Answer:
2021 understated by $3,060
2022 overstated by $3,060
Explanation:
<u>June 30, 2021</u>
DEBIT CREDIT
Note receivable $68,000
Sales $68,000
<u>Dec 31, 2021</u> (July 1, 2021 to Dec 31 2021)
DEBIT CREDIT
Interest receivable $3060
Interest Income $3060
Working = 68,000 x 9% x6/12 = $3060
<u>March 31, 2022</u>
DEBIT CREDIT
Cash 72,590
Interest receivable 3,060
Interest income 1,530
Note Receivable 68,000
Working = 68000 x 9% x 3/12 = 1,530
2021 income will be understated by $3,060 if adjusting entry is not prepared and revenue is not recognized
2022 income will be overstated by $3,060
Answer:The answer is Deep customer knowledge
Explanation:
Deep customer knowledge is a kind of research done by a business in order to know the need of their customers and how the business can help in meeting such need.it is a process of engaging with their customers with a view to know their need so as to ensure that the overall objectives of the business is accomplished. Deep customer knowledge enables a business to build a strong relationships with their customers. The use of deep customer knowledge includes the use of customers service officer to explain to their customers the use of their products or services in order to ensure that they are able to satisfy their customers and improve the sales of the business.
Answer:
The required annual installment payment is $4067.25.
Explanation:
annual installment = (20000×6%)/(1 - (1 + 6%)^6)
= $4067.25
Therefore, the required annual installment payment is $4067.25.
When resources are low, businesses know that they can increase their prices because people need them desperately.
That is false
The court would never do that , but before you would eat , you need to check if this belong to you or not
