Given:
march 1: loaned 40,000 to Hewell Company
loan term, 4 months, 6% interest on note.
On March 31, Harper Company should recognize the interest it will earn from the note of Hewell Company.
40,000 x 6% = 2,400 this is the annual interest
2,400 * 1/12 = 200 monthly interest
March 31
Debit Credit
Interest receivable 200
Interest Revenue 200
I had to look for the given options and here is my answer:
The word that best completes the blank provided is the term DIFFERENTIATION STRATEGY. Based on the given scenario above, we can say that the employed differentiation strategy, this is the strategy that you separate your services, products, and your company, and you presume that each should have its own actions that can meet the clients' preferences or standards.
Answer:
1. True 2. True 3. False 4. True
Explanation:
Identify whether the given statements about climate change and economic growth are true or false.
1. Poorer countries have historically been responsible for the bulk of world carbon emissions because of poor technology and environmental regulations.
<em>True, because they cannot afford advanced technologies that minimize carbon emissions and most of their production assets produces waste in form of emissions that damages the environment e.g. gas flaring</em>
2. Air and water quality in developed countries is generally much better today than it was several decades ago.
<em>True, over time governments have increased spending in the area of public health and waste management.</em>
3. Tackling climate change issues is likely to only modestly dent long-term economic growth.
<em>False, because tackling climate change will protect the environment and the resources therein which are harnessed for economic growth.</em>
4. Carbon emissions are negatively correlated with economic growth.
<em>True, because carbon emissions damage the environment which holds the resources for economic growth.</em>
Answer:
$19,100
Explanation:
Accounts receivable represents amount owed to a business by its customers for products or services offered. It is payable in the future.
When collection is uncertain the amount is put in doubtful account.
If an amount is confirmed to be uncollectible it is written off as a loss
In this scenario we are calculating realisable value after write-off
Account receivable after write-off = Account receivable balance - Uncollectible amount
Account receivable after write-off= 21,000 - 530= $20,470
Allowance balance after write-off= Doubtful account - Uncollectible account
Allowance balance after write-off= 1,900 - 530 = $1,370
Net realisable value after write-off= 20,470 - 1,370= $19,100
Answer:
The answer and procedures of the exercise are attached in the following archives.
Explanation:
The first part of the journal entry would record the expenses as the receipt. Hence the expense account would be a debit. A corresponding entry would be a credit to the cash account to record the receipt of such expenses. This is done basis the basic accounting rule that increase in the asset and expense account signifies as debit and vice versa whereas increase in the liability and revenue account would be regarded as the credit.
The second journal entry would increase the petty cash account by $50 to raise the balance of existing petty cash from $280 to $330. A corresponding effect would be a credit to the cash account.
