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podryga [215]
4 years ago
8

Sheffield Company lends Pharoah Company $10100 on April 1, accepting a four-month, 12% interest note. Sheffield Company prepares

financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?
Business
1 answer:
Monica [59]4 years ago
6 0

Answer:

The answer is:

  • Dr Interest receivable 303
  • Cr Interest revenue 303

Explanation:

The total interest Sheffield Company will charge during the four months is $1,212, equivalent to $303 per month. Since only one month has passed since the debt was made, Sheffield should record revenue for one month interest:

  • Dr Interest receivable 303
  • Cr Interest revenue 303

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What does cc and bcc mean in business studies​
WARRIOR [948]

Answer:

Using cc means that you send the email to another person — or other people — in addition to the primary recipient or recipients. When you use cc, everyone who receives the email can see who else received it. Bcc (“blind carbon copy) also sends a copy of the email to one or more people beyond the primary recipient(s).

Explanation:

4 0
3 years ago
lack of property rights diminish economic growth. diminish economic growth. increases productivity. increases productivity. enco
nikdorinn [45]

The answer is diminish economic growth.

  • The lack of property rights will produce difficulties in the daily lives of the people, and they will not be rectified unless the government intervenes with some property rights, because everyone would grab the property with power because the property rights are not there to claim the rights.
  • Negative growth is defined as a drop in a company's revenues or earnings, or a drop in an economy's GDP in any quarter. Negative growth is characterized by declining wage growth and a decline of the money supply, and economists consider negative growth as a precursor to a future recession or depression.
  • Economists usually believe that four variables drive economic development and growth: human resources, physical capital, natural resources, and technology.

Thus this is the meaning of diminish economic growth.

To learn more about economic growth, refer: brainly.com/question/18964806

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5 0
1 year ago
A mutual fund has $2 million in cash and $6 million invested in securities. It currently has 1 million shares outstanding.
Mamont248 [21]

Answer:

a. NAV = 8 per share

b. 250.000 shares

c. 7.95

Explanation:

a. NAV = Market value of shares/number of shares = $8m/1m = $8 per share

b. At the current NAV, it can absorb up to $2 million, or 250,000 shares.

c-1. Its loss by selling 25,000 shares of IBM at $34 instead of $36 = -$2 x 25,000 = -$50,000.

New NAV = $7,950,000 /1m = $7.95

5 0
3 years ago
even though an open innovation model enables the firm to take advantage of external innovation conducted by other firms, it does
irina1246 [14]

False, the open innovation strategy enables the company to avoid utilizing external innovation carried out by other businesses.

<h3>What is Open innovation model?</h3>

Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Open innovation is the process of "increasing the markets for the external application of invention while accelerating internal innovation through deliberate inflows and outflows of knowledge."

You may take internally developed ideas or initiatives that don't fit with your primary business model and develop them outside by creating an open innovation network. This could provide additional revenue sources without affecting your main line of business.

To know more about Open innovation model, visit:

brainly.com/question/15231173

#SPJ1

7 0
1 year ago
Corporation M has $40,000 of current earnings and profits and $10,000 of accumulated earnings and profit. During the year Corpor
zzz [600]

Answer:

$40,000

Explanation:

Calculation to determine What amount of capital gain income will N recognize related to this distribution

Using this formula

N Capital gain income=N stock basis- M distribution

Let plug in the formula

N Capital gain income=$100,000-$60,000

N Capital gain income=$40,000

Therefore The amount of capital gain income that N will recognize related to this distribution is $40,000

6 0
3 years ago
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