Answer:
Dr Interest Receivable $240
Cr Interest Income $240
Explanation:
The reason is that the Techcom company is lender and must account the lending as a loan.
The loan will be paid with the interest at the end of the period. The interest received at the end of December 31 would be the single month loan at the $4800 at the interest rate which is 10 percent here.
The Interest Income = $4800 * (10% interest rate * 2/12) = $240
The interes would be recorded for the two months which is $240 and accounted for as under:
Dr Interest Receivable $240
Cr Interest Income $240
And at the end of January 31, Teller will make the payment which would be accounted for as under:
Dr Cash $5260
Cr Interest Revenue $120
Cr Notes Receivable $4800
Cr Interest Receivable $240
Supply and demand generally dictates the beginnings of pricing a product. Your targeted market, ability to serve them with a good product, the convenience to access your product. Credentials of the firm.
Answer:
True
Explanation:
The three main sources of assets for a business are:
- investments by owners (total paid in capital), refers to the money that the owners are willing to invest in the company and it should be used to finance operating activities.
-
borrowing from creditors, refers to both long term and short liabilities that allow the company to increase their assets, e.g. merchandise or equipment purchased on credit, or a loan.
- earnings activities, refers to the company's retained earnings from previous years that is reinvested in new or existing projects.
Answer:
Actively managed mutual fund
Explanation:
Ramos wants to beat the average of all time, that is why he needs an investment strategy which carefully and analytically analyses all the portfolios. In that regards, Ramos should invest in an actively managed mutual fund, these mutual funds are usually managed by a group of specialist who carefully design investment portfolios in order to achieve maximum profits.
Answer:
D
As it helps in appraising the employees weekly, monthly, or yearly work behavior.
