They can fit more cargo or people, but are often more costly.
Answer:
Explanation:
The journal entries are shown below:
Cash A/c Dr $55,000,000
To Notes payable $55,000,000
(Being note payable issued for cash)
Interest expense A/c Dr $1,787,500
To Interest payable A/c $1,787,500
(Being interest recorded)
The interest expense is computed by
= Borrowed amount × interest rate × number of months ÷ (total number of months in a year)
= $55,000,000 × 13% × (3 months ÷ 12 months)
= $1,787,500
The 3 months is computed from the October 1 to December 31
The most common type of government in a county is a <u>county</u><u> commission,</u> which is a form of local government in which a county is administered by a board of commissioners.
What does Country Commission mean?
Country Commissions are frequently governmental bodies or agencies established to manage, oversee, and/or regulate the activities and operations of a specific country. These commissions may be in charge of overseeing areas of national importance such as trade, finance, industry, energy, transportation, and communications. They may also be in charge of enacting and enforcing regulations and laws.
What does Law mean?
Law is a set of rules and guidelines that are enforced through social institutions to govern behaviour, with the exact definition varying from society to society. In general, law is a set of rules that are enforced through a court system and other government institutions to regulate behaviour. Legislators can create laws through legislation, or judges can create precedent, and they can apply to individuals or groups.
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Answer:
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