Answer:
A) Prepare the entry to record the receipt of funds from the loan
Dr Cr
$ $
Cash 13,200
Notes Payable 13,200
Being the receipt of funds from the ban
B) Prepare the entry to accrue the interest on June 30
Dr Cr
$ $
Interest Expense (13200 * 0.05 * 1/12) 55
Interest Payable 55
Being accrued interest as at month end June 30
C) Assuming the adjusting entries are made at the end of each month, determine the balance in the interest payable account as at December 31, 2020
= Monthly accrued interest * number of months = 55 * 7 = $385
D) Prepare the entries required on January 1, 2023 when the loan is paid back:
Dr Cr
$ $
Notes Payable 13,200
Interest Payable 385
Cash 13,585
Being refund of loan
Explanation:
Answer:
Mary should answer that more than half of the boxes not be rejected.
Explanation:
Probability:
Box has one defective screen = 0.6
Box has three defective screen = 0.4
no. of screens in a box = 8
The box is rejected if both of the inspected screens are defective.
Probability of rejecting a box:
= 0.04286
Only 4.286% of the boxes will be rejected.
Therefore, Mary should answer that more than half of the boxes not be rejected.
Answer:
capabilities reflect a high level of social complexity and causal ambiguity.
Explanation:
The more complex of ambiguous a product is, the more challenging it is for rivals to imitate the product
Clauss also sells a line of cutting tools to people in the woodworking industry for sawing and shaping wood cutouts. Clauss cutlery should use a customer sales organization.
Woodworkers set up, operate, and maintain all types of woodworking machinery, including saws, milling machines, drills, sanders, and wood clampers. Operators use equipment to cut and shape wooden parts, and use templates, vernier calipers, and rulers to check dimensions.
Carpentry is defined as cutting and joining wood to construct buildings and other structures. Woodworking is defined as carpentry, carpentry and related arts that make things out of wood.
Woodworking is an art that, when used correctly, can improve many aspects of your life. Many people are attracted to woodworking because of its usefulness and profitable business. Woodworking is a very reliable craft that has evolved into an interesting form of art and architecture.
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