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marysya [2.9K]
3 years ago
12

Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ

ial statements on March 31. What adjusting entry should be made before the financial statements can be prepared? A. Cash 200Interest Revenue 200B. Interest Receivable 800Interest Revenue 800C. Interest Receivable 200Interest Revenue 200D. Note Receivable 40,000Cash 40,000
Business
1 answer:
ryzh [129]3 years ago
8 0

Answer:

C. Interest Receivable 200Interest Revenue 200

Explanation:

It will need to adjust for the interest accrued during the month

the 6% is an annual rate, we will convert to a monthly rate by dividing by the 12 month of the year:

6% = 6/100 0 0.06 annual rate

0.06/12 = 0.005 = 0.5% monthly rate

Now we calcualte the interest

40,000 x 0.5% = 200

The company is not receiving this interest. It is just delcaring that has been accrued and generate an earning for the period, but it won't be collected until maturity.

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Current access control rosters should be authenticated by the manager or their designated representative. True False
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Answer:

TRUE

Explanation:

Current Access Control rosters should be authenticated, authorized and accounted for by the manager or their designated representative.

Bio-metrics, Electronic locks, and Smart cards are sensitive data-derivation technologies and since they are applied in a number of sectors - e.g. Telecommunications, Retail, Defense, Healthcare, Hospitality, and Information Technology - current access to devices and software applications should be authenticated by the manager or a designated representative of the manager.

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Answer:

"Customer Orientation Pricing"

Explanation:

According to my research on the different pricing strategies used by different companies, it can be said that the term described by the information within the question is called "Customer Orientation Pricing". This term is defined as the strategy of setting prices according to customers' perceived value of it's goods or services.

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Answer:

Halth support

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4 years ago
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