Taylor Bank lends Guarantee Company $111,104 on January 1. Guarantee Company signs a $111,104,6%, 9-month, interest-bearing note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is a. Notes Payable Interest Payable Cash Interest Expense 111,104 2,500 111,104 2,500 b. Cash 111,104 Notes Payable 111,104 Cash 116,104 5,000 111,104 Interest Expense Notes Payable d. Interest Expense Cash Notes Payable 5,000 106,104 111,104
Answers
Answer:
Answer choice (A)
Explanation:
The correct entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is:
a. Notes Payable 111,104
Interest Payable 2,500
Cash 108,604
This entry reflects that Guarantee Company receives cash of $108,604 (the principal amount of $111,104 minus the interest of $2,500), which is recorded as a debit to Cash. The company also incurs a liability of $111,104 for the Notes Payable, which is recorded as a credit to Notes Payable. Finally, the company accrues interest expense of $2,500, which is recorded as a credit to Interest Payable.
Related Questions
Which of the following methods to save for education may not be available for use at a private or out-of-state school?
Money market account
Pre-paid plan
529 plan
Roth IRA
Answers
Answer:
pre-paid plan
Explanation:
:)
An economic system is a society’s system of production, distribution and consumption of?.
Answers
The manner in which a society manages the creation, transfer, and consumption of products and services is referred to as its economic system.
What is the process by which products and services are produced, distributed, and consumed in a society?
The system of producing, distributing, and consuming goods and services is known as the economy. Various forms of economies exist, including command, traditional, market, and mixed.
Which economic system's distribution and production are found?
Market-based economies, also known as free market economies, are self-regulatory and permit the production and distribution of goods in response to consumer demand.
An economic system is a mechanism used by communities or governments to coordinate and distribute resources, services, and goods throughout a territory or nation. Economic systems control the production factors, such as labor, capital, land, and physical resources.
Learn more about economies here:
https://brainly.com/question/17996535
#SPJ4
The total accumulated value of foreign-owned assets at a given time is called the __________ of fdi.
Answers
The total accumulated value of foreign-owned assets at a given time is called the stock of foreign direct investment.
The overall level of direct investment at a specific moment, typically the end of a quarter or a year, is measured by foreign direct investment (FDI) stocks. The value of resident investors' equity in and net loans to businesses in other countries make up the outward FDI stock.
The value of foreign investors' shares in and net loans to domestically based businesses make up the inward FDI stock. FDI stocks are calculated as a percentage of GDP in USD. FDI forges enduring and reliable ties between nations' economies.
Learn more about foreign direct investments or foreign-owned assets here:
https://brainly.com/question/27540611
#SPJ4
A seller wants to break even after the broker’s commission of 5% and loan balance of $300,000 are paid. At what price must the house sell?
Answers
At $315,789 the house must be sold after taking into consideration the broker's commission.
What do you mean by broker’s commission?A broker’s commission is a brokerage firm employee who is compensated for the number of trades they execute for clients.
These brokers typically earn a percentage of the assets traded by their clients, which means that the more a client trades, the more money they make.
In order to calculate the selling price, we have to start with 100% minus a 5% commission, which is 95% or .95.
Take $300,000 and divide this amount by .95.
This will give the amount or the price at which we can sell the house which is $315,789.
Thus, At $315,789 the house must be sold after taking into consideration the broker's commission.
To learn more about broker's commission refer:
https://brainly.com/question/14838861
#SPJ1
Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?
Answers
Answer: Too see if anyone is stealing or charging extra fees
Explanation:
“ you should shop for the best place to open a checking account as carefully as you shop for the Best Buy in any product or service.“ give two reasons to support the statement
Answers
The two things that are considered while shopping is the least price for the same goods and services and the good quality within a price range.
What is checking account?A person's account number, which is the second set of numbers from the left and ranges in length from 9 to 12 digits, may be found at the bottom of the checks. This number informs the bank which checking account to debit for the money.
A checking account is an account that permits both deposits and withdrawals of funds. A check, which is essentially a paper with instructions to the bank on how and, more crucially, to whom the money should be taken, was the traditional way to make a withdrawal.
Thus, shopping is the least price for the same goods and services.
For more information about checking account, click here:
https://brainly.com/question/11610905
#SPJ1
Experiential marketing typically involves: A) providing samples to individuals through social media, B) a combination of guerrilla and buzz marketing tactics. C) generating buzz about a unique marketing event. D) direct response marketing through interactive means, such as special events and free samples.
Answers
In order to create buzz about a special marketing event, experiential marketing often combines guerilla and buzz marketing strategies (Options B and C).
By constructing immersive and engaging experiences that connect with customers on a personal level, it goes beyond conventional advertising techniques. The goal of experiential marketing is to create strong emotional bonds with the brand. Live events, pop-up shops, branded installations, product displays, and interactive campaigns can all be a part of it. While Option A's distribution of samples via social media and Option D's interactive direct response marketing can both be a part of an experiential marketing plan, they do not cover the entire spectrum of strategies normally used in experiential marketing.
learn more about marketing event here:
https://brainly.com/question/30282918
#SPJ11
Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.True or false?
Answers
When an entrepreneur has a very positive and optimistic vision, he adjusts to the entrepreneurial mental framework (True)
The entrepreneurial mind frame is a term that refers to the human way of thinking that takes any situation in a very positive and optimistic way.
This mentality is characterized by seeing the positive factors in difficult situations or crises. On the other hand, it is a mind frame that allows the individual to take advantage of negative situations to devise innovative solutions.
Learn more in: https://brainly.com/question/14364667
For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to?
Sufficient technology
Uncompetitive products
Economies of scale
Adequate information
Answers
Answer:
Adequate information
Explanation:
Both the buyers and sellers must have access to adequate information. Information are both vital for both the buyers and sellers. For the buyer, it influences their decision making and buying choice. For the seller, it helps them to know the trending buyer need. Hence, for a perfectly competitive market to function well, the buyer and seller must have access to adequate information.
Fill in the blank. it would be possible to determine the ppp exchange rate that would exist if markets were efficient by comparing ___. multiple choice question.
Answers
The correct answer is option B) To determine the PPP exchange rate that would exist if markets were efficient in comparing the prices of traded goods and services.
The exchange rate between two currencies that offers each one the same purchasing power in various nations is known as the Purchasing Power Parity (PPP) exchange rate.
A unit of one currency should be able to purchase the same quantity of products and services in many nations in an efficient market, according to this theory.
This implies that the ratio of the prices of a basket of goods and services in each country should be the same as the exchange rate between two currencies.
We can determine the PPP exchange rate that should exist if markets are efficient by comparing the costs of similar goods and services in two different countries.
Complete Question:
Which of the following would be possible to determine the PPP exchange rate that would exist if markets were efficient?
A) Comparing the current exchange rate
B) Comparing the prices of traded goods and services
C) Comparing the inflation rates of two countries
D) Comparing the economic growth rates of two countries
To learn more about Purchasing Power Parity visit:
https://brainly.com/question/28199500
#SPJ4
help plz!!
Economists make economic predictions using:
A) educated guesses based solely on their opinion.
B) data about the economy from the past.
C) information only about other nations.
D) data about how outside economies allocate their resources.
Thanks!!
Answers
Answer:
\(hi \: james\)
The answer is :
B) data about the economy from the past.
I hope it helps
have a nice day
#Captainpower
The answer to this question is B) data about the economy from the past
Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular customers. It rewards these customers by giving them gift coupons and cash prizes. This practice is an example of _______. a. total quality management b. customer relationship management c. profit maximization d. organizational optimization
Answers
Customer is termed as the individual that consumes or uses the goods and services that are availed to them for their satisfaction or need fulfillment. The customers are known as the king of the market that decides the production of the goods and the services.
The correct answer for the blank is b. customer relationship management.
Customer Relationship Management is termed as the process or the activities that manage the company's relationship and communications of the customers with the firm and manage to explore the potential customers or the new customers.
The main aim of CRM is to build and construct good relationships between the customer and the firm. It connects the corporate sector with the customers in order to let them know about their services.
To know more about customer relationship management, refer to the link below:
https://brainly.com/question/15581098
When preparing for the appraisal interview, there are three things to do. First, assemble the data, second, prepare the employee, and finally,a. choose the time and place.b. prepare the appraisal examination.c. do the performance appraisal.d. lay out an action plan.e. document all information to be discussed in the interview
Answers
An appraisal interview is a meeting between a manager and an employee to discuss the employee's performance over a certain period of time. It is a critical part of the performance appraisal process, as it provides an opportunity for the employee to receive feedback, ask questions, and discuss their career goals and development.
When preparing for the appraisal interview, there are several key steps to take to ensure a successful and productive meeting. The first step is to assemble the data, which includes collecting information about the employee's performance, such as their job duties, achievements, and areas for improvement.
The second step is to prepare the employee. This includes communicating the purpose of the interview, what will be covered, and what the employee can expect. This can help the employee feel more comfortable and prepared for the meeting.
The third step is to choose the time and place for the appraisal interview. It is important to choose a time that is convenient for both the manager and the employee, and to arrange a private, quiet location where the interview can take place without interruptions.
In the appraisal interview, it is important to lay out an action plan to address any areas for improvement, and to document all information that is discussed. This can include the employee's strengths, weaknesses, career goals, and development opportunities.
To learn more about appraisal interview refer here
https://brainly.com/question/15281535#
#SPJ11
the value of the swiss banknote that has leonhard euler
Answers
The denomination of the Swiss banknote featuring Leonhard Euler is 10 Swiss francs.
The Swiss National Bank issued a series of banknotes known as the "Eighth Banknote Series" that featured various prominent Swiss individuals. One of the banknotes in this series was the 10 Swiss franc note, which showcased the renowned Swiss mathematician and physicist, Leonhard Euler.
Euler made significant contributions to various fields of mathematics, including calculus, number theory, and graph theory. The banknote design depicted Euler's portrait alongside mathematical formulas and symbols, representing his profound influence on the discipline. The Swiss 10 franc banknote with Leonhard Euler became a recognized symbol of Switzerland's appreciation for scientific and intellectual contributions.
To know more about banknote , click here.
https://brainly.com/question/31154939
#SPJ4
------------The given question is incomplete, the complete question is:
"What is the denomination of the Swiss banknote featuring Leonhard Euler?"----------------
The value of the Swiss banknote featuring Leonhard Euler is 10 Swiss francs.
The Swiss banknote that features Leonhard Euler is the 10 Swiss francs note. It was first issued in 1995 and is still in circulation today. The front side of the banknote depicts a portrait of Leonhard Euler, a renowned Swiss mathematician, physicist, and engineer.
Euler made significant contributions to various fields of mathematics, including calculus, number theory, and graph theory. He is known for his formula, Euler's formula, which relates the number of vertices, edges, and faces of a polyhedron. Euler's formula is widely used in geometry and topology.
The back side of the banknote showcases a scene from Euler's work on the Basel problem, which involves the summation of infinite series. Euler's work on this problem helped establish the field of mathematical analysis.
The value of the banknote is 10 Swiss francs.
Learn more:About Swiss banknote here:
https://brainly.com/question/32820530
#SPJ11
Which joint venturing method typically involves fees and royalty​ payments?
A.
Joint ownership
B.
Direct investment
C.
Licensing
D.
Contract manufacturing
E.
Management contracting
Answers
Answer:
The answer is C. Licensing typically involves fees and royalty payments.
Explanation:
Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is Group of answer choices
Answers
Answer:
5 units of x
Explanation:
Keisha's production possibilities frontier:
100x 20y
50x 30y
0x 40y
the opportunity cost of producing 1 unit of y = 50/10 = 5 units of x
The opportunity cost refers to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Keisha wants to produce one more unit of y, she will not be able to produce five units of x (trade-off)
a scope statement is an important document because it enables appropriate negotiation of change control later in the implementation phase of the project. true or false
Answers
A scope statement is an important document because it enables appropriate negotiation of change control later in the implementation phase of the project is True.
A scope statement is an important document because it enables appropriate negotiation of change control later in the implementation phase of the project. A scope statement clearly defines the project's objectives, deliverables, and boundaries. It serves as a reference point throughout the project and helps ensure that everyone involved understands the project's purpose and limits.
When changes to the project scope are proposed during the implementation phase, the scope statement helps guide negotiations and decision-making. It assists the project manager in assessing whether a proposed change is within the original scope or requires a formal change control process. This process typically involves evaluating the impact of the change on project constraints such as time, cost, and quality, as well as obtaining approval from project stakeholders.
In summary, the scope statement plays a vital role in managing change control during the implementation phase, as it provides a clear understanding of the project's objectives and boundaries. This enables effective negotiation and decision-making regarding potential changes, ensuring that the project remains on track and delivers the desired outcomes.
To know more about project visit :
https://brainly.com/question/28476409
#SPJ11
explain how businesses benefit from giving back to the community.
Answers
Giving back to the community can help businesses to improve their reputation and brand image, increase employee engagement and satisfaction, build stronger relationships with customers and create new business opportunities. There are several ways in which businesses can benefit from giving back to the community.
Corporate social responsibility (CSR) initiatives can help to improve a business's reputation and brand image. When a business is seen as a good corporate citizen, it can attract and retain customers, employees, and investors who value social responsibility. This can also help to differentiate a business from its competitors and create a positive image in the community.Giving back to the community can also help to create a sense of purpose and increase employee engagement and satisfaction. When employees see that their employer is making a positive impact on the community, they are more likely to feel proud to be associated with the company and to be more engaged in their work.Businesses can also benefit from giving back to the community by building stronger relationships with their customers. When customers see that a business is actively involved in the community, they are more likely to feel a stronger connection to the company and to be more loyal to the brand.Giving back to the community can also help to create new business opportunities. By getting involved in community projects, businesses can learn more about the needs of the community and identify new business opportunities that align with those needs.To learn more about CSR:
brainly.com/question/28390056
#SPJ4
The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:
Answers
Answer: Business entity assumption.
Explanation: assume enitities
The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the business entity assumption.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
The accounting concept helps improve the recording of the income and position statement of business mainly referred to as financial statements and provides better accuracy of transactions which helps in easy interpretation.
The business entity assumption focused on the individual entity of any business separate from another business entity which makes it unique and distinguishable from others.
Learn more about accounting concepts, here:
brainly.com/question/1033546
#SPJ2
When developing a team, what should you probably NOT do? Empower the team to make decisions and find solutions. Help the team build trust and agreement. Use lower performers as case studies of weak approaches. Guide the team in building collaboration.
Answers
When developing a team, one should probably not use lower performers as case studies of weak approaches. Instead, it is important to empower the team, build trust and agreement, and guide the team in building collaboration.
When developing a team, it is crucial to create an environment that fosters collaboration, trust, and agreement.
Empowering the team to make decisions and find solutions allows team members to take ownership of their work and encourages creativity and innovation.
Helping the team build trust and agreement ensures effective communication and cooperation among team members, leading to better outcomes.
Guiding the team in building collaboration facilitates effective teamwork and the pooling of diverse skills and perspectives.
Learn more about agreement here:
https://brainly.com/question/33672866
#SPJ11
Where in government (federal, state/territory/tribal, or local)
would be a good place to examine work efficiency with an
exponential distribution? Why?
Answers
Examining work efficiency with an exponential distribution would be best suited at the local government level.
Local government would be a good place to examine work efficiency with an exponential distribution. The exponential distribution is commonly used to model the time between events in a Poisson process, where events occur randomly and independently over time. In the context of work efficiency, this distribution can be applied to measure the time it takes for tasks or processes to be completed.
At the local government level, there are often numerous administrative processes, service delivery tasks, and operational activities that can benefit from assessing work efficiency. By analyzing the time it takes to complete these tasks using an exponential distribution, local government entities can identify bottlenecks, streamline processes, allocate resources effectively, and improve overall work efficiency.
Learn more about exponential distribution here: brainly.com/question/30669822
#SPJ11
In order to make up for a budget deficit, the government can do what?
Answers
Answer:
print more money
Explanation:
it makes sense if u think bout it
Answer:
Budget deficit is when the government exceeds its budget, meaning they have spent a lot more money than they were initially supposed to, and thus need to get more money for other issues. So what the government will usually do is take out loans and sell government bonds.
Explanation:
Hope this helps :)
What is the best idea when you are filling out tax forms for the very first time?
Answers
can anybody help me please i will mark brainlyest
Answers
and electrical light
Explanation:
telephone: it allowed for instant
communication, communication by voice,
and it paved the way for future inovations
in telephone technology.
engine: it was powered by gas and air,
which made it impractical for widespread
public use.
light: Electric lights allowed factories to stay
open longer and produce more goods.
branches of accounting
Answers
Financial Accounting. Financial accounting is a systematic method of recording transactions of any business according to the accounting principles.
Cost Accounting. Cost accounting is considered a type of managerial accounting.
Auditing.
Managerial Accounting.
Tax Accounting.
Forensic Accounting.
Fiduciary Accounting.
Nathan owns a termite inspection service, so he falls under the animal systems pathway in agricultural, food, and natural resources cluster?
True or False ?
Answers
How important do you think focus groups are to the eventual success of a new product?
Answers
Answer:
Yes
Explanation:
Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs
1. Beth and Jerry own a residential home valued at approximately $250,000. While
they were away on vacation, lightning struck their house causing a large fire that
did approximately $125,000. of damage to their home. Their homeowner's
insurance policy was up to date and they had proper damage limits in their
coverage areas. Due to the damage to their home which included most of their
furniture, electronic devices, televisions, personal clothing and Thereappliances;
they will also have to live in temporary housing until their house is repaired which
is estimated to be 10 months. Which coverage areas of their homeowner's policy
will provide the coverage for their loss including their housing? Be specific and
state why you selected your answer with examples provided.
Answers
The losses incurred by Beth and Jerry in this scenario will be covered by the homeowners' insurance policy.
Which coverage areas of their homeowner's policy will provide the coverage for their loss including their housing?
The areas of the homeowner's insurance that will cover their loss, including their housing, are listed below: 1.Dwelling Coverage: This insurance will pay for the costs of repairing any damage the fire has done to the walls, roof, and foundation of their house. In this situation, the insurance provider will provide coverage up to the policy's maximum, which in this case is $125,000. 2.Personal Property Coverage: This insurance will pay the costs of replacing or repairing personal property such as furniture, electronics, televisions, and clothing that was damaged or destroyed in the fire. Depending on the policy, the insurance company will provide coverage up to the limit stated in the policy, which can range from 50% to 70% of the dwelling coverage limit. 3.Loss of Use Coverage: This coverage will give Beth and Jerry the money they need to pay for the extra living costs they incur, like food and lodging while their house is being repaired. In this scenario, the insurance provider will provide coverage up to the maximum allowed by the policy, which, depending on the policy, can range from 20% to 30% of the dwelling coverage limit.
To Know more about Insurance Policy Visit:
brainly.com/question/17479291
#SPJ1
After income tax is paid by a
corporation, what percentage of
the remaining profit is paid as the
dividend tax?
A. 30%
C. 15%
B. 5%
D. 10%
Answers
Answer:
option C
Explanation:
the general rate of dividend is 15%
Jewelry & coin company hires kelly ann to buy gems and precious metals from various sources on its behalf. In this relationship, jewelry & coin is?.
Answers
Jewelry & coin company hires Kelly Ann to buy gems and precious metals from various sources on its behalf. In this relationship, jewelry & coin is a principal.
This page talks extensively about GST on gold in various forms. GST incorporated various additional domestic indirect taxes, including VAT, service tax, excise duty, and others. Under GST, a tax was added to the costs associated with creating gold jewelry. On the other hand, basic customs tax is still being levied and collected on imported gold from other nations.
Businesses engaged in gold mining and distribution are also subject to the GST registration threshold constraints that frequently apply to regular taxpayers. Businesses that sell gold may also use the composition scheme described in Section 10 of the CGST Act.
Many gold dealers, sellers, and jewelers use the services of goldsmiths and specialists to create jewelry using the gold bars or gold biscuits they provide. It qualifies as a supply of services. The goldsmiths will charge for their "making charges," which will be subject to a 5% GST. If these goldsmiths or experts are not GST-registered, the gold merchant or jeweler is required to pay GST at 5% on a reverse charge basis.
Learn more about Gold, here
https://brainly.com/question/14669985
#SPJ4