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Oliga [24]
3 years ago
6

Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry mad

e by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Business
1 answer:
HACTEHA [7]3 years ago
4 0

Answer:

Dr Cash $92,811

Cr Notes Payables $92,811

(Being the proceeds and issuance of note

Explanation:

Annual rate = 12%

Interest for 9 months will be:

9/12 x 12% = 9%

So disbursal is 9% x $92,811

= $8,353

Principal (borrowed money) is $92,811.

The loan was disbursed on January 1. So it's only the proceeds from the loan which will be recorded on this date. Repayment will start at later date.

Therefore, The entry made by Guarantee Company on January 1 will be:

January 1

Dr Cash $92,811

Cr Notes Payables $92,811

(Being the proceeds and issuance of note)

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The effects Postwar Era had been good. Consumer borrowing increased. the G.I Bill was used by thousands of veterans to go to college or buy homes. Wages were mostly higher now and there were many jobs out there.
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4 years ago
State law requires all electricians to be licensed. Ted is not licensed, but has been doing electrical work with his family busi
alex41 [277]

Answer:

Yes

Explanation:

Yes, Robin would need to pay because she knew that Ted was not licensed and still decided to hire him. Therefore, agreeing to contract Ted and pay him for the work that he has done. Regardless of whether or not Ted's job was legal or not Robin still agreed and must pay Ted. Ted will later have to deal with his own legal issues but that does not affect the contract that was agreed upon by both parties.

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3 years ago
Oliver's Company (OC) produces batches of chicken and beef organic dog food. Each time OC switches production from chicken to be
Vlad1618 [11]

Answer:

$3,600

Explanation:

Calculation to determine what amount of set-up costs should be allocated to the chicken dog food

Using this formula

Set-up costs = Cost per each set up * Totals ups

Let plug in the formula

Set-up costs=$20 * 180

Set-up costs=$3,600

Therefore the amount of set-up costs that should be allocated to the chicken dog food is $3,600

6 0
3 years ago
An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross
zhannawk [14.2K]

Answer:

The property manager's annual salary is $42,000

Explanation:

In the question, it is mentioned that the property manager salary equals to the 6% if the property annual gross income, and the property annual gross income is $700,000

So, the property manager salary equals to

= Property annual gross income × 6%

= $700,000 × 6%

= $42,000

The annual expenses and capitalization rate is irrelevant. Thus, it is ignored in the computation part.

Hence, the property manager's annual salary is $42,000

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3 years ago
Jacob's physical toy store relies on offline metrics, such as store visits and in-store sales. He's heard that specialized campa
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Brand awareness campaign is the type of campaign that is done by the Jacob in hi physical store as he doing store visits and in-store sales and heard that specialized campaign types can help him meet these kinds of goals.

<h3>What is brand awareness campaign?</h3>

Brand awareness campaign is mostly done to promote the new brand or the unknown brand, which needs exposure to get well placed in the market.

Brand awareness is very useful tool for the company as they promotes the products plus brand name ans make the remark of the brand in customer's mind.

Thus, it is Brand awareness campaign.

For further information, Brand awareness campaign, click here:

brainly.com/question/14773098

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6 0
2 years ago
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