Answer and Explanation:
The journal entries are shown below:
Cash $84,000,000
To Notes payable $84,000,000
(Being issuance of the note is recorded)
Interest expense($84,000,000 × 15% × 3 ÷ 12) $3,150,000
To Interest payable $3,150,000
(Being interest expense is recorded)
Answer:
Secondary data technique is not perfect for marketing research
Explanation:
The secondary method is useful, as it is difficult to perform or conduct a new survey. More, importantly using secondary data technique in marketing research is not an ideal method, because the data may be inaccurate or outdated. The pharmaceutical company was performing marketing research, and usually, the availability of new marketing data is challenging to get from secondary sources.
Answer:
The correct answer is:
$80,500 (b.)
Explanation:
First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:
Projected sales = 7,000
unit price = $11.50 per unit
Therefore
Price for 7,000 units = 11.5 × 7,000 = $80,500
Form10-Q is the SEC filing form that accompanies quarterly financial report and might be what you are referring to.
