The total account Dept as of the statement date is known as the balance.
<span>The adjusting entry required on December 31 is:
Debit Insurance Expense = $2,400 and credit Prepaid Insurance = $2,400.
this is how we calculate this;
Amount paid = $4,800
For months of insurance = 4
from 1st November to 31st December 2 months passed, So;
$4,800 x 2/4 = $4,800/ 2 = $2,400.</span>
Answer:
annual interest expense $ 14,000
interest expense per semiannual payment: $ 7,000
for a total of $ 14,000
Explanation:
The bonds were issued at face value. Thus, the interest expense will match the cash payment of the bond.
annual interest:
principal x rate x time
200,000 x 7% = 14,000
semiannual interest
principal x rate x time
200,000 x 7% x 1/2 (half-year) = 7,000
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<u>Note:</u>
We must express rate and time under the same metric. As the 7% rate is annual we multiply by 1/2 (a half) as there are 2 payment per year.
Answer:
<em>Informative advertising</em>
Explanation:
<em>Informative advertising</em> is an advertising modality aimed at publicizing relevant or specific data or facts as necessary. This information is clearly detailed and in most cases is verifiable and measurable.
In the world of marketing, the use of informative advertising is usually related to the need to make known the appearance of a new product or an update or innovation of an existing one.
The advertising campaigns of this modality share a series of characteristics:
- They seek to attract new consumers through the presentation and description of the product.
- This description is usually exhaustive when presenting the benefits of the product and giving reasons for its consumption.
- When working with new products, its benefits are raised against competitors already present in the market.
- It helps with striking marketing tools for rapid audience attraction.
