Answer:
31st December
Dr Interest expenses 72
Cr Interest Payable 72
(to record interest expenses payable as at 31st December for note owed to Hyatt)
Dr Interest expenses 200
Cr Interest Payable 200
(to record interest expenses payable as at 31st December for note owed to the Bank)
Dr Interest expenses 12
Cr Interest Payable 12
(to record interest expenses payable as at 31st December for note owed to Towne)
Explanation:
The total interest expenses payable as at 31st December is calculated for each creditors as below:
- 36 days Interest expenses owed to Hyatt: 36/360 * 9% * 8,000 = $72.
- 24 days Interest expenses owed to the Bank: 24/360 x 10% x 30,000 = $200.
- 9 days Interest expenses owed to Towne: 9/360 x 4% x 12,000 = $12.
Answer:
Pay for marketing
Explanation:
Even though marketing isnt one of the biggest problems to deal with with no budget you still need to create a budget for it
Answer:
The correct answer is B
Explanation:
Financial frictions is the stickiness involve in making the transactions, aggregate process comprise of money, time, tax effects and time for gathering the information and make a transaction like borrowing money or purchase a stock.
So, if the policy rate is zero and stimulate the economy at the provided inflation rates, policymakers should lower or decrease the financial friction.
It can be difficult to research new product ideas when customers have never thought about them before.
hope this helps!!