Answer:
1. On what date does this note mature? July 14
2-a. Prepare the entry to record issuance of the note.
May 15
Dr. Cash. 110,000
Cr. Notes Payable. 110,000
2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity.
Interest Maturity
Principle 110,000
Rate 12%
Time 60/360
Total interest 2,200
General Journal
Dr. Interest Payable. 2,200
Dr. Notes Payable. 110,000
Cr. Cash 112,200
Answer: Yes they did.
Explanation:
Apparent Authority refers to a scenario where a Agent is assumed to have the power to act on behalf of a Principal regardless of if said authority had not being expressly given whether implicitly or otherwise.
It is worthy of note that this power is only valid if the third party in the transaction assumes from the conduct of the agent, that they have such powers to act.
It is stated in the text that there was no question that the brokers had the actual or implied authority to sell the stock meaning that the Principal had not done enough to show that the agents did not have the Authority to act as they did. For this reason, they can indeed be sued under the Principle of Apparent Authority.
<span>0.75
The midpoint method is to calculate the percentage as the change in value divided by the average (or midpoint) of the new and old values. So the price of the sandwich changed from $5 to $7. Using the midpoint formula, you get
(7-5)/((7+5)/2) = 2/(12/2) = 2/6 = 0.3333 = +33.3%
The change in sandwiches due to the change in price is
(90-70)/((90+70)/2) = 20/(160/2) = 20/80 = 0.25 = +25%
The elasticity of supply will be the percentage change in demand divided by the percentage change in price. So
25/33.3 = 0.75
So the coefficient of elasticity is 0.75</span>
Answer:
The answer is A. $ 8000 would appear on the income statement as rent revenue
Explanation:
We're dealing with financial statement, therefore we need to apply accounting principles. This income relates to the December month. The fact that only $ 5000 has been received does not reduce the income allocated to this month. This means that actual income in accounting terms is still $ 8000. The $ 5000 received will go to bank. This is not prepaid rent as the rent is due and not paid in advance. If it was paid in prior months for a later month it would be considered prepaid rent. Nor will $ 8000 appear on the statement of cashflows as only $ 5000 was received. The revenue is earned in this period, whether it is paid is not relevant to the revenue being recorded for this month.
Therefore the only logical answer is A. $8000 will appear on the income statement as rent revenue earned
Answer:
of course
Explanation:
This candidate may criticize and argue that our right to breathe and the future of our planet require real regulation instead of this type of government policy based on money.
