Answer:
Debit Credit
1) Note Receivable 15000
Account Receivable 15000
2) Accrued Interest 900
Interest Revenue 900
3) Cash 1200
Accrued Interest 900
Interest Revenue 300
4) Cash 15000
Note Receivable 15000
Explanation:
Dec 31 Accrued interest will be calculated by dividing the total interest payment of the year by 12 and multiplying it by 8 as May 1 -Dec 31 is 8 months
So 0.09 *15000/8/12=900
May 2017 Interest payment recorded by calculating the total interest payment (15000*0.09)=1200 (cash debited)
And Accrued interest from previous year and this years interest revenue (4/12*1200) will be credit
15000 note receivable credited and 15000 cash debited for the principal repayment.
Answer:
Company needs to invest amount = $23000
Explanation:
Below is the calculation of the present value:
Given the future value, FV = $500000
Number of years, n = 40 years
Real interest rate = 10% - 2% = 8%
Present value = ?
Present value = FV (P/F, r, n)
Present value = $500000 (P/F, 8%, 40)
Present value = $500000 (0.046)
Present value = $23000
Company needs to invest amount = $23000
Answer:
An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run? A. The price level will rise, and the level of GDP will fall.
Answer:
concept definition - demonstration - development - production
Explanation:
Research and development is mainly concerned with the development of a new concept, incorporation into a product, and delivery of product to the market as a way to improve the bottom line of the company.
It allows companies maintain a competitive edge over others in the same industry by bring new and innovative products to the customer.
The stages of R&D include: concept definition - demonstration - development - production.
The innovative idea is first defined and feasibility is evaluated.
The concept is demonstrated to show practicability of the idea.
The concept is further developed to suit customer needs.
Finally production and marketing is done to make product available to the customer.
Answer:
brand loyalty
Explanation:
Brand loyalty: The term "brand loyalty" is determined as the propensity of specific consumers to "continuously purchase" a particular brand's products over some other brand's products. However, a specific consumer's behavioral patterns are responsible for demonstrating that he or she will continue to purchase products from the same company that has been fostered a "trusting relationship".
In the question above, the given statement represents brand loyalty.