Answer:
From all indications,it is very clear that the question requires a journal entry to record the unpaid interest.
Dr Interest expense $1125
Cr Interest payable $1125
Explanation:
This is a typical case of an omitted entry in the books of accounts,specifically it relates year-end close accounting adjustments.
Under the accrual basis, which is prevalent in the private sector,expenses are to recorded when incurred not when they are settled in cash,as result it is imperative that the above transaction needs be adjusted by debiting interest expense account and crediting same amount to interest payable account to affirm that the company has an obligation to $1125 to mortgage providers.
Answer:
(d) Walt demands 12 boxes of strawberries.
Explanation:
For every 3 box of strawberries, Walt consumes 2 box of cream
=> For every 1 box of strawberry, he will consumer 2/3 box of cream
Suppose, he consumes X boxes of strawberries, then he must consume (2/3)*X boxes of cream
Cost = 10*X + 10*(2/3)*X = 200 = Income
=> 10X + 20X/3 = 200
=. 30X + 20X = 600
=> 50X = 600
=> X = 12
Answer:
<h2>Common Vocational Courses</h2><h3>3.1 Healthcare and Social Assistance.à</h3><h3>3.2 Construction Industry.</h3><h3>3.3 The Manufacturing Sector.</h3><h3>3.4 Food Service.</h3><h3>3.5 Accounting and Bookkeeping.</h3><h3>3.6 Cosmetology and Hair Stylists.</h3><h3>3.7 Computer and IT Support.</h3><h3>3.8 Trucking and Transport Industry.</h3>
Explanation:
hope it help brainliest pls
Answer:
a. 320 units
b. $1,920
Explanation:
EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit
= √ (2 × 3,000 units × $102.40 / ($30 × 20%))
= 320 units
total inventory cost = ordering cost + holding cost
= 3,000 units/ 320 units × $102.40 + 320 units/ 2 × ($30 × 20%
= $960 + $960
= $1,920
