Answer:
December 31, Year 1 DR. Cr.
Accrued Interest Expense $7,500
Interest Payable $7,500
Explanation:
On December 31 Year 1 Interest was accrued and It was recorded by the Lighting Fixtures Inc. (LFI) but its outstanding now. Lighting Fixtures Inc. (LFI) paid the interest on January 15, at this time a payment entry of a payable interest was be made. Expense was charged on December 31 of year 1.
Answer:
By definition a busser is a person who clears tables in a restaurant or cafeteria. But since that is not listed i would go with A probably.
Explanation:
there isnt anything on there
Answer:
The correct answer is the option B: magazines.
Explanation:
To begin with, in the case where the manager is looking for an advertising that has the characteristics of being medium and that worked for segmented audiences, with prestige and long shelf life then the correct option will be to choose a magazine that properly accomplish with the particularities of the case. The magazine will be targeted to one audience to the fact that it can not include all the topics that are in trend nowadays. Moreover, the magazine will also be of prestige in the case where it has several years in the industry and its name means something in the market. Therefore that a magazine will accomplish with all the characteristics that the advertiser is looking for.
Answer:
40%
Explanation:
Calculation to determine what percentage is assigned to Cost of Goods Sold
Using this formula
Cost of Goods Sold percentage=
Cost of Goods Sold /Net Sales
Let plug in the formula
Cost of Goods Sold percentage=$120/$300*100
Cost of Goods Sold percentage=0.40*100
Cost of Goods Sold percentage=40%
Therefore the percentage assigned to Cost of Goods Sold is 40%
