Answer and Explanation:
The journal entries are shown below:
Cash $84,000,000
To Notes payable $84,000,000
(Being issuance of the note is recorded)
Interest expense($84,000,000 × 15% × 3 ÷ 12) $3,150,000
To Interest payable $3,150,000
(Being interest expense is recorded)
<span>Those farmers in the
developing countries demand reduced subsidies because subsidized agricultural
products from United States lead to an abundance or surplus of global agriculture.
This surplus eventually leads to the prices in developing countries to lower, as
a result of which the developing country farmers have to suffer.</span>
Answer:
Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.
Explanation:
Based on legalities, Thomas has the right to refuse payment of the 8% commission to RE/MAX because he already stated his refusal during the meeting with Darragh nor did he sign the document that Darragh gave him during the meeting. Thus, there was no meeting of minds.
Darragh is entitled to be given a reimbursement for his expenses incurred in securing documents that he willingly gave to Thomas. He can also ask Thomas for a recompensation for his labors but it will be according to Thomas's discretion.
Darragh can't claim that he worked on implied consent from Thomas because Thomas specifically stated his refusal in paying for the 8% commission during their meeting but Darragh did not stop to renegotiate the commission nor convince Thomas to accept the contract.
Answer:
$9.2
0
Explanation:
The calculation of the Finishing Department is shown below:-
Plant - wide overhead rate = Total overhead ÷ Total machine hour
= ($470,000 + $737,900) ÷ ($470,000 + 133,950)
Plant wide overhead rate = $2 per machine hour
Machine hour for product = 4.2 + 0.4
= $4.6 machine hour
Applied overhead = Machine hour for product × Plant wide overhead rate
= $4.6 × $2
= $9.2
0
