Answer:
Interest Receivable (Dr.) $250
Interest Revenue (Cr.) $250
Explanation:
Notions Co. has borrowed money from Lemming and will have to pay cost for it which is a source of fund (revenue) for Lemming. According to the Accrual concept of accounting, revenue should be recognized when earned and not when cash is received. At year end, the interest revenue of two months has been accrued, so it needs to be recognized in the Books of Lemming.
⇒ 18,750 * 8% = 1,500 p.a.
OR Interest Revenue for two months = (1,500/12) * 2 = $250.
Covers out of network doctors and specialists. Freedom to see more doctors.
Answer:
the cost leadership strategy.
Explanation:
A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use the cost leadership strategy.
A cost leadership strategy is a business strategy which is aimed at using the lowest cost of production and operation in a business.
Hence, river barge company cheaper, although slower, per-pound transportation as against the use of air, truck, or rail which would be more expensive.
The flow of organizational communication is <span>Vertical—downward
Vertical communication referst to the flow of communciation between organization that happens between someone with higher position with the lower position.
Since the communciation is being done in the form of order, it is most likely that it happen between the boss to the suboordinates (downward)</span>
Answer:
$44
Explanation:
The computation of the accrued interest expense is shown below:
= Face value or Principal × rate of interest × number of days ÷ (total number of days in a year)
= $6,600 × 8% × (30 days ÷ 360 days)
= $44
We assume there are 360 days in a year
And, the 30 days is calculated from December 1 to December 31
This is the answer and same is not mentioned in the given options.
