The journal entry to record the payment of the note and entire interest on april 1, 2017 is as follows; Debit Notes Payable $4,000, Debit Interest Expense 120, Debit Interest Payable 40, <span>Credit Cash $4,160.
April 1,2017
Notes payable $4,000
Interest expense $120
Interest payable $40
Cash $4,160</span>
In case whereby, promotion stimulates demand, then it could bring about lower prices for consumers which can be regarded as promotional issue to the brand.
- For demand to be stimulated, the customers needs are expected to be understood by the brands, and this is at the center of marketing communications.
We can conclude that for promotion to stimulates demand, the result could be lowering of price of goods for the consumer.
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Answer:
Peridot should report net cash outflows from investing activities of: $46 million
Explanation:
Peridot Corporation
Statement of cash flows (extract)
$ in millions
Purchase of machinery ($36)
Proceeds from sale of land 70
Cash paid to acquire office equipment (80)
Net cash flows from investing activities ($46)
Note that reacquired common stock belongs to financing activities section of the cash flows, while gain from sale of land and investment revenue belong to operating activities section of the cash flows
Answer: $12,900
Explanation:
From the question, we are told that Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about buying his LLC interest. Bob's outside basis in Freedom, LLC, is $7,000 which includes his $1,900 one-fourth share of the LLC's debt. Bob's 704(b) capital account is $14,000. We are further told that Tom bought Bob's LLC interest for $11,000.
Tom's outside basis be in Freedom, LLC will be the amount that he paid for Bob's LLC interest plus the share of LLC’s debt. This will be:
= $11,000 + $1,900
= $12,900
Answer:
The correct answer is: because it benefits some consumers who are voters.
Explanation:
A politician will be concerned about his votes. He accordingly will make policies to appease voters.
A price ceiling keeps price level from rising beyond a certain limit, thus consumers will be able to consume at lower prices.
Removal of price ceiling may hurt these consumers as they will need to pay higher prices.
These consumers are also voters and politician do not want them to be favored by them.
So, the politician will find it difficult to remove a binding price ceiling.
