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galben [10]
3 years ago
5

Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end

adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27. Prepare the necessary November 27 entry for Louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
1 answer:
g100num [7]3 years ago
7 0

Answer:

November 27

Dr Cash $15,750

Cr Interest Revenue $625

Cr Interest Receivable $125

Cr Notes Receivable for $15,000

Explanation:

Preparation for the necessary November 27 entry

November 27

Dr Cash $15,750

[$15,000+($15,000 × 10% × 180/360) ]

($15,000 + $750=$15,750)

Cr Interest Revenue $625

( $15,000 × 10% × 150/360),

Cr Interest Receivable $125

Cr Notes Receivable for $15,000

Note that between the month of June 30 and November 27 we would have a total of 150 days

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Mention any five essential elements required for insurance contract​
tatyana61 [14]

Answer:

These elements are definable risk, a fortuitous event, an insurable interest, risk shifting and risk distribution. in addition, there is a very important legal difference between a reserve and an insurance company.

4 0
3 years ago
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the
Andreas93 [3]

Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.

The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.

A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.

The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.

Learn more about financial perspective at

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5 0
2 years ago
Byron is a partner in the Dowdy Group. At the close of the current year, Byron's basis in the partnership is $34,000. At that ti
Kitty [74]

Answer:

$17,000

Explanation:

The partnership takes on/out  the basis of contributed/ distributed property; cash is always consider basis as its face value.

The fair market value of property distributed is used to consider contributor’s gain/ loss only.

The basis in the partnership after distribution = current basis in partnership – cash distributed – basis of any other distribution

Thus Bryon’s basis in the partnership after the distribution = $34,000 - $8,000 = $17,000

6 0
3 years ago
Which savings account will earn the most interest?
mestny [16]

Answer:

it would be 10,000 for 4.00% interest for 4 years.

Explanation:

the reason is the amount would turn out at 10,824 dollars and you earned 824 dollars in income.

3 0
3 years ago
A dental hygienist in an ad for toothpaste is quoted as saying, "If patients could see what I see, they'd all use Colgate Total.
12345 [234]

Answer: Fear Appeal

Explanation:

  According to the given question, the Colgate is using the fear appeal advertisement process for the purpose of attract the customers towards their products and the services in the market.

 The fear appeal describe about a serious types of threats and problems based on the given situation for the purpose of engage the audience and customers on the basis of fear behavior.

The Colgate is using the dental hygienist for their advertisement so that they can provide the main factors for preventing the various types of dental issues or problems by using their brand or products.

 Therefore, Fear Appeal is the correct answer.  

5 0
3 years ago
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