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Alexandra [31]
3 years ago
7

On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 da

ys.
Prepare the September 1 journal entry for Vicario.
Business
1 answer:
Tomtit [17]3 years ago
5 0

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $100,000            

     To Notes payable A/c $100,000        

(Being the issuance of the note payable is recorded)

For recording this transaction, we debited the cash account as it increases the asset and credited the note payable account as it also increases the liabilities account    

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Jason is an author who works for a variety of publishing companies. One of them recently informed him that they will no longer b
IrinaVladis [17]

Answer:

Problem focused

Explanation:

A stressor is factor the causes strain or tension for the individual that is experiencing it.

There are different strategies that is used to solve stressful situations: avoidance, emotion-focused, problem-focused, withdrawal.

The problem focused strategy involves efforts aimed at removing or reducing the cause of a stressor.

In the given scenario Jason has financial hardship that results from less need from his services.

He focused on the solving the cause of the problem by contacting the other publishers and accepting additional projects to compensate for the lost income.

4 0
3 years ago
According to the liquidity premium theory of the term structure of interest rates, if the one-year bond rate is expected to be 4
KatRina [158]

Answer:

Interest rate on the a three year bond =5.5%

Explanation:

one-year bond rate expected = 4%, 5%, 6% for the next three years

liquidity premium on a three year bond = 0.5%

number of years = 3

The interest rate on the a three year bond can be calculated as

= liquidity premium + ( summation of bond rates for the next three years/number of years )

= 0.5 + ( (4+5+6)/3)

= 0.5 + ( 15/3)

= 0.5 + 5  = 5.5%

4 0
3 years ago
Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
Troyanec [42]

Answer and Explanation:

Given:

                                 Product 1      Product 2         Product 3

Cost of product         $20                 $90                 $50

Selling price              $40                 $120                $70

Selling cost                $6                    $40                 $10

Computation:

                                          Product 1      Product 2         Product 3

Product Cost                         $20                 $90                 $50

N.R.V                              ($40-$6)=$34  ($120-$40)=$80  ($70-$10)=$60

Per Unit Inventory Value      $20                 $90                 $50

4 0
3 years ago
Advertising is important for most companies, especially companies such as P&G that sells mostly to end customers. But, most
kari74 [83]

Explanation:

All for-profit companies have a marketing strategy.

P&G is a business to consumer (B2C) company, so no matter how much you sell your products to large retailers, the end user will always be an individual whose needs may change and the company must be mindful that their products comply with user requirements.

P&G can establish marketing actions through retailers for which it sells, with in-store display advertising models. You can also use customer interaction to get fundamental feedback so that the company guides its pricing strategy and new product development.

So even with established market products, relationship marketing is a key strategy for large corporations that want to build customer loyalty and achieve market leadership.

5 0
3 years ago
What is the difference between asset management and wealth management
ladessa [460]

Answer:

here is ur answer

Explanation:

wealth management comes down to what services you need. Asset management is about choosing and managing investments. Wealth management, on the other hand, looks more broadly at a person's financial life and portfolio. Some financial advisors do both, allowing you to hire just one person for the job.

8 0
2 years ago
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