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inessss [21]
2 years ago
12

On November 1, 2015, Lendem, Inc. loaned an employee $100,000 at 6% with both the interest and principal due in one year. The ad

justing entry to record the interest earned but not received as of December 31, 2015 includes a: A. debit to Interest Receivable of $1,000 B. debit to Interest Revenue of $1,000 C. debit to Interest Payable of $6,000 D. debit to Cash of $5,000 E. debit to Interest Receivable of $6,000
Business
1 answer:
Finger [1]2 years ago
7 0

Answer:

A. debit to Interest Receivable of $1,000

Explanation:

The journal entry is given below;

Interest Receivables ($100,000 × 6% × 2 ÷ 12) $1,000.00  

             To Interest Revenue  $1,000.00

(being the interest earned but not received is recorded)

Here the interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue

You might be interested in
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets
allsm [11]

Answer:

9.69%

Explanation:

Calculate for the internal growth rate

First step is to calculate the ROA

ROA = $4,819/$38,200

ROA=.1262*100

ROA= 12.62%

Second step is to calculate the plowback ratio b

The plowback ratio, b= 1 – .30

b= .70

Now let calculate the Internal growth rate using this formula

Internal growth rate=(ROA × b)/[1 – (ROA × b)]

Let plug in the formula

Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]

Internal growth rate=.0969*100

Internal growth rate= 9.69%

Therefore the internal growth rate will be 9.69%

3 0
2 years ago
"The next dividend payment by Savitz, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of
scoundrel [369]

Answer:

The correct answer is 10.48%.

Explanation:

According to the scenario, the given data are as follows:

Current price = $27

Expected dividend = $1.48

Growth rate = 5%

So, we can calculate the required return by using following formula:

Required return = (Expected Dividend ÷ Current Price ) + Growth rate

By putting the value in the formula,we get

Required return = ( $1.48 ÷ $27 ) + 5%

= 0.05481 + 0.05

= 0.10481 or 10.48%

6 0
3 years ago
The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This
N76 [4]

Answer:

indenture

Explanation:

a bond indenture is a legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company

a bond indenture would contain the following :

  1. The purpose why the bond was issued
  2. The stated interest rate of the bond
  3. The dates when interests would be paid to bondholders
  4. A list of covenants the issuer is subjected to in the period the bond is outstanding
  5. Actions that would be taken in event of non payment of interest and or principal  

3 0
2 years ago
Describe how to use project documents to help a team progress through the stages of development.
kipiarov [429]

Answer with Explanation:

The objectives of the project at each stage are defined and well documented. Project documents are very useful in understanding of the issues with the project and how to resolve and when to act. All this is possible if we use the project documents in effective manner which will help in running of project very smoothly.

Furthermore, the project documents also helps the project team to understand what they are expected to perform and what are their next responsibility associated with project. The documentation also helps them to understand what are the set objectives of the project which both as an individual and as a team they have to accomplish.

6 0
3 years ago
MRP can apply to services, especially when it is focused on: (I) work-in-process inventory. (II) finished goods inventory. (III)
elena55 [62]

Answer:

E. III and IV only

Explanation:

The MRP which is the Material requirements planning is an inventory management system designed to improve productivity of a business by assisting production managers in scheduling and placing orders of items of dependent demand. That is, it aids in planning, scheduling and controlling inventory during the manufacturing process. The material requirements planning can also be attached to services by focusing it on service components around the business and also focusing it on materials used during the service process.

3 0
3 years ago
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