Answer:
(a) Taci Company lent the money on September 1:
Debit Notes receivable $88,000
Credit Cash $88,000
<em>(To recognize notes receivable)</em>
(b) On December 1:
Debit Cash $88,880
Credit Notes receivable $88,000
Credit Interest receivable $880
<em>(Collection of notes principal and interest at maturity)</em>
Explanation:
Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Interest revenue on the notes is calculated as: Principal x Interest Rate x Time
In this case, the total interest revenue is $88,000 x 4%/12 x 3 months = $880.
Monthly interest revenue is therefore $880 / 3 months = $293.33.
In order to write the proposal, i will first count all the expense that should be paid for using both off-site storage and the computerized system.
After that, i will compare the cost to the benefit that the department will get if we're changing into the computerized system (such as larger space, faster processing, more secure, etc)
Answer:
This is an example of a
b. an ordinary annuity.
Explanation:
Aaron's cash inflows of $7,500, which he receives at the end of the year, is an ordinary annuity because it comprises a series of equal payments receipts received over a fixed length of time, and it occurs at the end of the year. If Aaron receives the series of payments at the beginning of each period and not at the end, it will be described as an annuity due. If Aaron receives the series of payment indefinitely, it is called a perpetuity.
True. It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.
If a company produces and sells a fault product, they are liable for what happens next. If a customer was hurt when using the product correctly, they are at fault. Ethically and morally correct would be to stand up for their product, accept responsibility and help the customer.
The most impact this business move would cause are that restaurants close to the office building may close due to lack of customers and people would move out of Connecticut causing a housing market issue with too many homes for sale.
<h3>
What are the consequences of moving a business?</h3>
The closing of a business in a city or state is fraught with difficulties. The local community will be most impacted by the company's shutdown or transfer. While the government and the community have benefited from the corporation for more than a century, it is leaving a void in society. The neighborhood will be impacted because individuals will leave Connecticut, which will result in a housing market problem with too many homes for sale. Restaurants might possibly close because the move will result in a major drop in patronage given the already precarious state of the economy.
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I believe the question you asked is incomplete and wanted an answer for this question:
"This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state. How would Aetna leaving have an impact on the local community?
a. Restaurants close to the office building may close due to lack of customers.
b. Courses in insurance adjustment would no longer be offered at the community college.
c. People would move out of Connecticut causing a housing market issue with too many homes for sale
d. Employees would no longer exercise at the local park
e. There would be vacant office buildings with no property taxes being paid."