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Misha Larkins [42]
3 years ago
5

In its 20X3 financial statements, Cris Co. reported interest expense of $85,000 in its income statement and cash paid for intere

st of $68,000 in its cash flow statement. There was no prepaid interest or interest capitalization either at the beginning or end of 20X3. Accrued interest at December 31, 20X2, was $15,000. What amount should Cris report as accrued interest payable in its December 31, 20X3, balance sheet?
a) $2,000b) $15,000c) $17,000d) $32,000
Business
1 answer:
IgorLugansk [536]3 years ago
3 0

Answer:

The answer is: D) $32,000

Explanation:

In 20x3, Cris. Co. paid in cash $68,000 for interest, including $15,000 of interest from 20x2.

The amount of cash paid for 20x3 interests = $68,000 - $15,000 = $53,000

Interest payable = interest expense 20x3 - cash paid for 20x3 interests

interest payable = $85,000 - $53,000 = $32,000

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Tyler cannot afford to hire a sales person for his small business but feels personal selling is the best way to encourage prospe
Serggg [28]

Answer:

the most cost-efficient mode of selling may be to use sales or marketing representatives

Explanation:

Personal selling by Tyler can divert his focus from proper management practices of the firm's activities.

Selling involves constant interaction with the customer and follow up on prospective clients.

This can be stressful and lead to lose of sales revenue through ineffective customer engagement.

Hiring a sales representative is more cost effective because sales representatives are hired on a contract basis with commission paid on performance.

This ensures that a reasonable amount is paid to get execute the sales process.

6 0
4 years ago
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and she can use 24 hours per day. what
Allushta [10]

Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and she can use 24 hours per day. The Market rate of substituion between leisure & income is $8 per day.

Because the budget line FE describes the opportunities available to a worker who has $100 of nonlabor income per week, faces a market wage rate of $10 per hour, and has 110 hours of nonsleeping time to allocate between work and leisure activities This means that the person will choose the level of goods and leisure that lead to the highest possible level of the utility index given the limitations imposed by the budget constraint.  

Leisure is the time when you are free from work or other duties and can relax.

Limitations the act of controlling the size or extent of something the act of limiting something.

Budget is a spending plan based on income and expenses.

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3 0
2 years ago
How many 1/2 are there in 6?​
Neporo4naja [7]

Answer:

\boxed{12}

Explanation:

<em>Hey there!</em>

To find the amount of 1/2’s in 6 we will divide,

6 / 1/2

= 12

So there are 12, 1/2’s in 6.

<em>Hope this helps :)</em>

7 0
3 years ago
Read 2 more answers
How to write a table of content ​
zvonat [6]

The table of contents should include all of the front matter, primary material, and back matter, as well as the chapter titles, page numbers, and bibliography. A decent table of contents should be simple to read, correctly formatted, and finalized to ensure complete accuracy.

a matrix or grid of information with columns and rows. a table including a number of mathematical calculations.

After the title page, begin a new page.

List the document's headings in alphabetical order.

Include subheadings if necessary.

Give each heading a page number.

Place the information in a table.

the Table of Contents' title.

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3 0
2 years ago
Wendy, a graphic designer, does not work for one particular company. She gets assignments and contracts from different companies
zalisa [80]

Answer:

Contingent workers

Explanation:

Contingent workers are people hired to do a specific assignment in an organization. They consist of independent workers, freelancers, consultants, out-sourced employees, and other non-permanent workers who are hired on per job basis. Contingent workers are not considered employees of the organization.

Contingent workers are usually highly skilled, unlike most of the temporary workers. They are hired to work on specific tasks in their areas of specialization. Contingent workers exit a company after their task is completed. They may be re-hired by the same company or any other institution. For example, a tax consultant may be contacted to do tax calculations in a company. Once the assignment is over, they get paid and leave the organization.

6 0
4 years ago
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