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Art [367]
2 years ago
9

On November 19, Hayes Company receives a $15,000, 60-day, 10% note from a customer as payment on his account. What adjusting ent

ry should be made on the December 31 year-end?
A) Debit Interest Receivable $175; credit Interest Revenue $175.
B) Debit Interest Receivable $250; credit Interest Revenue $250.
C) Debit Interest Receivable $75; credit Interest Revenue $75.
D) Debit Interest Revenue $175; credit Interest Receivable $175.
E) Debit Interest Revenue $250; credit Interest Receivable $250.
Business
1 answer:
finlep [7]2 years ago
5 0

Answer:

A) Debit Interest Receivable $175; credit Interest Revenue $175.

Explanation:

The adjusting entry that made as on December 31 is shown below;

Interest receivable Dr  $175

         To Interest revenue  $175

(Being the interest receivable is recorded)

The computation is shown below:

= $15,000 × 10% × 42 days ÷ 360 days

= $175

The 42 days are from November 19 to December 31

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

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There will be 30% of houses without fibre optic internet connectivity or high-definition television.

Groups of components with definite definitions are called sets. A curly bracket serves as a symbol for the number of objects in a finite set.

To choose a subset from a set and draw a conclusion using statistical analysis, use random sampling.

In one town, 20% of homes have both fiber-optic internet connectivity and at least one high-definition television, whereas 40% of homes have one or the other.

The percentage of residences without fibre optic internet connectivity or high-definition television is as follows:

P = 100% - [60% + 30% - 20%]

P = 100% - (90% - 20%)

P = 100% - 70%

P = 30%

30% of houses will not have fibre optic internet connectivity or high-definition television.

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7 0
1 year ago
When shoppers boycotted target because the chain had a policy of not allowing solicitors, including the salvation army, to colle
alexandr402 [8]
The answer is <span>donating $9 million to the Salvation Army. 


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3 0
3 years ago
In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm m
Crank

Answer: True

Explanation:

The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.

It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

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3 years ago
A soft drink bottler incurred the following factory utility cost: $3,711 for 1,250 cases bottled and $3,790 for 1,800 cases bott
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Answer:

$0.1436

Explanation:

Given that,

$3,711 for 1,250 cases bottled

$3,790 for 1,800 cases bottled

Factory utility cost is a mixed cost containing both fixed and variable components.

Variable cost per unit:

= Difference in costs ÷ Difference in units

= ($3,790 - $3,711) ÷ (1,800 - 1,250)

= $79 ÷ 550

= $0.1436

Therefore, the variable factory utility cost per case bottled is closest to $0.1436.

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3 years ago
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Answer:

Theft of intellectual property.

Explanation:

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3 years ago
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