Answer: See explanation
Explanation:
Based on the scenario in the question, there will be a debit to interest receivable in the amount of:
= $51600 × 6%/12
= $51600 × 0.06/12
= $51600 × 0.005
= $280
Interest revenue will also be credited in the amount of $280
Debit: Interest receivable $280
Credit: Interest revenue $280
Answer:
Public interest groups
Explanation:
Interest groups refers to an entity that try to indirectly influence the government. They do this by promoting a candidate that represents a certain view or ideology. These groups will do various efforts to put this candidate in power so he/she can pass a legislation that beneficial for them.
Most interest groups are private entities that want to pass the legislation that only benefit their group. Example would be when oil companies form an interest groups to bring down the tax for fossil fuel.
But some interest groups are trying to influence the government for the benefit of the people rather than their own group. One example of this would be Environmental Defense Fund which established to preserve the environment in United States.
Answer:
Yes, these facts are valid against Hannah which comes under Ratification Doctrine.
Explanation:
Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.
During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.
Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.
Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.
So, based on the facts the contract was valid because it came under Ratification Doctrine.
Answer:
A. True
Explanation:
As we know that the license is been provided that serves alcohol for on-premise consumption and gets less than 50% of its gross receipts from alcohol sales, a cashier can be less than 18 years as well, according to the establishment. The establishment clearly mentions that it acquires less than 50 percent of its total receipts and a cashier can be less than 18 years. The given statements are true.
Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
