Answer:
Notes payable; $10,000
Explanation:
Given that,
Borrowing amount = $10,000
Time period = 60 day
Interest rate = 8%
On the due date of the note, avers co. paid the amount.
Therefore, this entry would be recorded by Avers with a debit to Notes payable with an amount of $10,000.
Interest amount = $10,000 × (60 ÷ 360) × 0.08
= $10,000 × 0.17 × 0.08
= $136
(Note: Assuming 360 days in a year)
Therefore, the Journal entry is as follows:
Notes payable A/c Dr. $10,000
Interest Expense A/c Dr. $136
To cash $10,136
(To record Avers pays the amount due in full)
Answer:
C. span of control
Explanation:
Alana, the children's department manager at Shoe Mart, has eight employees in her department, also known as her span of control. All of eight of these employees report directly to her.
Span of control is the term which is now used very commonly in the field of business. It is used in terms of defining the HR management where it shows the area, department or the number of people an individual is responsible for.
Answer:
The answer is
Income inelastic
The chocolate is a normal good.
Explanation:
First lets find the percentage increase or decrease in income and demand.
For income:
($2,200 -$1,800)÷$1,800
=$400÷$1,800
=0.2222 or 22.22%
For the demand
(21cups-19cups)÷19cups
=0.1053 or 10.53.
A 22.22% increase in income leads to 10.53% in demand of hot chocolate. This means it is less proportional. The demand is less sensitive to his income.
The hot chocolate is a normal good. If not an increase in income would have resulted to a lower demand for hot chocolate.
Answer:
The double-entry model of accounting might be un-necessary in database frameworks could be valid as the sums identified with the exchange are gone into a database frameworks accurately, as it is put away just a single time and not twice. Information handling is adequately precise to make pointless the detailed arrangement of checks and twofold watches that describes the double-entry model.
Despite the fact that there are points of interest of double-entry accounting, in database frameworks it is superfluous as the database model handling get the job done these focal points.
Effect of database frameworks on bookkeeping and the AIS are robotization and smooth out reporting.It process, changes and creates an information and it is utilized for dynamic as it gives the opportune data as it is mechanized.
Solid interior controls are actualized in the framework with the goal that accounting frauds won't happen.
Answer:
2.95%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $1,000 × 109% = $1,090
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 4% ÷ 2 = $20
NPER = 10 years × 2 = 20 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
The pretax cost of debt is 2.95%