63%
Explanation:
The expected rate of return on the bond can be determined using a financial calculator bearing in mind that the calculator would be set to its end date before making the following inputs:
N=17(number of annual coupons in 17 years)
PMT=100(annual coupon=face value*coupon rate=$1000*10%=$100)
PV=-1120(the current price is $1,120)
FV=1000(the face value of the bon is $1000)
CPT
I/Y=8.63%
EXCEL APPROACH:
=rate(nper,pmt,-pv,fv)
nper=N=17
=rate(17,100,-1120,1000)
rate=8.63%
It is true that some jobs require more training and experience than others. Also, that some jobs carry more responsibility, pay more, and have greater status.
But that doesn’t mean one job is more important than another.
In an organization, everyone matters and no one should look down upon someone for the work they are doing.
Remember, every job should be valued. And, every person should be treated with dignity and respect.
