answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fomenos
1 year ago
7

On the first day of the fiscal year, Shiller Company borrowed $63,000 by giving a five-year, 12% installment note to Soros Bank.

The note requires annual payments of $17,773, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $7,560 and principal repayment of $10,213. Journalize the entries to record the following: a1. Issued the installment note for cash on the first day of the fiscal year.
Business
1 answer:
lidiya [134]1 year ago
8 0

Answer:

Bank A/c  Dr           $63,000

  To Notes Payable                         $63,000

(Being the issuance of the installment note for cash is recorded)

Explanation:

The journal entry is shown below:

Bank A/c  Dr           $63,000

  To Notes Payable                         $63,000

(Being the issuance of the installment note for cash is recorded)

For recording this transaction, we debited the bank account as it increased the assets account and at the same time it decreased the liabilities so the notes payable is credited

You might be interested in
Beverly, the manager of a branch location of a large law firm, treated company resources as if they were her own and encouraged
fiasKO [112]

Answer:

The correct answer is E

Explanation:

Servant leader is the kind of leadership which is defined as the philosophy as well as the set of the practices that enriches the individuals lives and builds the better firm and also establish the most caring world.

This leadership focus on offering the increased services to others. So, the characteristics involve the belief that they are stewards of their employees and the resources as well as commitment to the people growth.

5 0
1 year ago
Read 2 more answers
In early November, department stores like Robinsons-May begin to prepare for upcoming holiday sales. Retail stores often make 25
Burka [1]

Answer:

Motivation

Explanation:

Motivation in an organization is a process of e<u>ncouraging employees to perform at higher levels and thereby increase productivity, to increase the chances of the organization achieving its goals and making more profit</u>.

Nancy Cardigan, the General Manager of Robinsons-May, intends to incite her sales associates and get them excited about the upcoming holiday season that comes with an opportunity for increased sales. Therefore she calls a meeting with a purpose of motivating them.

5 0
2 years ago
Water is flowing in a trapezoidal channel at a rate of Q 5 20 m3/s. The critical depth y for such a channel must satisfy the equ
irina1246 [14]

Answer / Explanation:

Kindly note that the question is incomplete. However, kindly find the complete question below and the answer.

Complete Question

Water is flowing in a trapezoidal channel at a rate of Q=20m³/s . The critical depth y for such a channel must satisfy the equation:

0 = 1 − Q² / gA³c . B Where g= 9.81m /s²  and Ac = the cross-section area can be related to depth y by B = 3+y and Ac = 3y+y²/2. Solve for the critical depth using (a). the graphical method,

Answer:

Given the equation,

0 = 1 − Q² / gA³c. B

Now substituting the given value g= 9.81m /s² , Q =20m³/s, B = 3+y, and Ac = 3y+y²/2,

We get:

0 = 1 - 20² / (9.81) ( 3y + y²/2)³ (3+y)

Hence we choose f(y) =  1 - 40.7747 / (3y + y²/2)³ . (3 + y) and solve for f(y) = 0

Therefore,

To solve using a graph, we take twelve sample points ( starting at y = 0.25 in step of 0.25m and plot a graph using MS- Excel. Kindly find the graph below.

2) As evident from the sample point and the graph function f(y) gets close to zero at y = 1.5, hence the root of f(y) = 0 is Xr = 1.5

6 0
1 year ago
ABC Online Merchant has a current stock price of $42.50. The company paid $1.34 in dividends this year, and the dividends are ex
yKpoI14uk [10]

The formula is to calculate stock price through dividend discount model is

Share price  = Dividend/(rate of return - dividend growth rate)

                   =$1.34/(5%-3%)

                   =$67

7 0
1 year ago
If you deposit $100 of currency into a demand deposit at a bank, this action by itself
Dahasolnce [82]

Answer:

A) Does not change the money supply.

Explanation:

Demand deposits change the monetary base, because the monetary base equals currency plus demand deposits.

However, in itself, a demand deposit does not change the money supply. For the change in the money supply to occur, the bank must loan out some of the money in the deposit.

8 0
2 years ago
Other questions:
  • Kendra believes the u.s. government to be corrupt, and thinks that there should be no governing force to control people's lives.
    8·1 answer
  • Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10, n/30. Monte Company returns $1
    14·1 answer
  • Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabricatio
    15·1 answer
  • Exercise 4-2A Allocating costs between divisions Beasley Services Company (BSC) has 50 employees, 28 of whom are assigned to Div
    14·1 answer
  • Which fact supports the idea that renting is a good option for living in a place for a short period of time?
    12·1 answer
  • In a transaction that qualifies under Section 351, Buster transfers an asset with a basis of $50,000 and a fair market value of
    12·2 answers
  • Southwick Products manufactures its products in two separate​ departments: Machining and Assembly. Total manufacturing overhead
    12·1 answer
  • The Swiss Clock Shop manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direc
    10·1 answer
  • An individual has the following demand function for gasoline:
    14·1 answer
  • Organizational Structuring Companies have four general issues to consider when attempting to design their organization for respo
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!