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vfiekz [6]
3 years ago
14

Mama's Pizza Shoppe borrowed $6,200 at 12% interest on May 1, 2021, with principal and interest due on October 31, 2022. The com

pany's fiscal year ends June 30, 2021. What adjusting entry is necessary on June 30, 2021
Business
1 answer:
max2010maxim [7]3 years ago
3 0

Explanation:

The adjusting entry is as follows

Accrued interest expense Dr $124

     To Interest payable $124

(Being the accrued interest expense is recorded)

The computation is shown below:

= Borrowed amount × interest rate × given months ÷ total number of months in a year

= $6,200 × 12% × 2 months ÷ 12 months

= $124

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Find a mutually profitable price for this acquisition, that is, a price such that, on average or in expectation, the owners of b
borishaifa [10]

Answer:

The lowest price the target's owners are willing to accept for the firm is 50

Explanation:

Solution

It is known that in the market there are two firms. while one is target, the other is equity firm.

The target has several projects  at hand bu the firm's worth is uncertain. it lies anywhere between 0 and 100.

Now,

The equity believes that the target is not well managed and with a good management it's value can be increased by 50%

Now,

The owner of the target does not know the firm's worth. so, it may be profitable  or the firm to accept the average outcome

Note: Kindly find an attached copy of the complete question for this example below.

Average outcome  0 + 100/2

= 100/2 = 50

Therefore, the lowest price the target's owners are willing to accept for the firm is 50

6 0
3 years ago
Do an interview with a business owner and request him / her to identify any business problem that they are experiencing
Oksi-84 [34.3K]
A week ago, i did a business interview with someone who works in a book publisher company.

One of her biggest concern regarding the business is the development of Electronic book format such as Epub and PDf. This development greatly reduced their market share since electronic books usually available at a cheaper price
7 0
3 years ago
Tamarisk, Inc. incurs the following expenditures in purchasing a truck: cash price $42,000, accident insurance $2,900, sales tax
AURORKA [14]

Answer:

$44,700

Explanation:

The cost of the truck according to IAS 16 under IFRS would only include any cost incurred in bringing the asset to as location or state where it becomes available for use.

Given cost items;

cash price = $42,000

Accident insurance = $2,900

Sales taxes = $2,700

Motor vehicle license = $100

Painting and lettering = $400

From all the cost items stated above, the cost of the truck

= $42,000 + $2,700

= $44,700

Other cost elements will be expensed.

6 0
3 years ago
g 2. Problems and Applications Q2 Indicate whether each of the following transactions represents an increase in net exports, a d
Scrat [10]

Answer and Explanation:

a. Since an american buys a sony tv so it would decrease the net exports as we know that net exports would be determined by deducting the imports from exports. Here the sony is an import so if an import is increase the net export would decrease

b. As the american purchase a sony stock share so it would increase the net capital outlow as the financial asset and stock would be shown in the capital account. as the money is given to sony so it would increase the net capital outflow

c. Sine the Japanese car would build a factory in Ohio so it decrease the net capital outflow as it is an imported good

d. As German citizen purchase an apple computer so it would rise the net exports as export would increase

6 0
3 years ago
Nora works as a media sales person for a sports gear manufacturing company. There is an upcoming sports event coming up and she
kotegsom [21]

Answer:

Identifying the target audience

Explanation:

The targeted audience are very important in any business,any business will try as much as possible to reach the largest number of people to purchase their products.

To what extent will people who are more aware of a brand be more likely to purchase it? Exposure and awareness can be measured whereas the sales and profit impact of advertising is very difficult to measure. Attitude change measurement is difficult but feasible.

From this Nora will be exposed to a bigger market when decided to go with advertising at the sporting event.

5 0
3 years ago
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