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Jlenok [28]
3 years ago
10

Young Company lends Dobson industries $40000 on August 1, 2022, accepting a 5-month, 9% interest note. If Young Company prepares

its financial statements as of December 31, 2022, what adjusting entry must it make
Business
1 answer:
enot [183]3 years ago
5 0

Answer:

INTEREST RECEIVABLE - - - - - - - - - 1500

INTEREST REVENUE - - - - - - - - - - - 1500

Explanation:

Lent amount = $40,000

Interest rate = 9%

Duration = August 1 - December 31st = 5 months

Lent amount × interest rate × duration

$40,000 × 0.09 × (5/12)

= $1500

Adjustment :

INTEREST RECEIVABLE - - - - - - - - - 1500

INTEREST REVENUE - - - - - - - - - - - 1500

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Several years ago, Black & Decker purchased General Electric's small appliances product line. Black & Decker purchased t
TEA [102]

Answer:

The correct answer is b. Cash Cow.

Explanation:

Multinationals look beyond their core business for additional sources of income to increase their income statement. Secondary income is those from products or services that differ from the main ones within a business. And despite their name, they can play a leading role in a brand's strategy and can give a vital boost to a company's revenue.

4 0
3 years ago
Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and
Ahat [919]

Answer:

A) $1,200

Explanation:

The cash inflow is that amount which increases the cash balance i.e cash has come whereas cash outflow is that amount which decreases the cash balance

In the given situation, the cash inflow would be

= Income generated from his job + stock dividend income

= $1,000 + $200

= $1,200

And, the cash outflow would be rent & utilities and other types of expenses which decrease the cash balance as the cash is gone

6 0
3 years ago
If your _________, your net worth on the balance sheet would have increased from one period to the next. liabilities increased a
Neko [114]
The right answer for the question that is being asked and shown above is that: "liabilities increased and assets remained constant." If your liabilities increased and assets remained <span>constant</span>, your net worth on the balance sheet would have increased from one period to the next.
6 0
3 years ago
How is the value of a product determine
jasenka [17]
<span>The market value of a product is the price point that is generally accepted by seller and buyer




Hope this helps best of luck =]
</span>
3 0
3 years ago
Read 2 more answers
True or False?The DoD Component International Program Organizations and Program Management Offices are responsible for approving
IRISSAK [1]

Answer:

True

Explanation:

DoD acquisition workforce members in a wide variety of career fields are responsible for assessment,

planning and implementation of IA&E activities within the Defense Acquisition System per DoD

DAU Teaching Note provides DoD personnel, U.S. Government (USG) stakeholders, and supporting

industry with an overview of the IA&E aspects of the DAS to facilitate efficient and effective

implementation of DoD IA&E efforts that support USG foreign policy and national security goals.

The importance of this increased emphasis on IA&E efforts in the DoD is based on two

fundamental principles:

a) allied and friendly nation participation in DoD acquisition programs builds partner nation capabilities

increasing their national and coalition operational effectiveness; and,

b) partner nation involvement in our programs’ development, production, and logistics support results in

both direct and indirect cost savings, markedly enhancing U.S. and partner nation affordability

throughout the life-cycle.

DoDI 5000.02 directs DoD Program Managers (PMs) to address IA&E considerations during a DoD

program's Acquisition Strategy development and maturation throughout their program’s life-cycle.

Specifically, a PM is required by DoDI 5000.02 to address the

program's IA&E aspects within the Acquisition Strategy consistent with their understanding of

opportunities in “domestic and international markets, foreign disclosure, exportability, technology

transfer, and security requirements”. This guidance is further emphasized and expanded upon in DODI 5000.02 which states:

“Program management is responsible for integrating international acquisition and exportability

considerations into the program’s Acquisition Strategy at each major milestone or decision point.

Program management will consider the potential demand and likelihood of cooperative development or

production, Direct Commercial Sales, or Foreign Military Sales early in the acquisition planning

process; and consider U.S. export control laws, regulations, and DoD policy for international transfers

when formulating and implementing the acquisition strategy; in accordance with DoD Instruction. Where appropriate, program managers will pursue cooperative opportunities

and international involvement throughout the acquisition life cycle to enhance international cooperation

and improve interoperability in accordance with DoD Instruction

7 0
4 years ago
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