On December 1, a company accepted a $5,000, 4%, 90-day note. How much accrued interest will be recorded as an adjusting entry on December 31, the end of the accounting period?

a. $166.67
b. $16.67
c. $1.67
d. $0.00; interest is not accrued at year-end

Answers

Answer 1
The accrued interest amount at the end of the accounting period is $16.67

Related Questions

Which of the following would not be reported as current liabilities on the balance sheet?

a. Accruals
b. Accounts payable
c. Notes payable
d. Accounts Receivable

Answers

D. Accounts receivable

Which of these can lessen the amount of a mortgage loan?
Down payment
Insurance
Property taxes
Collateral

Answers

Based on the various requirements of a mortgage loan, the factor that can lessen the amount of the mortgage loan is a down payment.

What is a down payment?

The down payment is the amount that is paid by the buyers of the house from their own savings and income which they will not have to pay back to the bank.

The larger this payment is, the less the amount that needs to be borrowed as a mortage loan.

In conclusion, option A is correct.

Find out more on down payment at https://brainly.com/question/1698287.

Answer:

A. Down payment, is the answer


Max wants to become a dentist. He knows he needs to keep his GPA high to reach this goal. Which of the following is a mid-term goal to help him do this?

Answers

Answer: A goal refers to something you want to achieve. These goals could be short term, mid-term and long term. Short term goals are the ones you want to accomplish in less than a year. Mid-term goals refers to the things you want to achieve in three to five years and long term goals refers to things that take 10 years to accomplish.

(Guessing, i could be wrong but i like helping so here your go i guess)

Explanation:

DOs and DON’Ts

DO Organize your response. Look at the question; it has a natural

organizational pattern – a blueprint.

DO Ask your friends and family to help you remember all the details

from which you can select when you write your essay. It is easy

to forget things you have done in the past.

DO Fit your essay into the big picture of your application. If you say

you have always wanted to be a veterinarian, but have no

evidence to show that you have ever been exposed to that

career, your words will be suspect.

DO Show what you are like as a person, but be as selective as

possible. This is not a biography, but a demonstration of the

characteristics that prompted your career choice.

DO Find a controlling idea for your essay. Smooth prose leaves a

good impression. A series of short, curt sentences does not.

DO Find a controlling idea for your essay. Smooth prose leaves a

good impression. A series of short, curt sentences does not.

DO Be positive and upbeat in tone.

DO Show that you know something more about the field you have

chosen than what you have seen on TV or in movies.

DO Take your drafts to the College Writing Center or ask a

guidance counselor for help. Does the essay flow? Is the main

point clear? Do you sound like a real person (preferably an

interesting real person)? Do you have enough detail? Too much

detail?

DO Revise the essay and proofread.

DO Show your final draft to friends. Ask them, “Does this sound like

me?”

DON’T Just tell a story. You want to explain your career goals in

an interesting way, not entertain with descriptive

adjectives.

DON’T Assume names of people and places give enough

information. Describe your activities and experiences as

they relate to your career goals.

DON’T Write what you think the scholarship committee wants to

hear. The committee members can detect b.s. before

opening the packet.

DON’T Use clichés or generalities. This wastes valuable space and

time.

DON’T Brag. Trust that your good points will shine through

Answer:

"Max will work hard to earn all A's on his report card next year."

Explanation:

Distinguish between economic and accounting profit

Answers

Answer:

The main difference between accounting and economic Profit is that accounting profit refers to monetary revenue minus monetary costs which includes any type of cost in the organization in the form of rents, salaries, material costs etc. Economic profit refers to the monetary revenue minus total cost.

Explanation:

The differences between economic and accounting profits exist in their definitions, despite their similarities.

What is economic profit?

Economic profit has the following characteristics:

It includes both explicit and implicit costs.It is determined by economic principles, especially the economic concept of opportunity cost.In summary, economic profit is the total revenue minus both implicit (opportunity cost) and explicit costs.

What is accounting profit?

Accounting profit has the following characteristics:

It includes only explicit costs.It is determined by accounting principles (U.S. GAAP or IFRS).It is equal to net income or revenue minus explicit expenses.

Thus, there are differences between accounting and economic profits.

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Assume that John Smith is a salesperson employed by McCrackin Company. Smith's regular rate of pay is $36 per hour, and any hours worked in excess of 40 hours per week are paid at 1½ times the regular rate. Smith worked 42 hours for the week ended October 27. What are his total earnings for the week?

a. $2,268
b. $1,548
c. $1,512
d. $2,548

Answers

His total earnings for the week was $1,548

Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?

Answers

This is a true statement

If a contingent liability is probable and the amount of the liability can be reasonably estimated, it is

a. not recorded but should be disclosed.
b. recorded and disclosed.
c. recorded only.
d. not recorded and not disclosed.

Answers

B. Recorded and disclosed

The percentage change in the quantity supplied in response to a percentage change in the price is known as the
Select one:

A.
slope of the supply curve.

B.
excess supply.

C.
price elasticity of supply.

D.
All of these.

Answers

Answer:

I think it is A I don't think I am correct so yeah

A price-taking firm: ______________
a. cannot influence the price of the product it sells b. talks to rival firms to determine the best price for all of them to charge c. sets the product's price to whatever level the owner decides upon d. asks the government to set the price of its product

Answers

A price-taking firm is a type of firm that cannot influence the price of the product it sells.

What is a price taking firm?

A price-taking firm is a firm that cannot set the price for its goods and services. An example of a price-taking firm is a perfect competiton. A price-taking firm exists because there are many sellers of identical goods in the industry.

For price-taking firms, prices are set by the forces of demand and suppply.

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Which of the following is considered a construction craft?

A: Architect
B: Drafter
C: Bricklayer

Answers

Answer:

Bricklayer

Explanation:

This is because with Bricklayer, you are doing physical work, physical construction, which happens to be laying bricks.

Answer : C


Hope this helped.

Cosmogena, a cosmetics start-up, wants to hire five female marketing executives. For these openings, the management prefers candidates who are outgoing, sociable, and upbeat. Which of the big five personality traits is Cosmogena seeking?

Answers

Answer:

why did he have to stop his new style

Use the given financial data to indicate which firm has the higher degree of each type of risk. Which firm has more business risk

Answers

Based on the given matrics, the firm with more business risk is Purple Panda.

Why does Purple Panda have more business risk?

A company is said to have more business risk if the standard deviation of its expected Net operating profit after tax (NOPAT) is high.

This is because there is a greater variation in the NOPAT which means that a company has a greater risk of making less as well as more returns. Purple Panda has a high NOPAT standard deviation and so is riskier.

Find out more on Business risk at https://brainly.com/question/713210.

If a single banks faces a required reserve ratio of 20 percent, has total reserves of $500,000, and checkable deposit liabilities of $400,000, what is the maximum amount of money this bank could create (add to the money supply)

Answers

Tthe maximum amount of money this bank could create given the checkable deposits is $2,000,000.

What is the maximum amount of money the banik can create?

The maximum amount of money the bank create is a function of the reserve ratio and the checkable deposits. Reserve ratio is the percentage of deposits that must be kept as reserves.

Maximum deposit = deposits / reserve ratio

$400,000/ 0.2 = $2,000,000

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TRUE OR FALSE - The Securities Exchange Commission (SEC) is the authoritative body that has primary responsibility for developing accounting principles.

Answers

False - Financial Accounting Standards Board (FASB) has the primary responsibility for GAAP. The SEC regulates publicly traded companies.

Which program populates the fields that are used for a mail merge?

A) Access
B) Outlook
C) PowerPoint
D) Word

Answers

Answer: its ACCESS

Explanation: just do it

Jack Dossey wears socks of two colours - Yellow and Orange. He has altogether 20 yellow socks and 20 orange socks in a drawer. Supposing he has to take out the socks in the dark, how many must he take out to be sure that he has a matching pair? ​

Answers

The answer is 50/50.

The chair of the board of directors says, “There is a 50 percent chance this company will earn a profit, a 30 percent chance it will break even, and a 20 percent chance it will lose money next quarter.” a. Use an addition rule to find the probability the company will not lose money next quarter. b. Use the complement rule to find the probability it will not lose money next quarter

Answers

The probability that the company will not lose money next quarter using both addition and complement rules is 0.8.

Calculation of a Probability Using Addition and Complement Rules

Let:

P(E) = The probability that the company will earn a profit next quarter = 50%, or 0.50

P(B) = The probability that the company will break even next quarter = 30%, or 0.30

P(L) = The probability the company will lose money next quarter = 20%, or 0.20

P(NL) = The probability the company will not lose money next quarter = ?

Therefore, we have:

a. The probability the company will not lose money next quarter using addition rule can be calculated as follows:

P(NL) = P(E) + P(B) = 0.5 + 0.3 = 0.8

b. The probability the company will not lose money next quarter using complement rule can be calculated as follows:

P(NL) = 1 – P(L) = 1 – 0.2 = 0.8

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Construction crafts are what kind of jobs?

A: Academic
B: Theoretical
C: Physical

Answers

Answer:

C. Physical

Explanation:

Hope it help

Vivien's project manager has asked her to analyze the project requirements before finalizing them. What would she look for and address during her analysis?

a) The shortest possible list of requirements
b) duplicated or inconsistent requirements
c) requirements proposed by low priority stakeholders
d) requirements that will take alot of time

Answers

Answer:

c

Explanation:

carry on learning sana makatulong

Taking over a project with several problems. What is the first step in tackling the problems?

Answers

Answer:

Define the problem

Get all types of answers

Implement the most appropriate method to solve the problem

____ records include personal information, employment history, performance evaluations, compensation records, and other information needed by the company

Answers

Answer:

Personelle I think

Explanation:

Type the correct answer in the box. Spell all words correctly.
Kwa Lee works as the production manager in a manufacturing company that makes microwave ovens. He wants the products to meet the
generally applicable standards related to environment radiation.
Which law must Kwa Lee follow related to the products his company manufactures?
Kwa Lee and his company must adhere to the standards in the
Blank

Answers

Answer:

Resource conservation and Recovery Act

Explanation:

This is the answrer correct me if wrong

The law that  Kwa Lee follow that is related to the products his company manufactures is: Resource conservation and Recovery Act.

What is Resource Conservation and Recovery Act?

The Resource Conservation and Recovery Act is an act that was establish to help prevent disposal waste that can be harmful to the our wellbeing .

Based on the given scenario Kwa lee and his  has to comply  to the standard in the Resource Conservation and Recovery Act.

Therefore the law that  Kwa Lee follow that is related to the products his company manufactures is: Resource conservation and Recovery Act.

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#SPJ2

Matching: Match each term in Column A with its definition in
Column B.
Column B
a. covers losses due to windstorms, riots, or
plane crashes
ance
Column A
1. insurance
2. risks
b. pays all or parts of hospital and medical bills
3. beneficiary
c. automobile insurance that requires the insur-
4. premium
5. cash value
ance company to pay damages no matter
6. policy
who was responsible
d. the chances that we may suffer harm or loss
7. no-fault insur-
e. a way of protecting ourselves and others
8. personal liabil- against financial loss
ity insurance
f. person who receives insurance money in the
9. extended cover- event of the policyholder's death
age
g. the contract between the insured and the in.
10. health insurance surance company
h. a sum of money paid periodically to the insur-
ance company
i. the dollar value of a life insurance policy if
turned in or used to borrow from
j. provides protection against claims arising
from injury on a homeowner's property

Answers

Answer:

33

i got it right on the hw

How are the effects of inflation and a recession similar, and how are
they different?

Answers

Answer:

When the price of goods and services rises, inflation happens; when the price of goods and services falls, deflation occurs. The delicate balance between these two economic circumstances, which are opposite sides of the same coin, is difficult to maintain, and an economy can quickly shift from one to the other.

A recession occurs when the Gross Domestic Product falls for two consecutive quarters, resulting in a reduction in overall economic activity. Inflation, on the other hand, is the rise in the price of goods and services over time in a given economy.

Step 4: Use the line chart to determine the approximate price of the stock at the beginning of 2003. How much money would you have earned if you bought one share of stock at the beginning of 2003 and sold it at today's current price?

Answers

The amount of money earned with the purchase of one share of stock at the beginning of 2003 and selling it at today's current price is $22.81 ($61.81 - $39).

What is the price of stock?

The price of a share of stock is the cost that is paid to buy it or the revenue received when it is sold.

The price of a stock reflects the value that investors place on the issuing company.

Thus, the amount of money earned with the purchase of one share of stock at the beginning of 2003 and selling it at today's current price is $22.81.

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QUESTION 8 of 10: True or False: You can somewhat control what your customers order without them realizing it.
a) True
b) False

Answers

Answer:

true

Explanation:

by trying to give the description of the thing the customer wants to buy, he/she will ultimately get convinced by what you say not what they need

The company can control the customers order to an extent by giving them offers and discounts.

Thus, the correct option is A.

What is customer service?

Supporting current and potential consumers is known as providing customer service.

Building strong relationships with your clients is the secret to providing excellent customer service.

The consumer will have a favorable experience if you thank them and encourage a helpful, friendly, and happy environment. A satisfied client is more likely to make repeat visits and spend more money.

Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service.

Going above and beyond to ensure that a customer is pleased with the company's goods or services is a sign of excellent customer service. Additionally, it entails offering timely, pleasant service to customers. Excellent problem-solving and communication abilities are equally vital.

Learn more about customer service, here

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#SPJ2

factors of production

Answers

Answer:

Land, capital, labor, and entrepreneurship are factors of production.

Assume that during May, a company sold a product for $160,000 that includes a 36-month warranty. Historically, the average cost of repairs over the warranty period is 7% of the sales price. The entry to record the estimated product warranty expense would include a __________ to __________ for $11,200.

a. debit; Product Warranty Expense
b. credit; Cash
c. debit; Product Warranty Payable
d. credit; Product Warranty Expense

Answers

A. Debit; product warranty expense

TRUE OR FALSE - ACCOUNTING
1. A company pays $3,000 for three months' rent on December 1 and recorded the prepayment as an asset. The adjusting entry on December 31 is a debit to Rent Expense, $1,000, and a credit to Prepaid Rent, $1,000.
2. To determine the balance in an account, always subtract credits from debits.
3. A company’s accounts payable represents an amount that the company will collect from customers.
4. Unearned Revenues appear on the income statement.
5. The Prepaid Expenses are an example of a liability.

Answers

1. True
2. False - If the normal sign is a credit, subtract the debits from the credits
3. False - accounts payable represents an amount the company must pay to its vendors/creditors
4. False - Unearned revenues are a liability
5. False - Prepaid expenses are an asset


Which BCMAP situation requires a direct comment on the USMC Fitness Report?
Select the best re

Answers

Self discipline is a BCMAP situation that require a direct comment on the USMC fitness report.

What is Body composition millitary appearance and fitness report?

BCMAP is the program employed by millitary base to develop and build bodies of corps for effectiveness in their work and for their healthiness in performing task.

The Fitness Report is a strategy use by which the Marine Corps so as to check and evaluates Marine's performance for their selection, assignment, retention and capabilities.

Therefore, Self discipline is a BCMAP situation that require a direct comment on the USMC fitness report.

Learn more about fitness report below.

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