Buy now, pay later is the Philosophy that i will use when explaining about credit to a friend
Explanation:
- <u>The philosophy of the credit card is based on the credit cycle.(</u><u>i.e Buy Now,Pay Later)</u>
- That means that if you don't have cash-in -hand then you only need to make payment through credit card and then when you have money the amount spend gets debited from your bank Account.
- The credit card follows a 50 days credit cycle
The journal entry to record each semiannual interest payment is:
Debit Bond Interest Expense $22,000; credit Cash $22,000.
<h3>
What journal entries?</h3>
- A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
- An accounting journal, which shows a company's debit and credit balances, records transactions.
- The journal entry can be made up of multiple records, each of which is either a debit or a credit.
- Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
- For example, a corporation may issue 8%, 15-year bonds with a par value of $550,000 that pay semi-annual interest. The market rate is currently 8%.
- The journal entry for each semiannual interest payment is as follows: Debit Bond Interest Expense $22,000; credit Cash $22,000.
Therefore, the journal entry to record each semiannual interest payment is:
Debit Bond Interest Expense $22,000; credit Cash $22,000.
Know more about journal entries here:
brainly.com/question/14279491
#SPJ4
The best option to complete the sentence <em>"Conscientiousness is consistently and positively related to" is task performance</em>.
- Creativity: The ability to use imagination to produce a new idea or product that is useful to society.
- Resilience: The ability to recover quickly from failure, depression, illness or misfortune.
- Cooperation: The act of working together, especially for a common purpose of benefit.
- Supervisor-rated liking: Being liked by the person who monitors someone to make sure workers comply with rules or other requirements set for them.
- Leadership behavior: The quality of having the capacity to lead or direct others
- Task performance: This refers to how work is being done by a person.
Therefore, the best option to complete the sentence <em>"Conscientiousness is consistently and positively related to"</em> is task performance.
Read more:
brainly.com/question/25009745
Answer: d.All of these choices are correct.
Explanation: all of the listed options all make use of standar, manufacturing engineer, accountant, and other management personnel make use of standards to estimate the acceptable production efficiency. Standards are also set by this personnel’s to motivate employees so as to achieve efficient operations and use of man power.
Answer:
The effect that will happen on the net income is an increase in $6,000.
Explanation:
For this product, we have:
Price: $90.
Variable cost: $28
Allocated fixed cost: $18
There is an opportunity to sell 3,000 units at $30, and the firm has excess capacity.
As the allocated fixed cost only counts for the existing level of production (before accepting the 3,000 additional units), they don't matter in the decision.
With excess capacity, the firm only incurs in the variable cost of $28 per unit. If the price is $30, the variation in the net income will be:
The effect that will happen on the net income is an increase in $6,000.
