Answer: $6800
Explanation:
Based on the information that has been given in the question, Interest will be calculated as:
= $200,000 × 7% × 6/12
= $200,000 × 0.07 × 0.5
= $7,000
We then calculate the premium ammortizaion which will be:
= ($202,000 - $200,000) / 5 × 2
= $2000 / 5 × 2
= $2,000 / 10
= $200
Therefore, the interest expense to be recorded will be:
= $7,000 - $200
= $6,800
This action could have been caused by writing off an uncollectible account.
A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.
If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.
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Answer and Explanation:
The Preparation of the company's revenue and spending variances for December is prepared below:-
The report with respect to the company revenue and spending variance is presented in the attachment below
The revenue refers to the sales of the company
And, the spending variance refers to the difference between the actual amount of expenses incurred and the budgeted amount of expenses incurred. The same is shown in the below attachment.
Answer:
the trustee view of representation
Explanation:
Answer:
decrease, upward
Explanation:
When Italian interest rates increase, their demand in Italy would increase, hence a downward pressure on the supply of the same would be required. as the demand of the currency in italy increases, its value also increases. hence there is an upward pressure on the value of the pound against the u.s. dollar.
