1) Recording the adjusting entry for Interest Expense on December 31, 2018, for Pennington Company is as follows:
Adjusting Journal Entry:December 31, 2018
Debit Interest Expense $2,250
Credit Interest Payable $2,250
To accrue interest expense for 3 months.2) July 1, 2019
Debit Interest Expense $4,500
Credit Interest Payable $4,500
To accrue interest expense for 6 months.Debit 10% Note Payable $90,000
Debit Interest Payable $6,750
Credit Cash $96,750
To record the payment of cash for principal and interests.Transaction Analysis:October 1, 2018: Cash $90,000 10% Note Payable $90,000
December 31, 2018 Interest Expense $2,250 Interest Payable $2,250
July 1, 2019 Interest Expense $4,500 Interest Payable $4,500
10% Note Payable $90,000 Interest Payable $6,750 Cash $96,750
Thus, the total interest expense for the note issuance for nine months is $6,750 ($90,000 x 10% x 9/12).
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10 points easy………………
Explanation:
The C is the correct answer
As it is pointing to personal harm while all other are not
Easy question 20 points……..
Answer:
The correct answer is A.
Explanation:
The “intrusion of solitude” means that someone can sue regarding an invasion of privacy tort.
Credit Reports
Why is it important to check your credit history? Check all that apply.
to track my current debt
to determine whether I need a loan
to ensure that the information is correct
to monitor my credit score
Oto decide which bills to pay
to plan for future investments
It is important to check your credit history to
track my current debt
What is credit history?Credit history helps to show the record of individual transactions including how the person managed his or her credit. This include past transactions.
Therefore, It is important to check your credit history to track my current debt
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Which of the following is an example of a secured loan?
A. A student loan
B. A personal loan
C. A car loan
D. A credit card
Paula has saved $8,000 for her college expenses by working part-time. She plans to start college next year and needs all of the money she saved. Which of the following is the safest place for her college money?
Activity
Part A: Browse career websites to learn about audiovisual and communications occupations and choose two jobs. Briefly summarize how the Jobs
you chose are related by skills and services offered. Select which occupation you would like to pursue.
Answer:
we can't answer this. this is your opinion.
Design a process flowchart for hotel staff who are in charge of getting online room bookings and confirming rooms for customers through emails after receiving their orders with a required deposit.
Your process flowchart needs to solve 2 following situations:
1. Available rooms matching demand. 2.Out of room
A flowchart allows us to organize the activities that make up a sequential process. In this case, it would be the steps to obtain a hotel room reservation.
What is a flowchart?Flowchart is a term to refer to a type of representation to represent an algorithm or process. It is used in disciplines such as:
ProgrammingEconomyIndustrial processes.Cognitive psychology.How to make a flowchart for the situations presented?To make a flow chart of the situations presented, we must take into account all the activities necessary to complete these procedures, for example:
Rooms available according to demand.Receive confirmation email with deposit required.Get room reservations online.Confirm reservation via email.Learn more about flowchart in: https://brainly.com/question/14956301
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1. What are the different account titles used in balance sheet account under current assets?
Answer:
1. Cash
2. Accounts Receivable
3. Inventory
4. Prepaid Expenses
5. Short-term investments
Cryptocurrency is a form of payment that:
A. can be exchanged online for goods and services.
B. can only be exchanged for specific things.
C. can be used for digital or face-to-face transactions.
D. exists online and in local banks.
Answer:
The answer is A. can be exchanged online for goods and services.
Explanation:
Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet.PLEASE ANSWER FAST
__________ are courses that you take to get credit, but which aren’t required to graduate.
A. Esthetics
B. Electives
C. Fine arts
D. Clubs
Answer:
I think That the answer is B. Electives
Explanation:
Electives are a class that you choose that can give you credit in high school.
Nihon Company had the following transactions involving notes payable.
July 1, 2017 Borrows $50,000 from First National Bank by signing a 6-month, 12% note.
Dec. 31, 2017 Prepares adjusting entries.
Apr. 1, 2018 Pays principal and interest to First National Bank.
Prepare journal entries for each of the transactions.
The preparation of the journal entries for each of the transactions for Nihon Company is as follows:
Journal Entries:July 1, 2017 Debit Cash $50,000
Credit Note Payable (First National Bank) $50,000
To record the receipt of loan on note payable at 12% for 6-months.Dec. 31, 2017 Debit Interest Expense $3,000
Credit Interest Payable (First National Bank) $3,000
To accrue interest expense.Apr. 1, 2018 Debit Interest Expense $1,500
Credit Interest Payable (First National Bank) $1,500
To accrue interest expense.Debit Note Payable (First National Bank) $50,000
Debit Interest Payable (First National Bank) $4,500
Credit Cash $54,500
To record the payment of note payable and interest.Transaction Analysis:July 1, 2017 Cash $50,000 Note Payable (First National Bank) $50,000
a 6-month, 12% note.
Dec. 31, 2017 Interest Expense $3,000 Interest Payable (First National Bank) $3,000
Apr. 1, 2018 Interest Expense $1,500 Interest Payable (First National Bank) $1,500
Note Payable (First National Bank) $50,000 Interest Payable (First National Bank) $4,500Cash $54,500
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7. When Professor Park travels for business, she always rents her car through Station Rental
Company because no matter the office location they honor her corporate rate. On her most recent
three business trips, Professor Park has rented her car through Station Rental Company and she
received her normal rate for the first two trips to Idaho and Florida, but she received a higher rate
for the last trip to Oklahoma. Professor Park completed an online survey to express her
disappointment that her normal rental rate was not honored at the Oklahoma rental office. This
scenario is an example of which service characteristic?
Omarketability
O inseparability
O variability
O intangibility
The provided scenario gives an example of variability in the service provided by the rental company.
Option C is the correct answer.
What is meant by corporate rate?The corporate rate is the fees levied by the hotel or rental company for a stay from their guests.
The variability in service by the rental company can be analyzed from the charging of two standard rates for the initial two trips done by the Park in respect of renting a car. But for the third trip, Park has to give a much higher amount for the same company for the renting service.
Therefore, the levying of higher charges for the third trip creates variability in the rental services provided by the company.
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How effective is it to try to find someone else who may be able to do the interview? (0.5 hours)
It can be deduced that it is highly effective is it to try to find someone else who may be able to do the interview.
What is an interview?It should be noted that an interview simply means a meeting of people face to face to discuss on a particular issue.
In this case, it can be inferred that can be deduced that it is highly effective is it to try to find someone else who may be able to do the interview.
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Which view is represented below?
Datasheet view
Design view
PivotChart view
PivotTable view
Answer:
Datasheet view is represented
Answer:
Datasheet view is the answerExplanation:
A datasheet is a useful way of viewing data in Acces.Most importantly,datasheet view allows a user to view many table records at the same time.In datasheet view,information is displayed in rows and columns-similar to a spreadsheet.Records are displayed as rows,so each row is an individual record.Global marketing strategies that affect customer volume include strategies that: Attract new customers to grow in market share. Grow the market demand by bringing more customers into a market. Enter new markets to create new sources of customer volume Require some level of marketing effort to achieve a certain level of market share. A. (i), (iii) and (iv) B. (i), (ii) and (iii) C. (i) and (ii) only D. (i), (ii), (iii) and (iv)
The option D is true as all the statements refers to the global marketing strategies that affect the customer.
What are Global marketing strategies?Global marketing strategies are a part of an overall business plan. It is the process of adjusting the marketing strategies of a company to better fit the needs of potential customers in other countries.
Entering a new international market can give a company access to a new customer base, which can increase company revenue.
This may also have several other benefits, such as reduced labor costs, access to additional resources, and the ability to diversify risks.
Hence, Option D is true as it covers all the Global marketing strategies that affect customer volume.
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If the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is the following: a. Impossible to determine b. E45 c. E35 d. E30
If the total cost is E1000 and the average fixed cost is E15 with 20 units of output, then the average variable cost at that level of output is c. E35.
What is the variable cost?The variable cost is the cost element that varies with output.
When the output increases, the variable cost increases in total, while remaining the same per unit.
Data and Calculations:Total cost = E1,000
Average fixed cost = E15
Output = 20 units
Total fixed cost = E300 (E15 x 20)
Total variable cost = E700 (E1,000 - E300)
Average variable cost = E35 (E700/20)
Thus, if the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is c. E35.
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1. Describe a company that you think uses advertisement well as a promotional strategy.
What do you think makes their advertisements successful? (1-5 sentences. 2.0 points
Answer:
Coco-Cola.
Explanation:
Because of how many ads they put on tv this is my answer.
Explain how the open market works through the balance sheet of the central bank and related entities?
Answer:
Open market operations (“OMOs”) are the central bank's primary tool of monetary policy. If the central bank wants interest rates to be lower, it buys bonds. Buying bonds injects money into the money market, increasing the money supply.
Communication response time must be faster than in the past to succeed in the modern workplace. please select the best answer from the choices provided t f
Due to the nature of the work environment now, it is true that communication response time must be faster than in the past to succeed in the modern workplace.
What is communication response time?Communication response time refers to the time it takes for information passed between two or more persons to be received, processed and responded to by the individuals receiving the information.
The current work environment is fast-paced and requires faster communication response time.
Therefore, it is true that communication response time must be faster than in the past to succeed in the modern workplace.
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Tax incidence is concerned with tax loopholes.
Please select the best answer from the choices provided
Т
F
Answer:
F
Explanation:
Tax incidence is concerned with tax loopholes. FALSE.
The belief that taxes should be paid based on benefits received, despite total income, is known as the benefit principle of taxation.
A friend has been awarded a settlement in a law suit that specifies he be paid $30,000 at the start of each quarter for the next 6 years. Additionally at the end of year 6 he will receive a one-time payment of $500,000.00. He wishes to renegotiate this settlement to a single lump sum payment due today. If we assume that your friend can earn 8% per annum compounded quarterly on sums invested, what is the minimum amount that he should accept in the renegotiated settlement?
Based on the amount that your friend will be paid every quarter and the amount he will receive at the end of 6 years, the minimum amount he should take is $889,616.
What amount is the minimum your friend should accept?The amount your friend will receive is constant so this is an annuity. It is an annuity due because it comes at the start of the period.
The minimum amount your friend should take is:
= Present value of annuity due + Present value of end of 6 year payment
The period is: The rate is:
= 6 years x 4 quarters = 8% / 4 quarters
= 24 quarters = 2% per quarter
The minimum amount is:
= (Annuity x Present value of Annuity Due interest factor, 2%, 24 periods) + (500,000 x Present value factor, 2%, 24 periods)
= (30,000 x 19.2922) + (500,000 x 0.6217)
= $889,616
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interview a business owner manager on a crisis experienced in a workplace. Attach an interview schedule as part of your oral presentation
It is essential to prepare a script with well-structured and organized questions to conduct an effective interview on any topic.
What to ask in an interview for a survey?The questions must be objective to avoid ambiguity and obtain the answers that will solve your thesis. To interview a company manager about a crisis in the workplace, some questions might be:
How did the crisis arise?What was the risk management plan?How did the company get over it?Therefore, it is essential that the research is planned and conducted in an organized and structured manner for effective results.
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Inter1. Interview a business owner/manager on the crisis experienced in the workplace
The outcome of the interview shows that the crisis experienced in the workplace is due to:
Financial CrisisPersonnel CrisisOrganizational CrisisTechnological Crisis, etc.What is a business crisis?This is known to often take place when an unexpected issue comes up and puts the stability of a company or firm at risk.
Therefore, The outcome of the interview shows that the crisis experienced in the workplace is due to:
Financial CrisisPersonnel CrisisOrganizational CrisisTechnological Crisis, etc.Learn more about crisis from
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Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international business and trade today.
The Bretton Woods Agreement established four ideas or organizations that are still crucial to international commerce and trade today, that are the International Monetary Fund, Exchange Rate, Promote Economic Growth, and Prevent Competitive Regulations.
What is Bretton Woods Agreement?The Bretton Woods Agreement was the system that was established to use gold as the worldwide benchmark for creating a fixed currency exchange rate.
This agreement was signed by the 44 representatives from countries. Which led to the establishment of the International Monetary Fund (IMF) and the World Bank.
The four main ideas that were established by this agreement were the Exchange Rate, International Monetary Fund, Prevent Competitive Regulations, and Promote Economic Growth.
Therefore, the four ideas of this agreement is important to the businesses.
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The business entity assumption is important because?
A. It limits the amount that a company can record for its transactions in the accounting records.
B. It requires that the company record all of its economic transactions in accordance with GAAP.
C. It requires that all transactions be recorded in the period in which they occur
D. It limits economic data in the accounting system to data directly related to the activities of the business
The business entity assumption is an accounting principle that makes a legal distinction between the transactions carried out by a business.
What do you mean by business entity assumption?A business entity assumption refers to an accounting principle that makes a legal distinction between the transactions carried out by a business and the transactions of the owner.
It is important because it limits economic data in the accounting system to data directly related to the activities of the business.
Therefore, D is the correct option.
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An argument for trade tariffs is that it protects infant industries.
Answer:
The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.
contact a research and determine is pepsi and coca cola are duopoly
Research shows that Pepsi and Coca-Cola are a duopoly because the two firms control the carbonated beverage industry worldwide.
What is a duopoly?A duopoly is a form of oligopoly in which two major firms control a market.
With an oligopoly, few firms operate and control the market for a product or service. But with a duopoly, only two main corporations operate in the market or industry.
Thus, we can conclude that Pepsi and Coca-Cola are a duopoly in the carbonated beverage industry.
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Choose the letter of the item that best completes the statement or answers the question. Last year Jackson earned $500,000, Velez earned $50,000, and Bari earned $5,000. According to their states’s tax laws, each one had to pay a tax of $500. Which one of the following terms best describes this tax? (a) progressive (b) proportional (c) regressive
(d) inexpensive.
2. Which one of the following is an example of an excise tax? (a) individual income tax (b) tax on perfume (c) corporate income tax
(d) ticket of admission to Yosemite National Park.
3. Rose Chin just purchased $12 worth of school supplies. The state
sales tax is 5 percent. How much did Rose have to pay for the supplies? (a) $12.60 (b) $11.40 (c) $18 (d) $6.
4. Which of the following would be an example of a property tax? (a) a
tax based on the value of one's home (b) admission to Yellowstone
National Park (c) a tax deducted from one's weekly wages (d) a tax
added to the price of gasoline.
5.
Which one of the following is the best example of the ability-to-pay
principle? (a) bridge toll (b) income tax (c) sales tax (d) property tax.
6. Which one of the following is an example of a tax based on the benefits-received principle? (a) bridge toll (b) income tax (c) sales tax
(d) property tax.
7. In the United States, taxes are used to accomplish all of the following except (a) help pay for the cost of government (b) take from the
rich and give to the poor (c) determine which brands consumers
buy (d) keep certain goods out of the country.
8. Brown owns an apartment house in the city. There are 50 units
in the building. Brown must pay $7,200 a year in property taxes
to the city. To make up for this tax, Brown has added $12 to the
monthly rent on each apartment unit. For the apartment tenants,
the tax is (a) an indirect tax (b) a direct tax (c) an income tax (d) a
sales tax.
9. Who ultimately bears the burden of the tax in question 8? (a) the
city (b) Brown (c) the tenants and Brown (d) the tenants.
10. Which one of the following is an example of a protective tariff?
(a) tax on theater tickets (b) sales tax on clothing (c) bridge toll
(d) tax on the importation of foreign-made cars.
1. According to their states’ tax laws, which require each one to pay a tax of $500 despite their different earnings, the best description of the tax is (c) regressive.
What is a regressive tax system?A regressive tax system is one where taxpayers pay a disproportionate share of the tax burden, given their earning levels.
A regressive tax system is not proportional or progressive.
2. An example of an excise tax is (b) tax on perfume.
3. The amount Rose Chin paid for the purchase of school supplies based on the state sales tax of 5% is a) $12.60 ($12 x 1.05).
4. An example of a property tax is a) a tax based on the value of one's home.
5. The best example of the ability-to-pay principle is b) income tax.
6. An example of a tax based on the benefits-received principle is (a) bridge toll.
7. In the United States, taxes are used to accomplish all of the following except (c) determine which brands consumers buy.
8. For the apartment tenants, the tax is d) a sales tax.
9. The ultimate tax-burden bearer in question 8 is (d) the tenants.
10. An example of a protective tariff is (d) tax on the importation of foreign-made cars.
Thus, while income tax is mostly progressive in the United States, sales taxes are proportional, while some taxes are regressive because the amount paid is fixed and does not depend on the ability-to-pay principle.
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Answer:
1. c
2.b
3.a
4.A
5.b
6.a
7.C
8.A
9.d
10.d
***straight from Penn Foster Chapter 27***
Susan observed that the advertisement of a competitor of her company was deceptive. She decided to complain about the advertisement to the proper authorities. This led to a dispute between her company and the competitor. Which agency is likely to solve the dispute between Susan’s company and the competitor? The is likely to solve the dispute between Susan’s company and the competitor.
The agency that is likely to solve the dispute between Susan’s company and the competitor is the Federal Trade Commission.
What is an Advertisement?This refers to the creation of awareness about a particular good or service to potential customers by listing the benefits of using the good or service.
Hence, we can see that based on the fact that the advertisement of a competitor is believed to be deceptive by Susan, she makes a formal complaint, and the agency that can solve this dispute is the Federal Trade Commission.
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Answer:
Federal Trade Commission
Explanation:
These are the guys that solve disputes between companies.
A management consultant is evaluating the effectiveness of the control systems at AAA Corporation. Which of the following are the characteristics that will be used by the consultant?
The characteristics that will be used by the consultant in evaluating the effectiveness of control systems are flexible, fast and timely information.
What is a control system?It corresponds to a system that organizes, commands and controls data transforming them into relevant information for decision making. In an organization, control systems help to broaden the view of organizational performance.
Therefore, an effective assessment of the evaluation of control systems is in relation to the availability and accuracy of the information provided by the system.
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