Every organization needs a set of ethics policies and procedures to describe how the ethical values are to be implemented. These policies and procedures are the means by which the organization communicates expectations and requirements to its employees. Once ethics policies and procedures are in place, the organization should develop measurements for determining if its ethical standards are being maintained and if those standards are yielding the desired results.
The appropriate response is a referendum. It is an immediate vote in which a whole electorate is made a request to vote on a specific proposition. This may bring about the appropriation of another law. In a few nations, it is synonymous with a plebiscite or a vote on a poll question.
Answer and Explanation:
amount borrowed = $10,000
interest rate =12%
interest accrued = $10,000*12%*1/12
= $100
date general journal debit credit
jan 31 interest expense 100
interest payable 100
To calculate the accrued interest:
Just multiply the interest rate by the balance to determine the annual interest expense. Divide the annual interest expense by 12 to calculate the amount of interest to record in a monthly adjusting entry.So fotr this problem, if a $15,000 note payable has a 6 percent interest rate, multiply 10 percent, or 0.06, by $15,000 to get $900 in annual interest. Divide $900 by 12 to get $75 in monthly interest.
Therefore, the accrued interest is $75.