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3 years ago

Which of the following statements is correct regarding the adjusting entry to record interest accrued on a note payable?

Business

1 answer:

WARRIOR [948]3 years ago

5 0

Answer:

b. Interest on a note payable should be credited to Notes Payable because it increases the amount of principal to be repaid at the maturity of the note.

Explanation:

Interest accrued on a note payable journal entry :

Debit : Interest Payable

Credit : Note Payable

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Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received

Elden [556K]

Answer: Company Pays $1640

Carol Bryd pays $410

Explanation:

The total bill is $2300 and the deductible needs to be taken out.

$2300-$250

=$2050

Company Payment.

Company Pays 80% which translates to 0.8

0.8*2050

= $1640 is the company Payment.

Carol then pays the difference which is

$2050 - $1640

= $410

Carol pays $410

6 0

2 years ago

Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:

Doss [256]

Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

Learn more here:

brainly.com/question/3520708

7 0

2 years ago

Dont give some bolonie long answer just say a, b, c , or d and If you don’t now or you think you now don’t answer thanks

Vitek1552 [10]

Answer:

your answer is

B. This is a heading

good luck :)

7 0

3 years ago

If the total assets of a business are $107,000 and its liabilities are $75,000, which of the following statements is correct?

Lady bird [3.3K]

Answer:

a. liabilities are $32,000

Explanation:

Note: In question part $75,000 shall represent equity, as there are only 3 parts of balance sheet assets, equity and liabilities, if assets are given liabilities is what we need to calculate the missing is equity.

Thus, $75,000 is treated as equity.

In that case we have,

Assets = Equity + Liabilities

$107,000 = $75,000 + Liabilities

Assets - Equity = Liabilities

$107,000 - $75,000 = Liabilities

$32,000 = Liabilities

Therefore, correct option is

a. liabilities are $32,000

7 0

3 years ago

What gives rise to the problem of scarcity?

horsena [70]

Answer: I honestly have no idea im just stupid and i need points so yea im sry bye

Explanation:

5 0

3 years ago