Answer:
Lawrence should make an entry to increase c. interest payable, $1,050
Explanation:
The interest amount Lawrence Company had to pay for the note:
$60,000 x 7% = $4,200
In Lawrence's fiscal year ends on December 31, following 3 months of borrowing the $60,000. Following the Accrual basis, the company should make an adjustment entry to record interest expense with amount:
$4,200/12 x 3 = $1,050
The entry:
Debit Interest expense $1,050
Credit Interest payable $1,050
Answer:
$700,000
Explanation:
As we know that
The income statement is the statement that records the income and the expenditure for a company
The expenses should be shown on debit side while the income or revenue is shown on the credit side
Since the total service revenue earned is $700,000 and the same is to be shown in the income statement as it records all the cash and credit sales or service revenue
Therefore, the total amount i.e $700,000 is reported on the income statement
Answer:
customizing
Explanation:
When you customize an yacht, an jet plane or an exclusive model to wear , automatically takes a long time, dedication, funds and also many customer meetings to check how is the personalized item is being produced.
Know that giving customers too many choices can overwhelm and lead to fewer sales the benefit of limited sharing options
Answer:
C) Lifestyle and Behavior
Explanation:
The reason is that Eco-Athlete is using its customer behavior and lifestyles to target a particular market segment which has common thinking and opinion about a particular item. In this case, Eco-Athlete is using Eco-friendly items because its customer are environmentally conscious which is their behavior that effects their lifestyle. So the company Eco-Athlete is basically using lifestyle and behavior dimension of market segmentation.
