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Gre4nikov [31]
4 years ago
6

On October 1, Eder Fabrication borrowed $69 million and issued a nine-month promissory note. Interest was discounted at issuance

at a 11% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period.
Business
1 answer:
olga nikolaevna [1]4 years ago
3 0

Answer:

The journal entries which is to be recorded for the issuance as well as the adjusting entry is as:

Explanation:

The journal entries which is to be recorded for the issuance as well as the adjusting entry is shown below:

For issuance of notes payable as:

Cash A/c...............................................Dr  $69 million

             Notes Payable A/c.....................Cr  $69 million

Being record the purchase of the inventory through issuing the notes payable

For adjusting entry on December 31, is as:

Interest Expense A/c................................Dr  $1,897,500

     Interest Payable A/c....................................Cr  $1,897,500

Being record the accrued interest payable for three months

Working Note:

Interest expense = $69,000,000 × 11% × 3 /12

= $1,897,500

Note: 3 Months (from October to December 31)

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Answer:

The pros and Cons of Mr. Leeson's frequent career and the Japanese employee with a lifetime corporate loyalty can be summarized as follows:  

Explanation:

Frequent career moves also known as Job hopping was initially viewed as a negative behavior that doesn't portray loyalty while Lifetime employment in one establishment seemed commendable.

However, in recent times, studies has shown that the premise above is not true. There are pros and cons for each of them.

PROS

  1. Frequent career change promotes acquiring new skills, experiences and competences to handle complex tasks and lifetime corporate loyalty encourages specialization in one field.
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CONS

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5 0
3 years ago
True or false?
yaroslaw [1]

Answer:

A. True

B. False

C. False

D. True

Explanation:

A.<em> Brands do a great job creating the meaning associated with a symbol or tagline</em>. True.

Just like humans have names and personalities, so do brands. The symbols of brands are just like human names. The personality of the brand goes a long way in determining the meaning people attribute to that symbol

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On a holistic note, a brand can control only a certain aspect of its meaning. the other aspect is left to individualism and culture.

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This is because the customers and kings and they have their personal views  about life. This view often affects how they see brands.

8 0
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horrorfan [7]

Answer: The price level falls and output rises.

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According to Moore's law, it is stated that the computing speed of a microchip doubles every 18 months. According to Moore, this will increase thespeed and capability of computers and also bring about lesser pay for the computers.

The effect of this on the economy is that it will lead to a fall in price level and increase in output as there will be faster and cheaper production. This can be shown in the diagram attached.

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3 years ago
What are the pro's and cons of the internet in a medical office
Kruka [31]
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Pros:

1. The internet can help people stay connected. Having internet allows the office to contact others such as other medical offices or simply customers.

2. Being connected to the internet allows the office to store/connect to public storages/databases such as a cloud which provides for organization and space int he office.

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<h3 /><h3>Functional level</h3>

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The correct answer is:

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