A.) How likely you are to pay them back
Answer:
Explanation:
The adjusting entry for interest expense is shown below:
Interest expense A/c Dr $1,134
To interest payable $1,134
(Being interest expense is adjusted)
The interest expense is computed by
= Note payable amount × interest rate × (number of months in a year ÷ total number of months in a year)
= $75,600 × 9% × (2 months ÷ 12 months)
= $1,134
The two months is computed from the November 1 to December 31
Answer:
Yes
Explanation:
Recidivism can be defined as seen in the question as the tendency of an ex-convict to return to crime.
When a person returns from a sentence, he has nothing. No income, no job, etc. As a result of this, some ex-convicts are tempted into returning to the lifestyle that got them imprisoned in the first instance. Without a job,which is as a result of stigmatization of ex-convicts as never-do-well, there can't be income.
For this reason, the government should endeavor to give ex-convicts income support for a few months after their release from the prison. This will go a long way in helping the ex-convicts stay of crime and also help them plan towards a better life.
Cheers.
The type of funding obtained by Setsuko is the line of credit.
The following information should be relevant for the line of credit:
- It is treated as a flexible loan.
- It is an amount of money i.e. defined and can be accessed whenever it is needed and after that, it could be repaid instant or over a period of time.
- It is for a short period of time.
Since in the given situation, it is mentioned that:
- Setsuko obtained the funds for the short term.
- Bank lent her $10,000.
Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.
Learn more about the line of credit here: brainly.com/question/17937007
