Answer:
Sep 30 (1 month from Sep 1 to Sep 30), accrued interest for the Pippen note is $70 (=$14,000*6%/12*1)
Oct 31 (2 months from Sep 1 to Oct 31), accrued interest for the Pippen note is $140 (=$14,000*6%/12*2)
Oct 31 (1 months from Oct 1 to Oct 31), accrued interest for the Prime Bank is $161 (=$22,800*9%/12*1)
Explanation:
Assuming the interest rate indicated is per annum
The accrued interest = amount of note x interest rate per annum/ 12 month x number of months accrued.
For the note to Pippen issued on Sep 1, then it’s 1 month at Sep 30 or 2 months at Oct 31
For the note to Prime Bank issued on Oct 1, then it’s 1 month at Oct 31
Answer:
c) acceptable if the advertisement includes no preferential language
Explanation:
In the given case since it is mentioned that grocery store was attractive and he decided to stop the advertising of the property and begins the advertising on two distinct russian internet site so this would be acceptable in the case when the advertisement does not involve any kind of preferential language
Therefore the option c is correct
Answer:
Debit Rent expense $800
Credit Prepaid rent $800
Explanation:
When rent is paid in advance, an asset is reduced while another is increased. The entries required are debit to prepaid rent and a credit to cash account. As the rent expires, the expense is recognized by debiting rent expense and crediting prepaid rents.
Rent expense as at 31 December 2019
= 2/12 * $4,800
= $800
True, but could you elaborate on this ?
Answer:
the correct answer is Identifying courses of action
Explanation:
identifying courses of actions involves identifying different paths and tactics to obtain the goals of the corporation. the success of the corporate strategic achievement depends primarily on the success of this stage.
