Answer:
Debit interest receivable $1,500
Credit interest revenue $1,500
Explanation:
Adjust entries are used in accounting to record accrued revenue or expense at the end of an accounting period.
On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022.
We are to calculate the adjustment at December 31, 2021.
We need to calculate interest accrued at year end. The loan would have stayed for 10 months.
Interest= principal* rate* time
Interest= 20,000* 0.09* (10/12)
Interest = $1,500
So we will debit interest receivable for $1,500 and credit interest revenue.
Answer:
the Position Analysis Questionnaire
Explanation:
Position Analysis Questionnaire -
It is a job analysis questionnaire which judges the skill level for job and the applicants characteristics for the job profile .
The PAQ method composed of detailed questions in order to generate the report analysis .
This have a wide range of application , in the industrial sector and individual and organizational psychology and even in the human resource department .
Hence , The ALTS infosystems is using Position Analysis Questionnaire .
Answer:
Annual deposit= $12,473.70
Explanation:
Giving the following information:
Final value= $2,000,000
Number of years= 37
Interest rate= 7%
To calculate the annual deposit required to reach the final value. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= {2,000,000*0.07)/ [(1.07^37) - 1]
A= $12,473.70
<span>
</span><span>A. causes a decrease in the number of shares outstanding.</span><span>
In a market economy, it is the consumers that will decide how to allocate the productive resources a business uses. The allocation of products is determined by a concept that is known as supply and demand. When there is a demand for a certain product, then obviously the business has to supply that product. It is the job of the business to look out for signs of demand of a certain product and they have to know just how much of that product he should supply.
</span>A market index is a resulting value created from the combination of several stocks and other investment vehicles presenting its total value against a base value at a certain period. It is used to show the whole stock market at the same time keeping track with the way the market changes overtime. The practice of tracking the value of the stock market over a period of time can be used to benchmark to make a credible comparison of stock returns.
