Answer:
A. a debit to Interest Expense for $ 36, 000
Explanation:
Based on the information given we were told that Flipco has note payable on January 1, 2018, of the amount of $800,000 and on December 31 we were told that the loan requires annual principal payments of the amount of $80,000 in addition with 5% interest. This means that the Journal entry to record the transaction on December 31, 2019 will includes a Debit to interest expense for $36,000 calculated as :
Interest expense= $800,000-$80,000
Interest expense=( $720,000* 5%* 12/12)
Interest expense =$36,000
Therefore the Journal entry to record the annual payment on December 31, 2019 will includes :
A Debit to interest expense for $36,000
The process of linking relief and development is often a major deviation from the missions of both development and relief agencies.-----False
Linking relief and development:
The key to linking relief and development from the development side is to find ways of reducing (a) the frequency and intensity and (b) the impact of shocks, which will in turn reduce the need for emergency relief.
What is development and relief agencies?
IRD is a nonprofit, nongovernmental organization responsible for implementing relief and development programs worldwide. IRD's mission is to empower the world's most vulnerable communities to achieve self-sufficiency through innovative solutions, applied knowledge and targeted expertise.
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A significant lag for monetary policy is the time it takes to for a change in the money supply to change the economy. a significant lag for fiscal policy is the time it takes to pass legislation authorizing it. <u>False</u>
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Monetary policy is the macroeconomic policy set by the central bank. It is the demand-side economic policy adopted by national governments to achieve macroeconomics, including the management of the money supply and interest rates.
Monetary policy refers to the measures taken by a country's central bank to control the money supply for economic stability. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using tools such as interest rates, reserves, and bonds.
Targets such as inflation, c monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth, and liquidity. Consumption, growth, liquidity.
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In the product markets of the circular flow model, households provide <u>Consumption Spending (or Revenues) </u>to the business sector in exchange for goods and services.
Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.
To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.
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