All of the above. Taxes are used for each of these.
The following journal entry will be passed in the books of accounts and the interest expense is calculated to an amount of $9600
<u>Explanation:</u>
Given data:
amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years
the following calculation is made in order to find out the amount of interest:
Amount of note minus principal payment multiply with rate of interest
now, putting the figures in formula:
interest = 200000 minus 40000 = $160000 multiply with .06 = $9600
Thus, the interest amount = $9600
The interest expense will be debited with an amount of $9600 in the books of accounts.
Answer:
70.83%
Explanation:
Given that,
Company's assets = $1,200
Equity = $350
Dept = Reported assets - Company's equity
= $1,200 - $350
= $850
Dept ratio = (Debt ÷ Total assets) × 100
= ($850 ÷ $1,200) × 100
= 0.7083 × 100
= 70.83%
Therefore, the Dept ratio of Converse Florists & Co. is 70.83%.
Answer:
what? I need points tho thanks
Answer:
She was involved in objectionable self-dealing.
Explanation:
Wendy was the president of a business, which made the product she started to make individually at her home, after learning it from the business.
That clearly reflects that the business might have provided the knowledge to Wendy, but using that knowledge in benefit of the self and not of the company, is a unethical act on the part of the individual.
Here Wendy the president of company, rather than promoting the products of the company promoted the products she manufactured individually at her home. This clearly proves that she is self oriented in a negative manner which is a loss for the company.
Her acts are objectionable.
