Microsoft PowerPoint
Managers can use Microsoft PowerPoint to discuss financial problems with the help of slides and charts.
<span>An increase of 11.5 percent is the same as multiplying by 1.115.
Since the current rate is 10 percent, an 11.5 percent increase would be:
10 percent x 1.115 = 11.15 percent.</span>
Answer:
The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is
Debit Credit
Cash $100,000
Notes Payable $100,000
The right answer is c
Explanation:
According to the given data the interest will not be adjusted at the time of loan proceed and issuance of note
Therefore, The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is the following:
Debit Credit
Cash $100,000
Notes Payable $100,000
To record the borrowing
Answer: $45647.45
Explanation:
To solve the question above, first we need to note that:
1 USD = 0.912949 Swiss Francs(CHF)
Therefore, we then convert 50,000 Swiss France to United States Dollars and this will be:
= 50000 × 0.912949
= $45647.45
Answer: 1 and 3 is correct
