Answer:
Net income will be decreased by $150.
Explanation:
Given:
The credit balance of interest payable (Opening) = $200
Credit balance of interest payable (Closing) = $50
Net income will be decreased by $150.
Decreased net income = credit balance of payable (Opening) - credit balance (Closing)
Decreased net income = $200 - $50
Decreased net income = $150
The interest of $150 was paid which would reduce the net profit.
Restaurants, like other businesses,
often find that the best way to succeed in the market is to follow their customer’s
perception and be adaptive to the products that their customers need. The correct answer to the
following given statement above is following their customers.
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Answer:
A. Institutional Capitalism
Explanation:
Institutional capitalism is the phenomenon whereby large institutions holds large share of the capitalistic enterprise. Capitalism in itself has to do with private companies having their own ownership of the production process. In this case, the capitalistic enterprise is done on the basis of institutional shareholding.
A customer claims that they saw a rodent run through the dining area, so you examine the inside and outside and contact an exterminator immediately,
Rodents are mammals with extra-large front teeth. They use these teeth for gnawing to get at food and to find their shelter. If the rodent was seen by customers through the dining area, examine the area and try to calm down the situation by apologizing and assuring that you will have this matter dealt with asap.
This matter should be dealt soon, as it is quiet important, as the sighting of a rodent naturally raises food safety concerns. However, customers will understand that no one is perfect and mistakes can happen.
Hence, when the customers have your assurance that the matter will be taken care of, they will respect that.
To learn more about rodent here:
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Answer:
$51,600
Explanation:
Calculation to determine the total amount of interest revenue that Glade will earn over the life of the lease
Using this formula
Total interest = lease of equipment years *(Lease equipment fair value/ Present value of annuity due) -Lease equipment fair value
Let plug in the formula
Total interest=5* ($323,400/4.312)- $323,400
Total interest=5*$75,000-$323,400
Total interest=$375,000-$323,400
Total interest= $51,600
Therefore the total amount of interest revenue that Glade will earn over the life of the lease is $51,600
