The journal entry for the receipt of the issue of note payable, based on the amount borrowed by Strato Corporation is:
Date Account title Debit Credit
Jan. 1 2021 Cash $2, 000, 000
Note payable $2, 000, 000
How to record borrowed amounts?When a company borrows an amount such as Strato Corporation did, the amount would first go to cash because the borrowed amount represents a cash infusion into the company. The cash account will therefore be debited by the amount that was borrowed because assets are debited when they come in. In this case, this amount is $2, 000, 000 so this will be debited to cash.
The loan represents a Notes Payable and so which is a liability. When liabilities are incurred, they are credited to the liability account. The loan amount would therefore be credited as a Notes payable with the amount $2, 000, 000.
The question is:
Record the receipt of cash from the issue of note payable.
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Direct labor variances ______. Multiple choice question. can only be computed for differences in pay rates are computed in the same way as material variances are generally the responsibility of the human resources manager are broken into two components (price and usage)
The direct labor variances are computed in the same way as the material variances.
In accounting, a direct labor variance means the difference between Standard cost for actual production and Actual cost in production.
Also, the material variances means the difference between the Standard cost and Actual cost of material purchased.Hence, the Direct labor variances are computed in the same way as the material variances.
Therefore, the correct option is B.
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Which of the following best describes the law of demand?.
Answer:
theres no options
Explanation:
which three activities are part of the function of accounting?
The 3 activities which are part of the function of accounting includes:
Classifying financial transactions interpreting financial transactions Recording financial transactionsAccounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.
As regards the options, 3 activities which are part of the function of accounting includes:
Classifying financial transactions interpreting financial transactions Recording financial transactionsIn conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.
Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"
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which of the promotion methods is the most precise?
The simple interest on $400 at 5% per annum for 2 years is.:
The simple interest amount that $400 principal will earn in 2 years at the rate of 5% is $40.
Data and Calculations:
Principal amount = $400
Simple Interest rate = 5% p.a.
Time = 2 years
Simple interest amount = $40 ($400 x 5% x 2)
The simple interest does not enjoy the power of compounding that increases savings.
Thus, the simple interest that the principal will earn in 2 years at the rate of 5% is $40.
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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as
Answer: Investing Activities
Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.
Hope this helps.
Explain the term economic activity
Answer:
1] Income Generation. All economic activities will generate some form of income. It is not compulsory that such income...
Explanation:
The two early economic plans proposed by President Carter improved economic growth. Did not improve economic growth. Gained support from many politicians. Reduced discrimination against banks.
The two early economic plans proposed by President Carter did not improve economic growth.
Jimmy Carter became the president of the United States at the time where the country was in a period of stagflation. There was high inflation in the country then and the economic growth was also very slow.
Jimmy carter tried to create reforms regarding the health sector, taxes, and the welfare of the nation.
His efforts to do these failed. One of the reasons why they failed was the fact that he had very poor relations with the congress.
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Answer:
B. did not improve economic growth.
Explanation:
edge2022 :)
Gerritt wants to buy a car that costs $29,250. The interest rate on his loan is 5. 53 percent compounded monthly and the loan is for 6 years. What are his monthly payments?.
Answer and Explanation: The answer is in the 1st image, and the explanation is in the 2nd image.
The monthly payment would be an amount of $541.04 for a car that costs $29,250.
What is a monthly payment?A monthly payment is a payment made every month to pay off loans or advances. It's similar to EMI.
Given that Gerritt wants to purchase a car for $29,250. His loan has a compounded monthly interest rate of 5.53 percent and a term of 6 years
The total payback = P× r/100 × T + P
Here P = $29,250, r = 5.53 , and T = 6 years
The total payback = 29,250× 5.53 /100 × 6 + 29,250
The total payback = 29,250× 0.0553 × 6 + 29,250
The total payback = $38,955.15
The total payback of the borrowings will be $38,955.15 over a six-year period. The monthly payment for this will be,
The monthly payment = Total payback / No. of payment
The monthly payment = 38,955.15/ 72
The monthly payment = $541.04
Therefore, the monthly payment would be an amount of $541.04.
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______ is a sum of money that a producer gives to a reseller for each unit the reseller buys after an initial promotional deal is over.
The term that describes the sum of money given to the reseller after initial promotional deal in addition to each unit, and it is been given by the producer is buy back allowance.
Buy back allowance serve as initial incentive, it can be regarded as form of trade sales promotion whereby there is ;
offering of incentive to channel members.so they can restock their store.It is been given by the producer to the reseller to motivate the reseller.
Therefore, buy back allowance is the correct term
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What is not a determinant of ped.
Answer:
Goods on which consumer spend less proportion of his income has an inelastic demand like a needle and newspaper. But the amount of income of a consumer does not affect the price elasticity of demand. Consumer's income has no relation with the price elasticity of demand for a particular good.
Explanation:
In order to make up for a budget deficit, the government can do what?
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 :)
If you move a shipment from point A to point B, the subsequent movement from point B back to point A is most commonly referred to as the ____________
When an individual moves a shipment from one point to another point and then moved it back to the previous point, it's known as reciprocal movement.
Reciprocal movement simply means a movement that's repetitive in a rotational or linear manner.
If one moves a shipment from point A to point B, the subsequent movement from point B back is reciprocal movement. Reciprocal movement can also occur when two businesses promote each other so that they'll gain a mutual benefit.
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can someone please help me i need the sales analysis for covergirl. please help it's due in 30 minutes
HOW ABT the beach set.
Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.
What is the yearly payment amount?
A.$360
B.$6,360
C.$1,800
D.$18,000
the single most important output in preparing financial budgets is the
Answer:
cash budget
Explanation:
Candice?
Bofa?
Joe?
Who are these ppl:(
Answer:im not sure
Explanation:
don’t. Search up Candace
The name Candice is used as a set up for the joke.
The extended warranty on a garage door is $238. If the warranty costs 35% of the purchase price, how much does the garage door itself cost, to the nearest dollar? a. $833 b. $393 c. $740 d. $680.
The amount that the garage door itself cost, to the nearest dollar is d. $680.
Using this formula
Cost=Extended warranty cost/Purchase price percentage
Where:
Extended warranty cost=$238
Purchase price percentage=35% or 0.35
Let plug in the formula
Cost=$238/0.35
Cost=$680
Inconclusion the amount that the garage door itself cost, to the nearest dollar is d. $680.
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Answer: d. $680
hope this helps <3
In ________ programs, annual compensation increases are usually linked to performance appraisal ratings.
Answer:
Performance appraisal (PA) is a method by which the job performance of an employee is documented and evaluated. Performance appraisals are a part of career development and consist of regular reviews of employee performance within organizations.
A merit rating is a score that each state assigns to employers based on their employment stability and employee turnover. The state then uses the merit rating to levy state unemployment taxes on each employer. Companies with lower ratings will have to pay lower unemployment tax percentages.
Explanation:
i hope that helps
When money is acting as a store of value, it allows an individual to.
Answer:
Transfer dollars, and therefore purchasing power, into the future
Explanation:
Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the lesson to support your answer.
Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.
As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.
Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.
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why does having a higher deductible lower your insurance premiums?
Answer: That's because you're agreeing to take on more of the cost of the damage.
Explanation: the lower you set your deductible, the more you'll pay for car insurance, because you'll be paying less out of pocket. I think <3
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Answer:
25 percentage
Explanation:
if 4000 is equal to 100 percent what about one thousand the rate is equal to 25 percentage
________ is a statistically based philosophy that aims to reduce defects, boost productivity, eliminate waste, and cut costs throughout a company.
what is the coordinating mechanism in a market system?
Answer:
The price mechanism is the central coordinating mechanism in a market economy. Prices tell people what to use their resources.
Explanation:
4. A media company that owns a newspaper is struggling to make the newspaper profitable.
Which model should the company's leadership use to best improve the newspaper's
profitability?
O maintain the status quo
O gradual time-orientated change
O flexibility with minimal structure
O structured change in steps
Answer:
it a
Explanation:
i llo
What is globalization in business.
Answer:
the increase in the flow of goods, services, capital, people, and ideas across international boundaries.
2 question 50 points PLUS Brainliest!
Question 1:
Shane is a trained firefighter for a county fire department. When someone reports that a fire is raging, Shane must respond to get everyone to safety. What talent would be helpful to Shane in his Career?
A. Shane is a methodical and likes to work alone.
B. Shane is persuasive and great at public speaking
C. Shame is calm and collected under pressure
D. Shane is artistic and plays several instruments
Question 2:
The governor of Virginia works as part of the local government.
True or false
2. True
Answer:
option b
true
that is a answer please mark me as a branliest
An annuity refers to a a.principal payment. b.lump sum payment. c.balloon payment. d.series of equal cash receipts at fixed intervals.
Suppose you are travelling in France, and you want to purchase a botte of wine that costs 20 euros. The exchange rate is 0.90 euros per dollar. In U.S. dollars this wine would cost:
In US dollars, the wine would cost $22.22.
Exchange rate is the rate at which the currency of one country is exchanged for the currency of another country. Based on the information provided in the question, $1 exchanges for 0.90 euros.
Value of the wine in dollars = cost of win in euros / exchange rate
20 /0.9 = $22.22
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