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Svetllana [295]
3 years ago
9

On September 1, Joe's Painting Service borrows $150,000 from National Bank on a 4-month, $150,000, 6% note. What entry must Joe'

s Painting Service make on December 31 before financial statements are prepared?
Business
1 answer:
Agata [3.3K]3 years ago
6 0

Answer:

Loan Account

DR  loan Note Account  with $150,000

DR Loan Interest Expenses with $3,000

CR   Cash/Bank Account with $153,000

Explanation:

the interest payable  on the loan as at Dec 31  =  $150,000 *6% *4/12 = $3,000

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Which of these is NOT a federal spending category?
zhenek [66]

Answer:

Contractionary

Explanation:

There is no such a thing as Contractionary spending. The only 3 categories used for federal expending are:  mandatory spending, discretionary spending and interest on debt.

6 0
3 years ago
What food trends will emerge and fade away in 2023
earnstyle [38]

These food trends, including New Glocal, Vegan Alternative Recipes, Regenerative Food, and others, will influence the restaurant business in 2023. Vegan food items are significantly more expensive than veggies and other meat-based foods. Therefore, vegetarianism will slowly disappear.

<h3>What is a food trend?</h3>

Food trends are pervasive modifications in dietary patterns. Some of these tendencies show signs of enduring. Food trends are frequently discussed online and in periodicals that focus on cooking.

Pop culture, health fads, and other variables all have an impact on food trends. In fine dining, chefs frequently start new culinary fads that other restaurateurs imitate and adopt for their own menus.

The following are the top 5 food trends for 2022: food fusion, plant dominance, sustainable packaging, and limited yet inventive menus.

Thus, the food trend which will fade away in 2023 is Vegan food.

Learn more about food trend from here:

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5 0
2 years ago
Read 2 more answers
What companies aren't like McDonald's? look them up or share the story and nutritional value.
Alexxandr [17]
What do you mean as 'Not like McDonald's'? Do you mean fast food or what? 
8 0
4 years ago
Mr. Brown Wants to open a coffee shop. He has to decide whether he needs to apply for a loan or borrow money from financiers. Al
aliya0001 [1]

Answer:

Planning

Explanation:

Planning involves thinking ahead of time and making necessary preparations. As a management function, planning entails setting an organization's objectives and determining the path to follow to achieve them. Planning involves making logical preparations for moving an organization from where it is to where it wants to be.

Mr. Brown is planning how to establish his business. He is thinking of the measures he needs to put in place before the actual opening. Mr. Brown wants to have his financing and employee information sorted out well ahead of time.

6 0
3 years ago
Maddie noticed that many students on campus had sweatshirts with Greek organization letters or club names on them. Recognizing t
rewona [7]

Answer:

100 sweatshirts

Explanation:

To calculate the breakeven, we will first calculate the Contribution earned from each of the unit (sweatshirt) produced and sold.

Contribution per unit = Selling price per unit - Cost of producing one unit

Contribution per unit = $25 - ($10 + $2)

Contribution per unit = $13

Then in order to calculate breakeven, we divide the total fixed cost from the Per unit Contribution earned to determine the no. of unit at which we would be at breakeven (i.e. no profit no loss). As shown below:

Breakeven = Total Fixed Cost / Contribution per unit

Breakeven = ($1,000 + $300) / $13

Breakeven = 100 units of sweatshirt

4 0
3 years ago
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