I think the answer is B, but I am not sure.
Answer:
A. a debit to Interest Expense for $ 36, 000
Explanation:
Based on the information given we were told that Flipco has note payable on January 1, 2018, of the amount of $800,000 and on December 31 we were told that the loan requires annual principal payments of the amount of $80,000 in addition with 5% interest. This means that the Journal entry to record the transaction on December 31, 2019 will includes a Debit to interest expense for $36,000 calculated as :
Interest expense= $800,000-$80,000
Interest expense=( $720,000* 5%* 12/12)
Interest expense =$36,000
Therefore the Journal entry to record the annual payment on December 31, 2019 will includes :
A Debit to interest expense for $36,000
Answer:
What to produce?
Explanation:
What to produce?
Due to the fact that resources are scarce, a producer has to decide what he wants to produce.
In the question above, the consumer has decided to produce consumer goods.
How to produce?
The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .
For whom to produce?
A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.
I hope my answer helps you
The right answer for the question that is being asked and shown above is that: "c. length of credit history." the factor that has the greatest impact in calculating FICO scores is that c. length of credit history<span>
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