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emmainna [20.7K]
3 years ago
7

Given no monthly adjustments were made during the year, the December 31 year-end adjusting entry to record the interest on a $10

0,000, 12% bond that pays interest annually on November 1 and was sold at par value will include ______.
Business
1 answer:
beks73 [17]3 years ago
5 0

Answer:

Dr Interest Expense account 10,000

Cr Cash account 10,000

Explanation:

We have to calculate how much interest did the company paid = $100,000 x 10/12 x 12% = $10,000

Then we must record the journal entries

  • Dr Interest Expense account 10,000
  • Cr Cash account 10,000

Since cash is an asset and it decreases, then it should be credited.

Since interest is an expense and it increases, it should be debited.

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The economic situation of Rutenia is characterized by the following facts: GDP. Strong economic growth, of about 4%. Unemploymen
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Answer:

See below

Explanation:

Although a great GDP of 4% gives the impression of a strong economy, as is the case here, the inflation rate is much higher than desired. So, economic policies need to be reviewed in order to determine where the problem lies and what steps can be taken to remedy this situation.

3 0
3 years ago
Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fa
Paha777 [63]

Answer:

The standard cost for one hat is $ 11.65

Explanation:

The standard cost of a hat is determined after consider all the manufacturing costs components in it. Based on the data available, it is calculated as under:

Standard Material  3/4 yards @ $ 4 per yard                               $ 3.00

Standard Labor      1 hour at $ 5.75 per hour                               $ 5.75

Factory overhead   $ 2.90 per direct labor hour                         <u>$ 2.90</u>

Standard cost for one hat                                                           <u>$ 11.65</u>

The factory overhead has been considered at one hour, which is the direct labor hour in the standard calculation.

6 0
3 years ago
Sheryl connelly explains that one of the reasons her position exists is because it takes three years to bring a new vehicle to m
arsen [322]
<span>According to Sheryl Connelly, It takes three years to bring a new vehicle to market, requiring the company to anticipate customers' needs. this is one of the reasons for the high failure rate of innovation, known as: Positioning Strategy, where it helps establish your product's or service's identity within the eyes of the purchaser/customer.</span>
3 0
3 years ago
Read 2 more answers
Larson, Inc. is an integrated marketing solutions company. Whenever a client comes to it wondering why a product was not welcome
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Answer:

Defining the problem

Explanation:

In this scenario clients come to Larson Inc wondering why a product was not welcomed by its target audience or why customers have stopped buying another product.

According to Impiric a marketing solutions company the first step in marketing research process is defining the problem.

Why are products not being welcomed by their target audience?

This will give insight and help in formulating a solution to tackle the challenge

6 0
3 years ago
n 2021, nora (28) lived with her daughter, avery (4), her brother, jack (19), and her fiancée, luke (30) for the entire year. no
expeople1 [14]

The Appropriate response is option (one).

  • As the relative cannot have a gross income of more than $4,300 in 2021 and be claimed by you as a dependent, only Avery qualifies as a dependent for Nora.

Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It contrasts with net income, which is the gross income less any applicable taxes and other deductions.

<h3><u>How do gross and net income differ?</u></h3>
  • Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account

To learn more about Gross income, Click the links.

brainly.com/question/26479727

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3 0
1 year ago
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