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Nastasia [14]
2 years ago
6

A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj

usting entry for this company by completing the following sentence. The required adjusting entry would be to debit the Interest __________________ account and ___________________ the Interest ___________________ account.
Business
1 answer:
baherus [9]2 years ago
6 0

Answer:

The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

Explanation:

The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.

In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.

Therefore, we have:

The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

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Expatriates who are citizens of neither an employer's parent country nor the foreign nation where they are residing and working
True [87]

An expatriate who is a citizen of his employer's home country and lives and works in another country is called a _____. citizens of the homeland.

Workers preparing for international assignments need information about practical issues such as housing, schooling and shopping in their future country of residence. What cross-cultural preparation is most valuable before leaving for an international assignment? Language lessons.

The most important remuneration items for expatriates are basic salary, cost of living adjustment, housing allowance, home leave, education allowance for dependents and insurance payment.

Host Country is any country other than the home country in which an organization operates facilities. An expatriate is an employee from a country other than the home country or host country.

Learn more about Expatriates at

brainly.com/question/17257768

#SPJ4

7 0
1 year ago
A company's strategy is unlikely to succeed unless:
Montano1993 [528]

Answer:

d.both answers 1 and 3 occur.

That is

a.the company has competencies and capabilities to efficiently sustain its competitive differentiation.

c.the company's competitive advantage grows out of the entire system of activities working together.

Explanation:

In a perfectly competitive market firms have similar products and so they must compete with each other to get market share.

Gaining a competitive advantage is key in surviving within the market.

Differentiation of its products is the first step to success. When a firm's product is differentiated from others it will gain more customer loyalty as the end user identies the product with a particular trait for example high quality.

When the companie's activities are well synchronised the company achieves efficiency which is a competitive advantage of higher output than other firms.

8 0
3 years ago
The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi
Strike441 [17]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid =  Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

7 0
2 years ago
You are given the following information on Kaleb's Welding Supply: Profit margin 6.9 % Capital intensity ratio .78 Debt–equity r
Tatiana [17]

Answer:

0.1563946140 or 15.64%

Explanation:

The computation of the sustainable growth rate is shown below:

But before that we need to do the following calculations

As we know that

Profit margin = net income ÷ Sales

So,

0.069 = $86,000 ÷ Sales

Sales = $1,246,376.81159

Now

Capital intensity ratio = Total assets ÷ Sales

Total assets is

= $1,246,376.81159 × 0.78

= $972,173.91304

And,

Debt - Equity ratio = Debt ÷ Equity = 0.9

Now, if debt is 0.9, and equity is 1, Thereforetotal assets is 1.9 (0.9 + 1).

So,

Equity = Total assets x 1 ÷ 1.9

= $972,173.91304 ÷ 1.9

= $511,670.480547

And,  

Return on Equity (ROE) = Net income ÷ Equity

= $86,000 ÷ $511,670.480547

= 0.16807692307 or 16.807692307%

And,

Dividend payout ratio = Dividend ÷ net income

= $16,800 ÷ $86,000

= 0.1953488372

Now  

Retention ratio (b) = 1 - dividend payout

= 1 - 0.1953488372

= 0.8046511628

So,  

Sustainable growth rate (SGR) = (ROE x b) ÷ [ 1 - (ROE × b) ]

= (0.16807692307% × 0.8046511628) ÷ [ 1 - (0.16807692307% × 0.8046511628) ]

= 0.1563946140 or 15.64%

6 0
3 years ago
Input definition.......
Elan Coil [88]
Something that is put in.

The act or process of putting in.

The power or energy supplied to a machine.
3 0
2 years ago
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