Answer:
Part 1:
Account Debit Credit
Cash $11,500
Notes Payable $11,500
(On 12% Interest)
Part 2:
Account Debit Credit
Interest Expense $690
Interest Payable $690
Part 3:
Interest Expense = $690
Interest Payable = $690
Explanation:
Part 1:
July 1, 2018 Midshipmen borrows $11,500 from Falcon Company.
Account Debit Credit
Cash $11,500
Notes Payable $11,500
(On 12% Interest)
Part 2:
From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is
($11500 * 1% = $115).
For 6 months Interest expense = $115 * 6
For 6 months Interest expense = $690
General Entry:
Account Debit Credit
Interest Expense $690
Interest Payable $690
Part 3:
Same as Part 2 i.e
From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is
($11500 * 1% = $115).
For 6 months Interest expense = $115 * 6
For 6 months Interest expense = $690
Interest Expense = $690
Interest Payable = $690
Answer:
ahhhh i dont know sorry but i get free pints
Explanation:
Answer:
Managers are most likely to use detailed rules, SOPs( standard operating procedures), and restrictive norms to govern employees activities.
Answer:
$18,800.
Explanation:
LIFO method of Inventory Cost Flow assumes that the recently purchased goods are sold first. The company sold 2,100 units. 1,900 out of 2,100 were recently purchased at a cost of $12.25 each, and the remaining 200 units are those that were purchased earlier at a cost of $11.75. It means that the company is just left with 1,600 units (1,800 - 200) that were Purchase at a early date because all the recently purchased stock has been sold out whereas 200 has been sold out from that of earlier ones.
⇒ Ending Inventory = 1,600 * 11.75 = $18,800.
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Answer:
c. she is personally motivated to devote time and energy to the information.
Explanation:
central route is when you actively think about and weight information against what you already know; considering arguments carefully.
Nancy will be more likely to process this information through the central route if she is personally motivated to devote time and energy to the information.
