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Lesechka [4]
2 years ago
6

Sandhill Corporation loaned $590000 to another corporation on December 1, 2020 and received a 3-month, 6% interest-bearing note

with a face value of $590000. What adjusting entry should Sandhill make on December 31, 2020?
Business
1 answer:
Oksi-84 [34.3K]2 years ago
6 0

Answer: Debit Interest Receivable and credit Interest Revenue, $2950

Explanation:

Based on the information given in the question, we have to calculate the interest accrued and this will be:

= $590,000 × 6% × 1/12

= $590,000 × 0.06 × 0.08333

= $2949.882

= $2950 approximately

Therefore, the adjusting entry that Sandhill should make on December 31, 2020 will be to:

Debit Interest Receivable and credit Interest Revenue, $2950

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Delicious77 [7]

Answer:

The correct answer is A

Explanation:

Demographics information is the term which is described as the statistical data regarding the characteristics of the population like income, age and gender.

When the data assembles regarding the ages of the people and the genders, it would be an example of the information to be assembled regarding demographics.

Therefore, when the company want to target the customers of the consumer population to the market, the kind of the segmentation will help the company is the demographic information.

4 0
3 years ago
Tyler Young sells a diverse line of conveyor systems to small manufacturers. He has found that he is most successful when he use
WARRIOR [948]

Answer:

The correct answer is letter "C": consultative selling approach.

Explanation:

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3 0
3 years ago
A(n) _____ typically addresses contributions to government officials and political parties, customer and supplier relations, con
tekilochka [14]

Answer: Code of ethics

Explanation:

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The main purpose of the code of ethics is that it helps in providing the various types of ethical guideline to the members of a organization for providing the various types of core values. It is one of the type of document that helps in outline the main mission and also the core values of an organization.  

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3 0
2 years ago
Part E14 is used by M Corporation to make one of its products. A total of 22,000 units of this part are produced and used every
murzikaleks [220]

Answer:

(29,800)

Explanation:

The computation of the financial advantage or disadvantage is shown below:

As we know that

Financial disadvantage = Cost of making - Cost of buying

where,

Cost of making is

= [(Direct material per unit + direct labor per unit + variable manufacturing overhead per unit) × units produced] + additional segment margin

= [($4.7 + $9.30 + $9.80 + $5.20) × 22,000 units] + $34,000

= ($29 × 22,000 units ) + $34,000

= $672,000

And, the Cost of buying is

= Units produced × offered price

= 22,000 units × $31.90

= $701,800

So,

Financial disadvantage is

= Cost of making - Cost of buying

= $672,000 - $701,800

= (29,800)

6 0
3 years ago
The management of Won League Lotteries was planning to shut down one of its offices. This shutdown was going to result in layoff
KatRina [158]

Answer: Soldiering.

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7 0
3 years ago
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