The borrower pays the proper amount due to the seller Cash 3270
<h3>Briefing:-</h3>
1. Interest income of $3000 X (0.18) = 540
2. $540 over six or twelve months equals 270.
3. Journal Entry 3,000 Notes Receivable Interest Revenue 270 Cash 3270
<h3>Interest income is it income?</h3>
Interest income is the profit made from lending money to other organizations. The phrase is typically used in the income statement of the company to describe the interest received on cash held in savings accounts, certificates of deposits, or other investments.
<h3>What do journal entries entail?</h3>
A firm keeps a journal, which is a succinct record of all transactions; journal entries describe how transactions influence accounts and balances.
The information in journal entries serves as the foundation for all financial reporting, and there are several versions to suit different corporate requirements.
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Answer:
Not satisfied with the status quo An idea champion identifies opportunities for change and promotes innovation in the organization, helping to overcome resistance.
An Idea Champion
Explanation:
An idea champion is a member of a certain group with a personality that allows him to play the role of a supportive individual when someone has a good proposal, that makes everyone else involved in that task, reduces resistance to change, and finally guarantees that the objectives are accomplished. This is the type of leader that might not be in a high hierarchical position but can be in a high level of social influence and esteem.
Could be cause of trade , if you have land it is also good for crops which is production
Answer:
d. Calculate total revenue minus total expenses
Explanation:
Profit is Calculated as Total revenue minus Total expenses. Therefore, consider all Incomes generated by the Business whether Primary or Secondary. Also consider all Expenses incurred by the business including Non - Operating expenses.
Answer:
D) The quantity of available rental housing units falls.
Explanation:
Price ceilings often carry long-term disadvantages, such as shortages, extra charges, or lower quality of products.
Price Ceilings major long-term effect is for goods to be in high demand but supply to be in shortfall creating an ongoing presence of a black market
Therefore when cities prevent landlords from charging market rents, the definite consequence and common long-run outcomes is that the quantity of available rental housing units falls.
