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goldfiish [28.3K]
3 years ago
7

Stellar Enterprises made the following entry on December 31, 2020. Interest Expense 6,490 Interest Payable 6,490 (To record inte

rest expense due on loan from Anaheim National Bank) (a) What entry would Anaheim National Bank make regarding its outstanding loan to Stellar Enterprises
Business
1 answer:
cupoosta [38]3 years ago
7 0

Answer:

Interest Receivable               6,490 debit

              Interest Revenue                6,490 credit

(To record interest revenue from Stellar Enterprises loan)

Explanation:

The banks accounting will reflect the  accrued interest as well. From their perpective, the interest are revenue as they are the lender of the loan.

It will recognize the interest revenue from the accounting period

and will declare the interest receivable for the same amount.

<u>From this we can deduct:</u>

the payable from one entity is a receivable for another entry.

the interest expense from one firm will be interest revenue for another.

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c. The end-of-project recovery of any working capital required to operate the project.

Explanation:

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During the past year, Stacy McGill planted a new vineyard on 150 acres of land that she leases for $30,000 a year. She has asked
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Based on the various costs that Stacy McGill will incur, and the present value of her revenue, the minimum price that Stacy should accept from Ric Button is $376,595.

<h3>What amount should Stacy accept?</h3>

This should be the net present value of her vineyard over 40 years.

Present value of revenue from 1 - 5 years is $0 because no grapes will be grown in the vineyard.

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The minimum amount Stacy should sell for is therefore:

= 188,863.20 + 704,522.50 + 102,516.80 - 37,911.28 -  130,007.16 - 451,388.70

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Question is:

Eric Button has offered to buy Stacy’s vineyard business by assuming the 40-year lease. On the basis of the current value of the business, what is the minimum price Stacy should accept?

Find out more on net present value at brainly.com/question/17185385

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Which of these describes what can happen with an adjustable-rate mortgage?
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Answer:the answer is D

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Diseconomies of scale occur when a firm experiences an increase in the average total cost as the volume of output increases.

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