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4 years ago

If interest rates increase from 8% to 9½%, we would expect to see an

Business

1 answer:

____ [38]4 years ago

6 0

Answer:

a decrease in the demand for money

Explanation:

As the money is now more expensive because, holding cash in hand means not capitalize with the interest, the agents (families and business) will try to not have liquid money but, invest to achieve the better yields.

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On November 1, Bahama National Bank lends $4 million and accepts a six-month, 6% note receivable. Interest is due at maturity. R

UkoKoshka [18]

Answer:

11/01

Dr Notes Receivable 4,000,000

Cr Cash4,000,000

12/31

Dr Interest receivable 40,000

Cr Interest revenue 40,000

Explanation:

Preparation of the journal entry to Record the acceptance of the note and the appropriate adjustmentfor interest revenue at December 31, the end of the reporting period.

11/01

Dr Notes Receivable 4,000,000

Cr Cash 4,000,000

12/31

Dr Interest receivable40,000

Cr Interest revenue 40,000

Calculation for Interest Revenue using this formula

Interest Revenue =Face Amount *Interest Rate *Time Period

Let plug in the formula

Interest Revenue= 4,000,000 x .06 x 2/12

Interest Revenue = 40,000

4 0

3 years ago

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership.

Elis [28]

Answer:

to record Decker's investment:

Dr Cash 45000

Cr Decker, Capital 45000

to record Rosen's investment:

Dr Land 10,000

Dr Building 75,000

Cr Rosen, Capital 85,000

to record Toso's investment:

Dr Cash 10,000

Dr Accounts Receivable 27,000

Dr Equipment 14,000

Cr Allowance for Doubtful Accounts 2,700

Cr Toso, Capital 48,300

total owners' equity = $178,300

6 0

3 years ago

Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Mana

Zielflug [23.3K]

To whom it may concern i believe

4 0

3 years ago

Read 2 more answers

Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends. His friend has no mon

prisoha [69]

Answer: The answer is as follows:

Explanation:

Opportunity cost refers to the benefit of a commodity that is forgone to produce one extra unit of some other commodity.

It is also refers to the value of next best alternative that is given up by choosing some other alternative.

Here, if Dexter accepts the laser printer as payment then the opportunity cost of this exchange is the value of next best alternative and that is television.

5 0

4 years ago

In a compensatory stock option plan for which the grant and exercise dates are different, the stock options outstanding account

NeTakaya

Answer:

The correct answer is D

Explanation:

The compensatory stock option is the option which is given or provided to the employee, providing the ability for purchasing the certain number of the shares of the company at the price which is the pre- determined one along with the pre- determined range of the date.

And the stock options which have the outstanding account that should be decreased or reduced at the date of exercise.

3 0

3 years ago