Milka's balance sheet reports: Interest payable for one month.
<h3>What is interest?</h3>
The fee you pay to borrow money or the fee you charge to lend money is called interest.
Some features of interest are-
- The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
- The compensation a lender or financial organization receives for giving out money is called interest.
- The most common way to represent interest is as a yearly percentage of the loan amount.
- The interest rate on the loan is known as this percentage.
- For instance, if you put money in a savings account, a bank will provide you interest.
The three types of interest include -
- simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
- accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.
- compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
To know more about the estimation of simple interest, here
brainly.com/question/2294792
#SPJ4
Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of <u>nominal measures</u>.
The nominal level of dimension is the least particular and informative, as it handiest names the 'characteristic' or 'identity' we're involved. In different phrases, in nominal variables, the numerical values simply "name" the characteristic uniquely. In this situation, the numerical value is truly a label.
Dwelling type refers back to the kind of living quarters in which a person resides. In general phrases, a dwelling is described as a set of dwelling quarters. forms of living are recognized in the Census, collective dwellings and private dwellings.
A brand is an intangible marketing or enterprise concept that enables people to become aware of an agency, product, or man or woman. Human beings regularly confuse brands with such things as trademarks, slogans, or different recognizable marks, that are advertising and marketing equipment that help sell items and services.
Learn more about marketing here brainly.com/question/6988222
#SPJ4
The income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.
<h3>Income before taxes</h3>
Esquire Company journal entries
June 30, 2024
Debit Note receivable $54,000
Credit Sales $54,000
Dec 31, 2024
Debit Interest receivable $1,890
Credit Interest Income $1,890
($54,000 x 7% x6/12)
March 31, 2025
Debit Cash $56,835
Credit Interest receivable $1,890
Credit Interest income $945
($54000 x 7% x 3/12 )
Credit Note Receivable $54,000
Therefore the income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.
Learn more about Income before taxes here:brainly.com/question/14644556
brainly.com/question/17005057
#SPJ1
Answer:
A learning and effectiveness paradigm is not in place
Explanation:
Managers are more likely to employ people of like manners that will always follow the dame line of thought with them , an act that is not seen as a good practice as diversity of human resources can always bring out the best practice.
One of the tools of managing diversity towards achieving plurality in organisation is a learning and effectiveness paradigm.
It is a tool used in integrating diverse personality , beliefs and attitudes in an organization.
Answer:
A $3066000
Explanation:
The formula for cash received from customers is: opening receivables+net sales-closing receivables.
The rationale behind the formula is that opening receivables would have turned cash by year end since current asset last one year maximum.
=$241500+$3097500-$273000
=$3066000
