Answer:
a. Interest Expense 6,000 Interest Payable 6,000
Explanation:
Adjusting entries are accounting journal entries that convert a company's accounting records to show when the money changed hands and to convert your real-time entries to entries that reflect your accrual accounting system.
In Allenson Brick Company, the accrued expenses entry is made to record interest expense in the year that has not been paid yet by the entry:
Interest Expense 6,000
Interest Payable 6,000
I'm confused. is there any information that I can read.
Answer:
both measures that can be used to measure standards of living because they are both measures of how much money people have.
Explanation:
I hope this helped
Answer:
a. The implied monthly discount rate for the rent is 0.843% (10.115%/12)
b. He should pay by month because he will earn 1.5% on his savings and pay 0.843% interest monthly.
Explanation:
a) Monthly payments at the start of the month = $1,300
One-time payment at the beginning of the lease = $14,778
Present Value 14778
Residual Value 0
Lease Term 0 years 12 months
Monthly Payment 1300
Result
Interest/Return Rate 10.115%
Total of 12 Monthly Payments $15,600.00
Total Interest $822.00
If Reg is earning 1.5% on his savings monthly, he will earn $21,957:
Annuity factor for 12 months at 1.5% = 16.89
Total of Reg's savings at the end of 12 months = $21,957 ($1,300 * 16.89)
Decision makers are unlikely to take your report seriously when you make recommendations that are not explicitly linked to facts and conclusions.
When someone is reviewing your report, analysis or thoughts on a new product launch or anything involving a new concept/innovating there needs to be factual information provided to prove your reasoning. It's hard to invest and for a decision maker to back up your cause when there is no way to prove the information you are providing is true and accurate.