On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
Explanation:
- On November 1, Wright Co. borrowed $20,000 cash from the Third Bank by signing a 90-day, and 6% of interest-bearing note.
- On December 31, it was recorded an adjusting entry to interest expense of $200.
- On January 30, which is the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
- Interest expense is an expense which is known as a non-operating expense which is shown on the income statement. It also represents interest payable amount when it is borrowed. For Example,
- bonds,convertible debt, loans or lines of credit
- The main difference between the interest expense and the interest paid is that the discount amount and this difference changes the net amount of bond liability.
- Interest expense is an amount determined by the interest rate on an account.
Answer:
4%
Explanation:
The property tax rate required in the given question shall be determined through the following mentioned formula:
Property tax rate=[(Budget expenditure-Non property tax income)/Assessed value of the all properties-Total exemption)]
Based on the above formula:
Property tax rate=[($108 million- $50 million)/($2,000 million-$550 million)]
Property tax rate=$58 million/$1,450 million
Property tax rate=4%
Answer:
EV of node 4 = 0.6×5 + 0.4×0 = 3
EV of node 5 = 0.1×5 + 0.9×0 = 0.5
EV of node 2 = (0.8×5 + 0.2×EV of node 4) - 3
EV of node 2 = (0.8×5 + 0.2×3 ) - 3
EV of node 2 = 4.6 - 3
EV of node 2 = 1.6
EV of node 3 = (0.5×5 + 0.5×EV of node 5) - 1
EV of node 3 = (0.5×5 + 0.5×0.5 ) - 1
EV of node 3 = 2.75 - 1
EV of node 3 = 1.75
EV of node 3 is higher, therefore, best attend pattern is to attend randomly.
The company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.
<h3>What is CSR?</h3>
Corporate social responsibility CSR is a concept where a business engages in activities that makes it accountable to a wide range of stakeholders.
Corporate social responsibly make businesses corporate citizens. A business shares some of its profits with society by funding projects and programs that benefit the community.
Hence, the company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.
Learn more about CSR here : brainly.com/question/14624782
