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vodka [1.7K]
4 years ago
5

Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financ

ial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?a. Note Receivable 20,000Cash 20,000b. Interest Receivable 100Interest Revenue 100c. Cash 100Interest Revenue 100d. Interest Receivable 300Interest Revenue 300
Business
1 answer:
garik1379 [7]4 years ago
3 0

Answer:

b. Interest Receivable $100 ; Interest Revenue $100

Explanation:

The adjusting entry is shown below:

Interest receivable A/c Dr $100

       To Interest revenue A/c $100

(Being accrued interest is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $20,000 × 6% × ( 1 months ÷ 12 months)

= $100

The 1 month is calculated from April 1 to April 30

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Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed
melomori [17]

Answer: True

Explanation:

Groupware is a set of programs that makes it possible for people to work together on a common course even though they are at different locations from each other. In this way, they can work together remotely.

Computer programs that makes work collaboration to be possible real time are known as synchronous groupware.

Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed in real time.

6 0
3 years ago
A movie theater manager asks an employee, "Should we distribute tickets to the movie on a first-come-first-served basis or throu
mixer [17]

Answer:

For whom to produce.

Explanation:

This fundamental question tends to answer the sector of the customers the company will produce for. It reflects the customer's buying power and willingness.

  • For example, If the customer we are producing has enough money, so we should go for first come first served basis, OR, If the customer lacks money and it hinders the customer to watch a movie so we motivate them to participate in a lottery so are in guise targeting that section as well.
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4 years ago
Drag the tiles to the correct understand the different types of life insurances
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1.plan that earns tax-deferred interest income and has high risk

d. guarantee universal life

2.plan that builds wealth and pays a death benefit

a. term life

3.plan that covers a family while the person is employed

b. index universal life

4.plan that covers someone for his or her life

c. whole life

3 0
3 years ago
Read 2 more answers
Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hir
SVETLANKA909090 [29]

Answer: a. 2

b. $200

c. Should not

Explanation:

a. The new employee's marginal product of labor is ______.

This will be:

= 5 - 3

= 2 moving jobs

b. The value of that marginal product is ______..

Since the company charges $100 for a moving job, the value of the marginal product will be:

= 2 × $100

= $200

c. The moving service should moving jobs ______- hire another worker

Marginal cost of moving 2 jobs will be:

= $30 × 4 × 2

= $240

Since the marginal cost is more than the marginal product, the company should not hire another worker.

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3 years ago
You have one beanbag and five targets set up in front of​ you, each farther away than the last. Target A sits almost within​ arm
marta [7]

Answer:

C) high need for achievement

Explanation:

McClelland's Theory of​ Needs states that all individuals have three basic motivators:

  1. Achievement: you need to establish and accomplish challenging goals, you like to take calculated risks, like to work alone, although you occasionally enjoy when others recognize your achievements.  
  2. Affiliation: you need to belong to a group, and you need them to like you.  
  3. Power: you need to control and influence other people, you like to win arguments, and you enjoy competing and receiving the status of a winner.  

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4 years ago
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