Answer:
a debit to Interest Expense for $36,000
Explanation:
Data provided in the question
Note payable amount = $800,000
Interest payment = $80,000
Interest rate = 5%
So, the amount is
= (Note payable amount - interest expense) × interest rate
= ($800,000 - $80,000) × 5%
= $720,000 × 5%
= $36,000
This amount would be debited to interest expense while recording the annual payment on December 31, 2017
$700,935 and debit discount on notes payable a working year is the correct answer among the group of choices.
<h3>What are debits exactly?</h3>
A debit is an accounting system item that demonstrates a gain in assets and a decrease in liabilities. Debits and credits are the two categories into which the entries fall in basic accounting. Debits are always offset by credit entries.
<h3>Is debit debt or credit?</h3>
A credit increases the balance in a liabilities account whereas a debit decreases it. In this manner, the credit for the loan would equal the debit for the cash on hand account, increasing the long-term debt account by the same amount.
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Answer:
D. Eclectic theory
Explanation:
Sometimes referred to as the OLI-Model or OLI-Framework, the eclectic theory simply assumes that firms and institutions will always avoid transactions in open markets of the cost of completing the same transaction internally or in-house carries a lower price. Thus, firms undertake foreign investment when characteristics of of a location combined with ownership and internalization advantage, thereby making location appealing for an investment.
Answer: A. Impossibility of performance
Explanation:
Impossibility of contract is a doctrine where by a contract is rendered invalid on the bases of uncontrollable circumstances which renders performance of contract impossible. Impossibility of performance can be difficult to prove.
Answer:
a. the purpose of this proposal is to show how we can reorganize our department to improve our efficiency while keeping intact the values that have allowed us to succeed to this point.
Explanation:
If you are writing a restructuring proposal, it means that you have mapped out points that can be improved in your department. However, the organizational structures of firms can rarely be changed drastically. What are usually applicable are the policies for improving processes, so that they become more and more efficient. This applies in general, but especially if you are going to propose changes to a structure that was designed by a superior of yours, who probably has more experience than you. Thus, you must present a restructuring project that identifies points to be improved, that proposes alternatives for improvement, but that maintains the values policy that was instituted by your manager. In this way, your manager will see your contribution as adding value to the structure and your work will be valued.
