A(n) portal is an internet business model that provides an online meeting place where people with similar interests can communicate and share information.
<h3>What is a portal?</h3>
A portal site is a World Wide Web site that is or claims to be a significant starting site for users when they are connected to the Web or that users tend to visit as an anchor site. The terms "portal" and "gateway" are typically interchangeable.
A portal is a popular website with numerous links to vendors, services, and content. By choosing the content sources and compiling them into an easy-to-navigate and customizable interface for display to the end user, it serves as a value-added middleman.
An online gathering place where people with similar interests may connect and exchange information is what is known as a portal.
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Answer:
Explanation:
1. Before passing the journal entries, we have to determine the amount of bonus payable that is shown below:
Let us assume that the bonds payable at the year end be X
So, the equation is
X = 0.03 × ($500,000 - X)
X = $15,000 - 0.03X
X + 0.03 = $15,000
X = $15,000 ÷ 1.03
= $14,563
Now the journal entries are
2. Employees bonus expense A/c Dr $14,563
To Bonus payable A/c $14,563
(Being the bonus due is recorded)
3. Bonus payable A/c Dr $14,563
To Cash A/c $14,563
(Being the payment is recorded)
Answer: Avoiding use of green/environmentally-friendly materials (which are of lower quality than superior materials)
Explanation:
The International Footwear Federation is a consumer group that issues s/q ratings for footware makers around the world.
The S/Q ratings range from 0 - 10 stars and measure everything between the quality and appearance of the footware apparel.
Footware with high quality materials that are durable rank high in the S/Q matrix and as such it is imperative that companies aiming to move higher up the S/Q scale, use high quality materials.
Avoiding the use of green/environmentally-friendly materials (which are of lower quality than superior materials) and instead using Superior materials, whilst not entirely good for the Environment, will make a shoe stronger which would increase the S/Q rating.
Answer:
The computation is shown below:
Explanation:
The journal entries are shown below:
a. Account payable $70,000
To Notes payable $70,000
(Being the issuance of the note is recorded)
b. Note payable $70,000
Interest expense $1,575
To Cash $71,575
(Being the payment of the note at maturity date including interest is recorded)
The computation is shown below:
= $70,000 × 9% × 90 days ÷ 360 days
= $1,575
We assume 360 days in a year
Now the effects on the accounts and the financing statement for issuance of the note is shown below:
Balance sheet
Assets = Liabilities + Stockholder equity Income statement cash flow statement
No effect = Account payable - $52,000 + No effect No effect + no effect
Note payable + $52,000