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DIA [1.3K]
3 years ago
14

Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its maturity date of December 16,

Mate honors the note by making a payment of $1,100. That payment consisted of the principal of $1,000 plus interest in the amount of $100 (computed as $1,000 × 10%).
Prepare the necessary December 16 entry for Android by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
umka2103 [35]3 years ago
8 0

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $1,100

        To Interest revenue $100

        To Note receivable $1,000

(Being cash received in respect of note receivable, interest accrual is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= 1,000 × 10%

= $100

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5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opport
Ulleksa [173]

PART I

Answer:

The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.

Explanation:

SWOT

Strengths

  • Unique Value Proposition which is healthier bread and cake recipes
  • 20 years experience in baking which translates to strong industry  knowledge

Weaknesses

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  • Weak or zero visibility for new business

Opportunities

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Threats

  • The industry is heavily regulated and may be shut down if there are compliance issues
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Part II

Answer:

The persons I would give the business plan to are:

  • My family
  • An angel investor who I met on LinkedIn who supports small businesses and start-ups
  • My banker of over 20 years

  1. I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
  2. I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
  3. Banks always have the funds but the funds come at a higher cost than the first two.

Cheers

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2 years ago
Under which component of the business model would people and culture fall? Multiple Choice Key customer Value proposition Enviro
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Answer:

customer Value

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  • This form a part of the business strategy and  is used for a broad range of the formal and the informal decisions including the business process and the target customers.
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A manager from a developing country is overseeing a multinational’s operations in a country where drug trafficking and lawlessne
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Answer:

Explanation:

The manager should not make the donation as  he knows that he is indirectly funding the organization that is engaged in drug trafficking. Even though the big man helps the poor in the neighborhood that does not justify his act of running an organisation of drug trafficking, Instead he should report it to the local authority so as to everything being taken care of, with whatever information he has about the big man. Thus he will be adhering to the social responsibility of himself and the organization.

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