Answer and Explanation:
The journal entries are shown below:
On Feb 15
Purchases $800,000
To Accounts payable $800,000
(Being the purchase of inventory on credit is recorded)
On Mar 31
Accounts payable $800000
To Notes payable $800000
(Being the issuance of note is recorded)
On Sept 30
Notes payable $800,000
Interest expense $40,000
To Cash $840,000
(Being the payment of note and interest is recorded)
The interest expense is computed below:
= $800,000 × 10% × 6 months ÷ 12 months
= $40,000
The six months is calculated from Mar 31 to Sep 30
Only these entries are passed
Strategic planning
Explanation:
Process to identify the external and internal conditions of the organisation, determine a strategy and goal, formulate general goals, establish and choose general approaches, and allocate resources for the organization's objectives.
Strategic planning is the method of documenting and guiding the small company— by evaluating where they are and where they're going. The strategic plan actually provides them with the opportunity to record the mission, vision and principles and their lengthy-term goals and intervention plans to achieve them.
Answer:
Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.
Based on the fact that Rita has a compliant about the privacy and data practices of the social media company, Rita can submit a complaint to the Federal Trade Commission.
<h3>Who can consumers complain to?</h3>
The Federal Trade Commission exists for being able to help consumers who are being faced with unfair and unjust business practices.
This means that if Rita has any reason to believe that the social media company is failing in its privacy and data practices policies, Rita can reach out to the Federal Trade Commission with a complaint.
Find out more on the Federal Trade Commission at brainly.com/question/27860621
#SPJ1
Answer:
The Sun is 91.452 million miles away from Earth.
Explanation:
Hope it helped!
