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ANTONII [103]
3 years ago
11

Which journal entry below would be properly used to record an issuance of an installment note (borrowing money) from first bank

on january 1 of this year. the principal of the note is $50,000, interest rate is 7%, terms of the note 5 years, annual payment $12,195?
Business
1 answer:
Drupady [299]3 years ago
8 0
Principal of the note
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Inflation is undesirable because it: Multiple Choice always makes the nation poorer. redistributes income from those who can rai
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Inflation is undesirable because it redistributes income from those who can raise prices to those who cannot.

<h3>What is inflation?</h3>
  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
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2 years ago
On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and
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Answer:

842,000 shares

Explanation:

Please the solution to the given problem in the file attached below

5 0
3 years ago
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When Luke, Larry, and Lance lost their jobs during the recent recession, they pooled their resources, borrowed a little more, an
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Answer:

a) Limited liability company

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Considering the options given, as an advisor the form of business that I would recommend is: limited liability company that is a structure in which the owners  are not responsible with their personal assets for the company's debts as the three owners are concerned about this risk.

I would not advise the other forms of business because the sole proprietorship is a firm that is run by one person, the general partnership is a structure in which two or more people agree to share unlimited liability which means that they share all their personal assets and are responsible for any debt the company has with them and the master limited partnership is a company that trades securities in the market.

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3 years ago
An energy company is seeking to build a pipeline across multiple Canadian provinces and U.S. states. Though __________________ m
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The correct word for the blank space is: stakeholder mapping.

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"A municipality has a tax rate of 18 mills. A piece of real property in the municipality is assessed at $180,000 and has a fair
White raven [17]

Answer:

$3,240

Explanation:

Calculation for the annual tax liability on the property

Using this formula

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Annual tax liability=( .018x180000)

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Therefore the annual tax liability on the property is $3,240

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