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Maslowich
3 years ago
11

Mama's Pizza Shoppe borrowed $8,000 at 9% interest on May 1, 2018, with principal and interest due on October 31, 2019. The comp

any's fiscal year ends June 30, 2018. What adjusting entry is necessary on June 30, 2018?
Business
1 answer:
Luden [163]3 years ago
5 0

Answer:

Explanation:

First, we have to compute the accrued interest amount, then only the adjustment entry would be made.

So,

Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)

= $8,000 × 12% × 2 ÷ 12

= $160

The two months is calculated from May 1, 2018 to June 30, 2018

Now, we pass the adjustment entry which is shown below:

Accrued interest expenses A/C Dr

   To Interest payable

(Being adjustment entry of accrued interest is recorded)

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A project manager forgets to assess how national holidays and team member vacations will affect the project’s completion date. N
solong [7]

The flexible strategy is used to avoid the delay in assessing the external constraints.

The following information regarding accessing external constraints:

  • It could be thrust upon an organization.
  • It permits for uncovering the things that are beyond the control.
  • The example involved national holidays or sick leaves.

If we accessing the external constraints so the delay could be avoided.

So, The other options seem incorrect

Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.

Learn more about the external constraints here: brainly.com/question/17156848

5 0
2 years ago
Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,
Studentka2010 [4]

Answer:

a commercial bank

Explanation:

A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.

Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

5 0
2 years ago
Read 2 more answers
How much of a good is offered for a sale at a specific price?
Sindrei [870]
It is indeed quantity supplied and the economists define it as the amount of a good that sellers are willing to sell and are able to sell. One of the movements related to the quantity supplied syas that when there are rising prices then there are new firms into a market and add to the quantity supplied of a good. Quantity supplied can be measured with a Market supply curve or the <span>Elasticity of supply.</span>
8 0
3 years ago
Read 2 more answers
Which one is a disadvantage of the process structure? *
Westkost [7]

Answer: Add and delete divisions

Explanation:

The process structure in organizations is when the organization is divided into different departments such that they're all related to each other for organizational goals to be achieved.

The divisions can include sales, research, manufacturing etc. It brings about more competition among the departments, focuses on customers and brings about flexibility.

Therefore, the disadvantage will be "Add and delete divisions".

4 0
2 years ago
Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable
maks197457 [2]

Answer: A contractual obligation om shipment is not enforceable.

Explanation: A contract is a legally binding agreement. For a contract to be legally binding it needs to have an offer and acceptance. Strike and Bailey are merchants who both agree on the stated quantity and price of shirts to be shipped. However, the declaration or condition of shipment is neither agreed nor accepted by both Strike and Bailey as Strike offered to deliver using 'Dependable Truck Line' while Bailey accepted delivery by 'Yellow Express Truck Line' that was never offered.

For a contract to exist, a complete offer and acceptance must exist on the full terms and conditions of te shipment in this case. However, there is no agreement by either party on the shipment therefore contractual obligation on shipment is not enforceable.

7 0
3 years ago
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