Answer:
make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.
Explanation:
Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.
In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.
The amount accrued since last interest payment date is calculated.
This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.
During the debates over the ratification of the constitution, most people assumed that <u>George Washington</u> would be the first president.
<h3>What is the ratifying the Constitution about?</h3>
The federalists were said to have been in favor of the constitution and they were the set that was said to have wanted a strong national government that the constitution can be able to provided.
Note that the anti-federalists were people who believed that the federalists served as a threat to state governments.
Therefore, During the debates over the ratification of the constitution, most people assumed that <u>George Washington</u> would be the first president.
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The answer to the question is (D) it does not explicitly consider the time value of money.
Payback means the amount of money a company will receive after a project has been completed over a certain amount of time. Its disadvantage lies in the fact that cash flows received during the early years of a project gets a higher weight than cash flows received in later years.
Answer:
The answer is: True
Explanation:
The profit margin of a business can be calculated using the following formula:
- gross profit margin = (gross profit / net sales ) x 100
- net profit margin = (net income / net sales) x 100
The difference between them is that the gross profit margin only considers the difference between net sales and COGS, while the net profit margin includes other expenses.
Answer:
synthesis of chemical compounds with the aid of radiant energy and especially light especially : formation of carbohydrates from carbon dioxide and a source of hydrogen (such as water) in the chlorophyll-containing cells (as of green plants) exposed to light.
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