1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lara31 [8.8K]
3 years ago
10

On January 1, Parma, Inc. borrowed $100,000 cash from First National and issued a two-year promissory note in that amount. Inter

est of $5,000 was payable semiannually on June 30 and December 31. Which account will be debited when Parma records the entry relating to each of the four interest payments
Business
1 answer:
crimeas [40]3 years ago
4 0

Answer:

Interest expense account

Explanation:

In accounting, interests paid on loan, promissory or any other forms of loan written off to the income statement as an expense in the period in which they are incurred.

Therefore, the interest expense account will be will be debited when Parma records the entry relating to each of the four interest payments. The other leg of the account is to credit the profit and loss account to complete the record.

You might be interested in
A young professional wishes to have $730000 in her retirement account. She invests $900 monthly in the account which earns 11.5%
Vikki [24]

Based on the amount that she invests monthly, the interest rate, and the targeted retirement amount, the number of payments would be 42 payments.

<h3>How many payments should the young professional make?</h3>

The number of payments will be the same as the number of months/ periods because that is the frequency of payment.

The number of payments can therefore be found by the NPER formula on a Spreadsheet:

Rate = 11.5%

Pmt = -900

PV = Empty

FV = 730,000

Number of payments is:

= 41.76

= 42 payments.

Find out more on number of periods of payments at brainly.com/question/6819835.

5 0
2 years ago
People are going to be different. The focus of managers should be to ________. Group of answer choices make sure the practices w
Solnce55 [7]

Answer:

find ways to develop strong relationships with and engage the entire workforce.

Explanation:

People are going to be different. The focus of managers should be to find ways to develop strong relationships with and engage the entire workforce.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

5 0
3 years ago
Shelton, Inc., has sales of $20 million, total assets of $18.2 million, and total debt of $9.1 million. Assume the profit margin
Verizon [17]

Answer:

$1,800,000

Explanation:

Shelton incorporation has sales of $20,000,000

Total assets is $18.2 million

Total debt is $9.1 million

Profit margin is 9%

Therefore the company net income can be calculated as follows.

= sales × profit margin

= 20,000,000 × 9/100

= 20,000,000 × 0.09

= 1,800,000

Hence the company net income us $1,800,000

3 0
3 years ago
A datacenter recently experienced a breach. When access was gained, an RF device was used to access an air-gapped and locked ser
alex41 [277]

Answer:

a. Faraday cage

Explanation:

Faraday cage -

It refer to as a shield which helps to block any electromagnetic fields , is referred to as faraday cage .

It is also known as Faraday shield .

In a Faraday cage , a mesh or covering conductive material is added to block any electromagnetic field .

Hence , from the given information of the question ,

The correct answer is a. Faraday cage .

5 0
3 years ago
Anyone there PLAESe responed
Eva8 [605]

Answer:

I'm on here most of the time.

Explanation:

If you'd like, I'll try to answer all of your questions! Just give me the word. :)

8 0
3 years ago
Other questions:
  • The Hawkins Supply company is currently faced with an inventory rotation problem. This difficulty stems from the fact that some
    6·1 answer
  • How much times 4 can co go to '80?
    6·1 answer
  • Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials t
    15·1 answer
  • What is not part of maturity?
    14·2 answers
  • The initial step in channel stewardship is mapping the channels of a given industry. It calls for analyzing four major forces th
    7·1 answer
  • Heidi purchases an original work by one of her favorite sculptors
    7·1 answer
  • As a general rule what percentage of debt to gdp
    13·1 answer
  • What the Business ethics<br> About USA
    9·1 answer
  • What would be the price of a perpetuity bond that has a $100 interest payment and a 4% yield?
    10·1 answer
  • January 12, purchased supplies for cash, to be used all year, $3,850; December 31, physical count of remaining supplies, $850
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!