Answer:
(a) Reliability and effectiveness
(b) Proposal, plan, and schedule
Explanation:
- Highly organization including its knowledge provided in a study increases reliability and efficacy. However, throughout this case, the remaining survivors aren't relevant.
- Proposal, strategy, and timetable is a portion of a proposal that addresses how you can tackle the issue. Although the other ones throughout this context aren't relevant.
Answer:
Lawrence should make an entry to increase c. interest payable, $1,050
Explanation:
The interest amount Lawrence Company had to pay for the note:
$60,000 x 7% = $4,200
In Lawrence's fiscal year ends on December 31, following 3 months of borrowing the $60,000. Following the Accrual basis, the company should make an adjustment entry to record interest expense with amount:
$4,200/12 x 3 = $1,050
The entry:
Debit Interest expense $1,050
Credit Interest payable $1,050
Answer:
diversify
Explanation:
A mutual fund refers to the professionally managed investment group that funnels money for the acquisition of financial instruments from several investors.
Relative to direct investment in individual financial instruments, mutual funds have pros and cons. The main benefits of mutual funds are providing efficiencies, a better level of diversification, providing liquidity, and being proceeded by institutional investors. On the down side, the creditors will pay different costs and expenses in such a mutual fund.
Mutual funds ' main types comprise open-ended securities, investment vehicles with groups, and closed-end assets. Exchange-traded funds (ETFs) are open-end securities or funds with investment groups listed on markets. Many close-ended securities often mimic exchange-traded funds, as they can be exchanged on stock markets in order to enhance liquidity.
Answer:
<em>Computation of the interest expense using the equation as shown below:
</em>
Interest expense for year 1 = Notes payable * Interest rate
= $100,000 * 10%
= $7,000
Notes payable reduction in Year 1 = $14,238 - $7,000
= $7,238
General journal entry
Item Debit Credit
<em>Notes payable $7,745</em>
Interest expense $6,493
Cash $14,238
Workings
Interest expense = ($100,000 - $7,238) * 7%
= $92,762 * 7%
=$6,493
The cycle of surplus has a way of balancing itself out. Sometimes, to remedy this imbalance, the government will step in and implement a price floor, or set a minimum price for which a good must be sold.
