Answer:
Debit Credit
Loan Receivable $20,000,000
Cash $20,000,000
Interest Receivable $666,666
Interest Income $666,666
Explanation:
Interest is calculated by multiplying 0.08 by 20 million and then dividing it by 2 because the loan is a 6 month loan. As Aug- Dec is 5 months we will record revenue of 5/6 of the interest.
Answer:
The correct word for the blank space is: Phase 2 - Direction.
Explanation:
American Professor Larry Greiner (born in 1933) proposed his Growth Cycle model to explain the process businesses go through at the moment of conducting its operations. According to Greiner, the process faced five (5) stages: <em>Creativity, Direction, Delegation, Coordination, </em>and <em>Collaboration</em>,
In phase 2 - Direction, executives establish the organizational structure of the firm focusing on accounting and capital management at the moment of making decisions. Management is centralized.
Answer:
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Explanation:
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Answer:
Inflation
Explanation:
Inflation refers to a situation of a general increase in the prices of goods and services in the economy. As prices of goods and services rise, the cost of living goes up. Inflation results in the purchasing power of currency to diminish.
Economist uses the consumer prices index to determine the rate of inflation. Inflation means a basket of goods and services will cost more today than it did in the prior period. Rapid economic growth that results in too much money in circulation causes inflation.
Answer:
The individual is able to get to a lower level of utility
Explanation:
