Answer: $23,200 as total current asset for the period
Explanation:
Note Receivable has a value $16,000
Interest on Note = 5%
Accrued for 9 months
Yearly Interest accrued = 16,000*5%*12= 9,600
Interest for 9 months = 9600/12*9 = 7,200
Balance sheet Extract
Other Income
Int Accrued on Note Receivable $7,200
Current Asset
Note Receivable $16,000
Int Accrued on Note Receivable $7,200
Total Current Asset $23,200
In the Tito's Vodka case study, trends in cocktails were studied to create a quarterly recipe for customers. The statement is true.
<h3>
What are cocktails?</h3>
- The Oxford Dictionaries define cocktail as "An alcoholic drink consisting of a spirit or spirits mixed with other ingredients, such as fruit juice or cream".
- A cocktail can contain alcohol, a sugar, and a bitter/citrus. When a mixed drink contains only a distilled spirit and a mixer, such as soda or fruit juice, it is a highball.
- Many of the International Bartenders Association Official Cocktails are highballs. When a mixed drink contains only a distilled spirit and a liqueur, it is a duo, and when it adds a mixer, it is a trio. Additional ingredients may be sugar, honey, milk, cream, and various herbs.
To learn more about cocktails with the given link
brainly.com/question/1320828
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<u>Answer:</u>Option<u> </u>$29,400
<u>Explanation:</u>
The credit items that will be shown on the trial balance are as follows
Accounts payable 2800
Notes Payable 4200
Denton Capital 1400
Revenues 21000
Total Credits in 29400
trial balance
In a trial balance the total debit and credit items should balance. Trial balance has all the items that are posted in the general ledger account. It is a book keeping work sheet that contains the balance of all ledgers. At end of reporting time trial balance is prepared by the company.
Answer: People learned to plant seeds to make crops to survive on.
Answer:
predetermined overhead rate per machine hour $2.10
Explanation:
The overhead rate will be calculate as the sum of the expected cost divide by a cost driver in this case; machine hours
<u>Overhead expected cost:</u>
rent on factory building 13,500
depreciation on factory equipment 6,500
indirect materials 10,000
insuance on factory equipment <u> 12,000 </u>
Total overhead 42,000
machine hours 20,000
42,000 / 20,000 = 2.10
