Answer:
make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.
Explanation:
Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.
In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.
The amount accrued since last interest payment date is calculated.
This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.
Answer:
C) the competitive-parity method
Explanation:
Based on the scenario, it can be said that the method of promotional budgeting that the owner wants to use is known as the competitive-parity method. This method basically describes taking the total budget amount that a competitor is allocating towards marketing and spending that exact same amount for your own company's marketing.
It implies that you don't have to give up on your unachievable objectives or lofty aspirations. You should have big dreams. You must go to work.
<h3>What exactly does it mean to "construct castles in the air"?</h3>
ideas with an extremely slim possibility of success. Your effort need not be lost if you have constructed castles in the sky; that is where they belong. Place foundations beneath them now. Henry David Thoreau, to wit. These statements have a powerful impact on both young adults looking for their place in the world and adults who have found their position but are unsure of what to do next.
<h3>Why shouldn't we erect castles in the sky?</h3>
Complete Resolution. The right response, which is dream, is option 3. Build castles in the air is a slang expression for making unattainable, impractical, or very improbable goals or dreams.
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Answer:
Manufacturing overhead was over-applied by $15,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $274,000
Explanation:
Under / over applied manufacturing overhead = Applied Manufacturing overhead - Actual Manufacturing overhead
Over-applied manufacturing overhead = $74,000 - $59,000
Over-applied manufacturing overhead = $15,000
Cost of Goods Sold = $289,000 - $15,000 = $274,000
Manufacturing overhead are over-applied by $15,000 and cost of goods sold is $274,000.
0.0466 It should be negative 0.0466. Calculation of annual holiday.
A holiday is a day established by custom or law on which normal activities, especially work, including business or school, are suspended or restricted. In general, holidays are for individuals to celebrate or celebrate an event or tradition of cultural or religious significance.
Holidays may be determined by governments, religious organizations or other groups and organizations. The extent to which the normal operation of the holiday is restricted may vary depending on local laws, customs, the type of work performed, or personal choice.
The term holiday is commonly used in connection with religious customs and traditions.
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