Students should understand that every saving and investment product has different risks and returns. Differences include how readily investors can get their money when they need it, how fast their money will grow, and how safe their money will be.
In conclusion, the coffee market is currently experiencing considerable growth in economies around the world, with the rise in urbanization and the demand for quick, quality product fueling the expansion. The market is expected to continue to inflate in the next five years, leaving ample room for returns and profit
Answer:
Interest Expenses $35,640, Interest payable $35,640
Explanation:
Notes payable = $594,000
Months passed till September = 9
Interest on notes accrued for 9 months = (594,000*8%*9/12) = $35,640
Adjusting Entry
Journal Entry Debit Credit
Interest Expenses $35,640
Interest payable $35,640
The net change in the Cash account balance from these three transactions is $30,000
What is the company's net change in cash account balance?
The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials
net change in cash balance=$200,000-$150,000-$20,000
net change in cash balance=$30,000
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How much taxes they take off
