At maturity, the Notes Payable 24,000,000, Interest Payable 1,080,000 and Cash 25,080,000 as presented on the journal entry
What is the journal entry for the payment note at maturity1. Journal entry for the issuance of the note by Triton:
Cash 24,000,000
Notes Payable 24,000,000
(Issuance of a 9-month, 12% promissory note by Triton to Nevada Bank)
2. Adjusting entry for the note by Triton on December 31, 2024:
Interest Expense 1,080,000
Interest Payable 1,080,000
(To record accrued interest on the promissory note as of December 31, 2024)
Calculation: 24,000,000 x 12% x (4/12) = 1,080,000
3. Journal entry for the payment of the note at maturity:
Notes Payable 24,000,000
Interest Payable 1,080,000
Cash 25,080,000
(To record the payment of the promissory note and accrued interest at maturity)
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the budgeted income statement is prepared by integrating all of the following budgets except for the a.cash budget. b.selling and administrative expenses budget. c.cost of goods sold budget. d.sales budget.
The budgeted income statement is prepared by integrating all of the following budgets except for the cash budget. So, correct option is A.
The budgeted income statement is a financial statement that shows the expected revenue and expenses for a specific period, usually a year. It is an important tool for businesses to plan and control their operations, as it provides a comprehensive overview of the company's financial performance.
To prepare a budgeted income statement, various types of budgets are integrated, including the sales budget, cost of goods sold budget, and selling and administrative expenses budget.
These budgets provide information on expected sales, production costs, and operating expenses, which are then used to calculate the projected net income.
While the cash budget is also an important component of a company's overall financial planning process, it focuses specifically on cash flow and the company's ability to meet its financial obligations in the short term.
Therefore, the correct answer is A) cash budget, as it is not integrated into the budgeted income statement.
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in a based economy transaction require that each party have something the other desires increase market
Answer:
The ansewr is a barter based economy.
In a barter based economy, goods are exchanged for other goods, because no good that takes the functions of money exists (unit of account, store of value, and medium of exchange).
Barter economies can work on a limited scope, but to a larger extent, they can become inefficient, because this type of economy requires a double coincidence of wants: both parties of the transaction must desire the other party's goods.
When checking you tires, it’s most important to check their BLANK..
Answer:
to take a look at their tread. If the tread is beginning to wear down, then your tires will lose traction and won't grip the road as well when driving through bad weather.
Explanation:
Type 2 paragraphs disscusing the importance of "Sharpening the saw"
Answer:Sharpening the saw" is a term that refers to the importance of regularly investing time and effort in self-improvement and personal growth
Explanation: "Sharpening the saw" is a term that refers to the importance of regularly investing time and effort in self-improvement and personal growth. This means taking a step back from the daily grind and investing in activities that help you improve your physical, mental, and emotional well-being, as well as your skills and knowledge. The importance of sharpening the saw cannot be overstated. When you take time to work on yourself, you become more efficient and effective in everything you do. You're better equipped to handle stress and challenges, and you have a clearer sense of purpose and direction in life. This, in turn, can help you achieve greater success in your personal and professional life.
Sharpening the saw also helps prevent burnout and promotes overall well-being. When you're constantly focused on work or other obligations, it's easy to neglect your own needs and become overwhelmed. This can lead to stress, anxiety, and even physical health problems. By regularly investing time in activities that help you recharge and refresh, you'll be better equipped to handle the demands of daily life. This might include activities like exercise, meditation, learning new skills, or pursuing hobbies and interests. Ultimately, sharpening the saw is an investment in yourself that pays dividends in all areas of your life.
Stephen Covey coined the metaphor "sharpening the saw" to stress the importance of continuous self-improvement.
Individuals must engage in their growth both personally and professionally in order to reach their full potential, just as a saw must be sharpened to cut effectively. This entails regularly evolution and optimising one's skills, knowledge, and habits. Individuals can improve their productivity, creativity, and well-being by doing so.
Sharpening the saw is important in both personal and professional situations. In personal life, it helps the individual lead a fulfilling life by improving their physical, emotional, and spiritual well-being.
To summarise, honing the saw is an ongoing endeavor that requires dedication, commitment, and discipline. By having skills, it not only benefits individuals but also helps organisations achieve their goals.
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It's your lucky day at napili ka sa special promo na ito! Meron kaming handog na FREE 150MB pang-internet, valid for 2 days kapag nag-load ka ng total of P10 bago mag 09/01/2021. Share-A-Load not included. REF#: DTR73
Which of the following statements about savings accounts is FALSE? Savings accounts may
Answer:
savings accounts allow an unlimited amount of withdraws each month
Explanation:
Question 1 of 10
What is one advantage of a trade school education?
A. You can postpone getting a job longer.
One advantage of a trade school education is that there is easier access to courses and specialized knowledge.
What is a Trade School Education?This refers to the type of education where some technical skills are taught to students to be knowledgeable in certain tradecrafts and occupations.
Hence, we can see that based on the fact that this is post-secondary education, it gives the students the added edge of getting access to skills and specialized knowledge.
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Answer: It is less costly than attending a four-year college.
Explanation:
Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?
Answer:
200 i think sorry if im wrong
Explanation:
Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications
Note that the Brainstorming Techniques matched to one another are given as follows:
Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammarWhat are brainstorming techniques?The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.
The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.
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HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answer:inflation
Explanation:
05.02 how can we organize an economy quiz
Organizing an economy quiz can be an engaging and educational activity.
Here are some steps to help you organize an economy quiz,
Determine the Format,
Decide on the format of the quiz. Will it be a written quiz, a live quiz event, or an online quiz.
Consider the available resources and the audience you want to engage.
Define Quiz Categories,
Identify the key categories or topics you want to cover in the quiz.
Economy quiz, include categories such as,
Macroeconomics, microeconomics, economic theories, economic history, and current economic events.
Prepare Questions,
Develop a set of well-researched and diverse questions for each category.
Ensure that the questions are clear, concise, and cover different difficulty levels to challenge participants.
Determine Scoring System,
Decide on the scoring system for the quiz.
Will you assign points to each question, or will you have different point values for questions based on their difficulty.
Determine the rules for correct answers, partial credit, or penalties for incorrect answers.
Set Quiz Duration,
Determine the duration of the quiz, keeping in mind the number of questions and the available time.
Ensure that participants have enough time to read and answer each question.
Arrange Equipment and Materials,
Depending on the format, gather the necessary equipment and materials.
For a written quiz, you'll need question papers, answer sheets, and pens.
For a live or online quiz, consider using a quiz platform or a presentation tool.
Promote the Quiz,
Advertise and promote the quiz to attract participants.
Utilize social media, email lists, posters, or any other means to reach out to your target audience.
Conduct the Quiz,
On the day of the quiz, ensure that you have a suitable venue or online platform ready.
If it's a live event, set up the space with appropriate audiovisual equipment.
If it's an online quiz, share the necessary instructions and links with participants.
Declare Winners and Provide Feedback,
Evaluate the quiz submissions or participants' answers and determine the winners based on the scoring system.
Provide feedback on the correct answers and explain any misconceptions to enhance participants' understanding of the subject.
Follow-Up and Share Resources,
Share additional resources, reading materials, or websites related to the economy quiz to encourage further learning.
Also, thank participants for their participation and provide them with any relevant follow-up information.
Therefore, by following these steps an engaging and an effectively educational economy quiz can be organized . .
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You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
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Explain how the U.S. economic system differs from the economic system in Cuba.
kashani and quelch identify four factors that contribute to more involvement of company headquarters in the sales promotions
The four factors identified are (1) the desire for consistency in brand messaging, (2) the need for centralized control and coordination, (3) the pursuit of economies of scale, and (4) the importance of strategic decision-making.
1. Consistency in brand messaging: Company headquarters may want to ensure that the sales promotions across different regions or markets are aligned with the overall brand strategy and communicate a consistent message to customers.
2. Centralized control and coordination: Headquarters may seek greater involvement in sales promotions to maintain control over the marketing activities of different divisions or subsidiaries, ensuring they adhere to the company's overall objectives and guidelines.
3. Economies of scale: By centralizing sales promotion activities, companies can leverage their size and negotiate better deals with suppliers, media outlets, and other stakeholders, leading to cost savings and increased efficiency.
4. Strategic decision-making: Company headquarters may get more involved in sales promotions to make strategic decisions regarding resource allocation, budgeting, and the allocation of promotional efforts to specific markets or target segments.
These factors highlight the importance of headquarters' involvement in sales promotions to achieve consistency, control, efficiency, and strategic alignment across the organization.
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Which of the following concepts were mentioned in your answer? Check all that apply. Absolute advantage opportunity cost comparative advantage.
The concept of comparative advantage was mentioned in the answer.
Comparative advantage is an economic principle that suggests countries or individuals should specialize in producing goods or services in which they have a lower opportunity cost compared to others. It is based on the idea that even if a country or individual can produce all goods more efficiently than another country or individual, it can still benefit from specializing in the production of goods where it has a comparative advantage, meaning it has a lower opportunity cost.
By focusing on their areas of comparative advantage, countries can engage in trade and achieve mutual benefits, maximizing overall efficiency and output.
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The main reason that some nations have higher average living standards than others is that.
The main reason some nations have higher average living standards than others is that some nations have higher levels of productivity.
What are the characteristics of a developed country?The degree of industrialization of a country is a factor that interferes in its social indicator HDI (Human Development Index), which is calculated according to the living standards of a population, such as per capita income.
Therefore, the higher the country's GDP, the greater its level of development, greater job opportunities, consumer power and commercial alliances of the country, thus increasing the living standards of the population.
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Which of the following is not one of the potential responses to a specific risk event?
A. Sharing
B. Transferring
C. Ignoring
D. Mitigating
E. Retaining
Ignoring is not one of the potential responses to a specific risk event.
What is specific risk?For investors, specific risks are hazards specific to a particular company, industry, or sector. This is the opposite of general market risk or systematic risk. Certain risks are also known as non-systematic or diversifiable risks.Specific risk is the risk that an event will occur that directly or indirectly affects the market value of an asset or a particular group of assets. Rumors of raw silicon shortages, for example, are a particular risk computer and tech stocks are exposed to. Examples include news specific to a stock or group of companies, such as the loss of a patent or a major natural disaster affecting corporate operations. Unlike systematic or market risks, certain risks can be diversified.To learn more about specific risk from the given link :
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When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
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On January 1, 2017, Skysong Corporation issued $450,000 of 7% bonds, due in 8 years. The bonds were issued for $478,264, and pay interest each July 1 and January 1. The effective-interest rate is 6%.
Prepare the company’s journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Skysong uses the effective-interest method.
Journal entries are records of financial transactions that occur within a company, typically written in a two-line format. They include the debit and credit entries, indicating the accounts affected and the corresponding amounts for each transaction.
In the given question, we will discuss Skysong Corporation's bond issuance and subsequent interest payments using the effective-interest method. Skysong issued $450,000 of 7% bonds on January 1, 2017, which are due in 8 years. The bonds were sold for $478,264, and interest is paid semiannually on July 1 and January 1. The effective-interest rate is 6%.
(a) January 1 Issuance:
When Skysong issued the bonds on January 1, 2017, the company received cash from the bondholders.
To record this transaction, we need to make the following journal entry:
Debit: Cash (Amount received from the bond issuance)
Credit: Bonds Payable (Face value of the bonds)
The journal entry would be as follows:
Date: January 1, 2017
Account Debit Credit
Cash $478,264
Bonds Payable $450,000
Explanation:
Skysong received $478,264 in cash from the bondholders, which is recorded as a debit to the Cash account. On the credit side, the Bonds Payable account is credited for the face value of the bonds, which is $450,000.
(b) July 1 Interest Payment:
On July 1, 2017, the first interest payment is due. To record this transaction, we need to make the following journal entry:
Debit: Interest Expense (Interest accrued for the period)
Credit: Cash (Payment made to bondholders for interest)
The journal entry would be as follows:
Date: July 1, 2017
Account Debit Credit
Interest Expense $13,500
Cash $13,500
Explanation:
The interest payment is calculated by multiplying the face value of the bond ($450,000) by the annual interest rate (7%) and dividing it by the number of payment periods in a year (2). So, the interest payment is ($450,000 * 7% * 6/12 = $13,500). The Interest Expense account is debited for this amount, representing the interest expense accrued. On the credit side, the Cash account is credited for the payment made to bondholders.
(c) December 31 Adjusting Entry:
At the end of each accounting period, an adjusting entry is made to recognize the interest expense that has accrued but not yet been paid. To record this adjusting entry, we need to make the following journal entry:
Debit: Interest Expense (Accrued interest for the period)
Credit: Interest Payable (Liability for the accrued interest)
The journal entry would be as follows:
Date: December 31, 2017
Account Debit Credit
Interest Expense $13,500
Interest Payable $13,500
Explanation:
The adjusting entry recognizes the interest expense that has accrued but not yet been paid. As per the effective-interest method, the interest expense for the first year would be the same as the cash interest payment made on July 1, 2017, which is $13,500. The Interest Expense account is debited for this amount, and the Interest Payable account is credited to reflect the liability for the accrued interest.
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Which unemployment rate do most economists consider to be acceptable in the United States?
a) 0 percent
b) 5 percent
c) 10 percent
d) 20 percent.
Most economists believe that the unemployment rate of the U.S. should be b. 5% or below.
What is Unemployment ?Percentage of the labor force that is not working. Includes only those who are actively looking for work.For an economy as developed as the U.S., economists believe that there should be enough jobs such that the unemployment rate doesn't pass 5% at any given time save for severe economic shocks.
In conclusion, option B is correct.
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The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics called?
The Catch-up notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics . According to the catch-up effect idea, which is based on the finding that less developed economies grew more quickly than wealthier nations, all economies would eventually converge in terms of per capita income.
Or, to put it another way, the less developed economies will figuratively "catch-up" to the stronger ones. The theory of convergence is another name for the catch-up effect. The Opening up their economics to free trade and building the social capacities.
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identify any advantages of having intercollegiate athletic programs run by students rather than professional managers, or is the current model for management far superior?
The existence of intercollegiate athletics encourages student engagement, offers a way of engaging the community, and is frequently seen as a crucial component of the entire collegiate experience.
The phrase "intercollegiate athletics " refers to a collegiate sport for which a national body for the promotion or regulation of college sports has established qualifying rules for student athletes. Sports leagues, contests, and tournaments known as "intramurals" take place only at one university. The fact that Rockhurst's NCAA Division II teams compete against other institutions and that the majority of its athletes are on athletic scholarships distinguishes intercollegiate sports from intramurals. Different college divisions approve intercollegiate competition. The National Collegiate Athletic Association (NCAA), which has three divisions, the National Association of Intercollegiate Athletics (NAIA), and the National Junior College Athletic Association are the largest and most significant of all (NJCAA).
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What is one reason that could explain why some unethical behavior goes
unreported?
Answer:
Well some people may be threatened by the person who is engaging in unethical behavior or some are just timid and keep to themselves, and just tolerate the unethical behavior, in order to not create conflict or not make enemies within the workplace. But either way we should always report unethical behaviors if we witness it, because if you do not take action it can create an atmosphere where misconduct spreads like wildfire.
a home builder wants to construct a house on his lot. the house will sit 20' from the front lot line. the city ordinance calls for a minimum setback line of 25'. in order to construct his house in the manner described, the builder must obtain a: select one: a. variance. b. spot zoning permit. c. special use permit. d. non-conforming use license.
The correct answer is: a. variance.
in order to construct the house with a setback of 20' from the front lot line, which is less than the minimum setback required by the city ordinance (25'), the builder would need to obtain a:
a. variance.
a variance is a permission or exception granted by the local zoning authority that allows a property owner to deviate from certain zoning regulations or requirements. in this case, the builder would need to request a variance to construct the house with a setback of 20' instead of the required 25' setback.
a spot zoning permit typically refers to the process of designating a specific area or spot for a particular use within a larger zoning district. a special use permit is required for specific uses that may have an impact on the surrounding area, but it doesn't apply to setback requirements. a non-conforming use license is related to properties that were legally established before zoning regulations were enacted and do not comply with current zoning requirements.
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The determination of the mathematical relationship between activity level and cost is known as:______
Answer:
cost estimation
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
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why do investors require that the firm's cost of equity exceed its cost of debt?
Investors demand that the company's cost of equity surpass its cost of debt due to the tax benefits associated with interest payments.
Depending on the parties involved, there are two distinct ideas referred to as the "cost of equity." The required rate of return on an equity investment, if you're the investor, is known as the cost of equity. If you are the business, the required rate of return on a certain project or investment is determined by the cost of equity. A business can raise cash using either debt or equity. Debt is less expensive, but the corporation has to repay it. Although equity does not require repayment, it typically costs more than borrowed capital because interest payments are tax deductible.
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How does GDP per capita affect the economy?
This implies that the Gross domestic product per capita is only a proportion of the country's monetary movement. In the wake of considering this financial movement, the determined abundance is separated by the number of inhabitants in the country.
Thusly the Gross domestic product per capita gauges the country's financial result per individual in that country. Development in Gross domestic product and Gross domestic product per capita is viewed as expansive proportions of monetary development.
Sustained economic growth increments normal livelihoods and is firmly connected to a neediness decrease. Gross domestic product per capita gives an essential proportion of the worth of result per individual, which is a backhanded mark of per capita payments.
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Does using a zero-based budget mean that your bank account will hit $0 at the end of every month?
Answer:
No silly! :)
Explanation:
Zero-based budgeting is a repeatable process that organizations use to rigorously review every dollar in the annual budget, manage financial performance on a monthly basis, and build a culture of cost management among all employees. Basically, all budgets must be justified for each monthly period.
does anyone know how this is done? i need to know asap due in a while
a) The method used to calculate GDP should be the expenditure approach, which adds up total consumption (C), investment (I), government spending (G), and net exports (X-M).
Solution to the rest of the questions in detailb) Using the expenditure approach, the GDP can be calculated as follows:
GDP = C + I + G + (X - M) = 30 + 15 + 20 + (50 - 70) = 25.
c) The value of net exports can be calculated as:
Net exports = Exports - Imports = 50 - 70 = -20
d) The method that cannot be used with the given data is the income approach.
e) The data is incomplete because the information provided only covers some of the components of GDP, such as consumption, exports, rent, investment, government spending, and wages. Information on other components, such as net taxes, subsidies, and depreciation, is not provided, making the data incomplete for calculating GDP using the income approach.
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