Answer:
d. Debit to Interest Receivable of $6,510.
Explanation:
To interest receivable = $180,000 * 6.2% = $11,160
Interest receivable for 7 months (June 1 - December 31) = $11,160 * (7/12) = $6,510
Therefore, the proper adjusting entry at December 31, 2018, with regard to this note receivable includes a <u>debit to Interest Receivable of $6,510</u>.
Answer:
C) The friend may sell the land only after formally foreclosing on the property.
Explanation:
The friend is not the current owner of the land, but he will be if he forecloses the property. The friend received the deed for security purposes, but the ownership was not transferred. This deed can be treated as a mortgage and the friend (creditor) needs to foreclose it thorough a judicial actions before being able to sell it to a third party.
The friend may sell the land, but only after formally foreclosing
Answer:
the derived demands would most likely be increased.
Explanation:
When the new high school opened next to the fast food resturant i.e. popular so here it increased the consumers for that restaurant also the majority of the consumers would be the students only as it near by the school. Also the price should be cheap so that it can be easily afforded by the students
Therefore the derived demand should be likely to rise
Answer:
The correct answer is that the valuation would decrease total assets and stockholders’ equity by $101.00
Explanation:
Item Cost Market price Impact
Quantity
1 220 $ 4.40 $ 4.60 no impact as cost is lower
2 130 $ 6.20 $ 6.00 ($6.20-$6.00)*
130=$26
3 100 $ 10.00 $ 9.25 ($10-$9.25)*100 =$75
4 25 $ 20.50 $ 25.00 No impact as cost is lower
The total reduction in the value of inventory as a result of adopting the lower of cost or market price valuation is $101 ($75+$26),hence decreases total assets by $101 and the stockholders' equity(retained earnings which is a component of stockholders' equity ) by the same amount
Answer:
i b) Group cohesiveness
ii c) Group heterogeneity
iii a) Group norms
iv d) Social loafing
Explanation:
i b) Group cohesiveness (this terms refers to the strong link between members of a social group as a whole)
ii c) Group heterogeneity (Refers to inter functional collaboration, individuals from different fields will be working together)
iii a) Group norms (refers to the informal rules that a group adopts and regulate on its own)
iv d) Social loafing (this terms refers to the idea that people are prone to exert less effort while working in a group, considering that others will take care of the work)
