Answer:
Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp.
August 01, 2021:
Cash- 20.800.000
Notes Payable- 20.800.000
December 31, 2021:
Interest Expense- 520.000
Interest Payable- 520.000
January 31, 2022:
Notes Payable- 20.800.000
Interest Payable- 520.000
Interest Expense- 104.000
Cash- 21.424.000
Explanation:
August 01, 2021:
Cash- 20.800.000
Notes Payable- 20.800.000
December 31, 2021:
Interest Expense- 520.000
Interest Payable- 520.000
January 31, 2022:
Notes Payable- 20.800.000
Interest Payable- 520.000
Interest Expense- 104.000
Cash- 21.424.000
Answer:
The correct answer is (C) Diagnosis.
Explanation:
The marketing plan is the starting point to successfully implement the business strategies of any business. It is a written document that must contain the objectives, strategies and actions to be performed. It must be developed both strategically and tactically; that is, you must consider the conditions surrounding the business and the details of the execution of the plan.
Within the strategic level, there is the diagnosis. This step is fundamental, as it provides the foundation for the development of a good marketing plan. The diagnosis allows to gather crucial information regarding the initial situation of the business and the market, with which it is possible to anticipate the threats or opportunities provided by external factors.
Answer:
$71,520
Explanation:
we must first determine the monthly payment:
monthly payment = present value / annuity factor
- present value = $608,000
- PV annuity factor, 0.675%, 300 periods = 128.46
monthly payment = $608,000 / 128.46 = $4,732.99
Then I prepared an amortization schedule using an excel spreadsheet. After the 18th payment, the principal balance is $596,005.
The investor will have $667,525 - $596,005 = $71,520
Answer: These can be explained as follows :-
Explanation: A.Causes of environmental problems :-
1. Urbanization
2. Deforestation
3. Overpopulation
4. Waste production
5. Industrialization
B. Poverty means a state of an individual in which he is not able to fulfill his or her basic necessities of life.
Usually poor people are not well educated and are not very ware about the cleanliness around them, they pollute rivers, forest and other natural resources.
The wealthy folks on the other hand, demand more goods and services leading to exploitation of natural resources.
C. People in toady's time period are not very aware about the environmental problems occurring due to heavy consumption of certain goods, inclusion of environment cost will lead to consumer awareness and it might work for the betterment of earth.
Answer:
a) $250,000
b) Zero
c) $6,100
d) $47,500
Explanation:
a) Bloomington owes $250,000 at year-end 2016 for inventory purchase.\
This relates to account payable and the amount to be reported as liability as at year-end 2016 is $250,000.
b)Bloomington agreed to purchase a $31,000 drill press in January 2017.
No liability will be recognized at year-end because the entity has no present obligation as there is no legal or constructive responsibility to pay $31,000. What occurred is just an agreement that can be altered.
c) During November and December of 2016, Bloomington sold products to a customer and warranted them against product failure for 90 days. Estimated costs of honoring this 90-day warranty during 2017 are $6,100.
The entity will recognized $6,100 as warranty payable as the entity has a present obligation as at year-end 2016 to compensate the customer.
d)Bloomington provides a profit-sharing bonus for its executive equal to 5% of reported pretax annual income. The estimated pretax income for 2016 is $950,000. Bonuses are not paid until January of the following year
The entity will report 5% of $950,000 ($47,500) as liability at year-end 2016 as the the entity has a present obligation to settle its executive.
