On December 1, 2017, Corby Ltd. borrowed $270,000 from their bank, by signing a four-month, 7\% interest-bearing note. Assuming Corby has a December 31 year end and does NOT use reversing entries, the journal entry to record payment of this note on April 1, 2018 will include a A) credit to Note Payable of $270,000. B) debit to Interest Expense of $6,300. C) debit to Interest Payable of $4,725. D) debit to Interest Payable of $1,575.

Answers

Answer 1

The correct answer is D) debit to Interest Payable of $1,575. When the note is issued on December 1, 2017, Corby records a debit to Cash for $270,000 and a credit to Note Payable for the same amount.

Over the four-month period, the interest expense on the note is calculated as ($270,000 * 7% * 4/12) = $7,000. However, since Corby does not use reversing entries, the interest expense is not recognized until the payment date. Therefore, on April 1, 2018, when the note is paid, Corby will debit Interest Payable for the amount of interest expense that has accrued but not yet been recognized, which is $1,575 (3/12 of $7,000). The remaining balance of $270,000 will be credited to Note Payable to settle the loan.

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Related Questions

What’s the best answers

Whats the best answers

Answers

I think the fresh vegetables

Anyone have a good name for a sports media company?

Answers

Less go, as if you will offer less money to give them the service

Help me!
Give few examples of resources that are at the risk of depletion.​

Answers

Answer:

There are several types of resource depletion, the most known being: Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn agricultural practices, Soil erosion, and overconsumption, excessive or unnecessary use of resources.

Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn farming methods, soil erosion, and overconsumption, excessive or unneeded use of resources are some of the more well-known examples of resource depletion.

What natural resources are at risk of depletion?

Minerals, oil, water, and forests are the resources that are most at risk of being exhausted. The primary driver of deforestation is agriculture, and as food prices rise, more land is being destroyed for crops. Deforestation is a major cause of carbon dioxide emissions, which contribute to global warming.

As of now, there are more than 7 billion people living on Earth, which has resulted in a significant strain on the natural resources that our planet provides due to the ever-increasing demand for these resources. Resource depletion is the correct word to use when the pace of resource use exceeds the rate of resource replenishment. Resource depletion is not a particularly fancy or difficult phrase, but it has been the focus of much research for some time.

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A boss tells her employee, "If you don't get me those figures in the next five minutes, you're fired!" This is an example of which type of power?

Answers

Answer:

Coercive power

Explanation:

This boss is exercising coercive power. Such a power stems from a place of authority. The boss is hereby using force to ensure that this employee follows orders. In a situation whereby the employee fails to do what is expected of him, such a boss has the power to punish this boss for not complying with set instructions. This type of power can be used to make sure that Employees remain disciplined in an organization.

who uses financial institutions? ​

Answers

Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography

Explanation:

Answer:

The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.

Type the correct answer in the box. Spell the word correctly.

Identify the type of document.

statement uses information about profit earned before tax and the net profit after payment of taxes to determine the revenue earned by the company.

Answers

The type of document described is an income statement.

An income statement, also known as a profit and loss statement or statement of earnings, is a financial document that provides a summary of a company's revenues, expenses, and profitability over a specific period. It is an essential financial statement used to assess the financial performance and profitability of a business.

In the context given, the income statement uses information about profit earned before tax and the net profit after payment of taxes to determine the revenue earned by the company. The income statement starts with the company's revenue, which represents the total income generated from sales or services.

It then deducts various expenses, such as operating expenses, cost of goods sold, depreciation, and interest, to calculate the net profit before tax. This figure represents the company's profit before accounting for taxes. Finally, taxes are subtracted from the net profit before tax to obtain the net profit after tax. By subtracting the net profit after tax from the revenue, the income statement determines the revenue earned by the company.

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Research cultural business communication etiquette for a country outside of the USA, and list 5 tips for successful cultural communication and etiquette in a business setting. Include the name of your country, the 5 tips (bulleted statements) and the website URL of your research used.

Research cultural business communication etiquette for a country outside of the USA, and list 5 tips

Answers

Answer:

wow

Explanation:

Two common measures of the overall level of prices are.

Answers

Two further indicators of the general level of prices are the GDP deflator and the consumer price index.

What do you mean by price level?

The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level refers to the cost or price of a good, service, or security in the market.

Price level indicators track changes over time and indicate the overall level of pricing for goods and services in an economy.

The Consumer Price Index (CPI), The GDP deflator, and Producer Price Index

is the three main price level indicators that economists and policymakers frequently cite (PPI).

Therefore, the aforementioned are some of the usual indicators of price level changes.

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1.$7,000 of merchandise inventory was ordered on September 2, 20092.$3,000 of this merchandise was received on September 5, 20093.On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received.4.On September 10, 2009, $800 of the merchandise was returned to the seller.Based on the above information, what would the journal entry for September 10, 2009 include

Answers

Answer:

Credit to merchandise inventory $800

Explanation:

Based on the information given we were told that the amount of $800 of the merchandise was returned to the seller which means that the journal entry for September 10, 2009 will include a Credit to merchandise inventory for the amount of $800.

Credit to merchandise inventory $800

Outline why it is important for a business owner to respond to technological and global issues when establishing a business?

Answers

Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.

In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.

Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.

The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.

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You have decided to continue on with licensing your business to a firm in India. Much to your surprise, the Indian government has announced that it intends to enact local content law requirements. How will this impact the production of your products?

Answers

Answer:

You are not supposed to be allowed to import solar kits through India.

Explanation:

By laws requiring a predetermined reserve marketplace of providers for foreign operators to purchase from, local sourcing laws therefore will inevitably establish circumstances that are favorable to corruption and fraud. That was because regulations on local content enable businesses to use the very goods as well as products manufactured throughout the home economy and don't use imported products.

_____ are examples of consumer markets Soft goods Soft goods Selling services to businesses Selling services to businesses Services Services Selling finished goods

Answers

Soft goods and selling services to businesses are examples of consumer markets.

What is consumer market?

Consumer market is a market where an individual who wants to consume a product or needs a service can buy for their use.

Consumer markets are products for consumption.

Therefore, soft goods and selling services to businesses are examples of consumer markets.

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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE

What is the main reason companies offer free or promotional items and services?




to get rid of bad products




to lure in new customers willing to spend money




to reveal their new products to their competition

Answers

Answer:

lure in customers; so the middle option

Answer:

to lure customers

Explanation:

Karen has determined that she is ready to start investing. She is young and interested in the stock market. At this stage, she doesn't want to overcommit herself. Describe the specific steps Karen should take when investing her money in the stock market. (Worth 20 Points)

Answers

Answer: 1. Learn the basics of investing As with any new adventure, investing might seem challenging at first.

2. Find your investing identity Another important part of the process is to discover your investing identity.

3. Discover the right investments for you

4. Open and fund your brokerage account

5. Make your first investment

Explanation:

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Answers

Answer:

I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz

Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.

Answers

Clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s are perceived value

Perceived value refers to a customer's assessment of the benefits or attractiveness of a good or service, particularly in comparison to a competitor. The cost that consumers are prepared to pay for a commodity or service serves as a proxy for perceived value. Price level targeting is a technique used by central banks to implement monetary policy in which a particular level of a price index, such as the CPI, is targeted. Price level targeting adjusts depending on recent events, much like inflation targeting with a forward-looking perspective.

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which statement in true about business relationships in supply chains? multiple choice question. they must be between independent entities. they are based on meeting each other's needs. they must be between divisions of the same firm. they are always close working partnerships.

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Relating to supply chain links between businesses relationships in the supply chain are based on meeting one another's needs. This statement is true.

Business relationships are essential for the success of supply chain management. To achieve supply chain goals like maximizing customer value and minimizing transaction costs, hence maximizing revenues, good inter-business connections are essential.

The delay between you, the exporter, paying your suppliers and when you receive payment from your buyers is known as the transactional relationship in the supply chain (the importer). The majority of the time, the overseas customers who buy your products are not the final consumers.

Relationships can be the focal point of supply chain management, fostering a more cooperative and productive dynamic. When it comes to complying with new rules and regulations, buyers who get along well with their suppliers will have an advantage.

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Answer: They are based on meeting each other's needs.

If the SEC does not agree with a standard issued by the private sector, it can: __________

Answers

A standard may be changed by the SEC if it is not in agreement with one that the private sector has issued.

The portion of the economy that is run by people and businesses for profit and is not under state control is known as the private sector. As a result, it includes all for-profit companies that are not owned or run by the government. Government-run businesses and companies are considered to be in the public sector, whereas charities and other nonprofits are considered to be in the voluntary sector.

A country's private sector is the portion of the economy that is owned, controlled, and run by private persons or businesses. In comparison to the public sector, the private sector employs more people and seeks to make money. A public sector entity can be privatized or a new business might be established to operate in the private sector. Large private sector corporations might be privately held or traded publicly. Private sector companies compete for consumers' dollars by lowering prices for goods and services; in theory, consumers won't pay more for an item if they can get it elsewhere for less money.

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Sysco Corporation, formed in 1969, is the largest global distributor of foodservice products, serving over 500,000 restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year (dollars are in millions).


a. Purchased buildings costing $432 and equipment costing $254 for cash.


b. Borrowed $119 from a bank, signing a short-term note.


c. Provided $55,371 in service to customers during the year, with $28,558 on the account and the rest received in cash.


d. Paid $132,074 cash on accounts payable.


e. Purchased $41,683 of inventory on account.


f. Paid payroll, $6,540 during the year.


g. Received $22,043 on account paid by customers.


h. Purchased and used fuel of $1,750 in delivery vehicles during the year (paid for in cash).


i. Declared $698 in dividends at the end of the year to be paid the following year.


j. Incurred $121 in utility usage during the year; paid $110 in cash and owed the rest on account.


Required:


For each of the transactions, prepare journal entries

Answers

A Journal entry records a business sale in an association's account system.

Journal Entry is the prosecution or recording of an profitable or non-economic operation. The deals are recorded in the general tally, which shows the company's disbenefit and credit balances.

The journal entries are given below:

Sl. no      Particulars                                  Debit                     Credit

a)           Buildings a/c                             $ 432

             Equipment  a/c                         $ 254

             To cash a/c                                                                 $ 686

b)           Cash a/c                                     $ 119

             To notes payable a/c                                                  $ 119

c)            Accounts receivable a/c           $ 28,558

              Cash a/c                                    $ 26,813

             To Service a/c                                                            $ 55,371

d)           Accounts payable a/c               $132,074

              To cash a/c                                                              $132,074

e)            Inventory a/c                            $41,683

             To Accounts payable a/c                                           $41,683

f)            Payroll a/c                                 $6,540

             To cash a/c                                                                  $6,540

g)           Cash a/c                                    $22,043

             To Accounts receivables a/c                                      $22,043

h)           Fuel expenses a/c                         $1,750

             To cash a/c                                                                  $1,750

i)            Dividends a/c                                $698

             To shareholders dividend a/c                                     $698                        

h)           Utility expenses a/c                        $121          

             To cash a/c                                                                      $ 110

             To Accounts payable a/c                                                $ 11

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As a business owner, Marlon analyzed the economy to determine if it is a good time to open a new shop. What facts probably helped him realize that it is a good time do it?

Low unemployment rate and prices are rising slowly

High unemployment rate and prices are rising quickly

Few homes are being sold and restuarants are closing

Prices aren't changing and factories are shrinking

Answers

As a business owner, Marlon's decision to open a new shop would have been influenced by several economic factors. The two factors that probably helped him realize that it is a good time to do so are the low unemployment rate and slowly rising prices. These indicators suggest a stable economy with a healthy labor market and a controlled inflation rate. The correct option is a.

A low unemployment rate implies that there is a high demand for labor, which means that consumers have purchasing power to support businesses. In addition, low unemployment rates tend to increase consumer confidence, which can translate into higher spending and revenue for businesses. The slowly rising prices also suggest that inflation is under control, which means that consumers are not feeling the pinch of increasing costs of goods and services. This can lead to increased spending and growth in the economy.

On the other hand, the other options presented in the question, such as high unemployment rates and quickly rising prices, few homes being sold, and restaurants closing, indicate a weak or declining economy. High unemployment rates and quickly rising prices can result in decreased consumer confidence and lower spending, which can be detrimental to businesses. Few homes being sold and restaurants closing are also signs of a weak economy with decreased demand.  The correct option is a.
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what form of promotion would be best used for a business selling a new range of hair shampoo? give a reason for your answer.

-advertising
-personal selling
-direct promotions
-publicity ​

Answers

Advertising  is the form of promotion would be best used for a business selling a new range of hair shampoo.

What do you mean by business?

Business is the practise of earning a living or earning money by manufacturing, purchasing, and selling goods. If the company incurs debts, creditors may seize the owner's personal belongings. Corporate tax rates are not permitted in a firm structure.

Advertising would be the best form of promotion for a business selling a new range of hair shampoo because it would allow the business to reach a large number of potential customers at once. Additionally, advertising can be customized to target specific demographics, which would be beneficial for a business selling a new product.

Therefore, A is the correct option.

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What is one reason that could explain why some unethical behavior goes
unreported?

Answers

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.

the types of milatary are safe

Answers

Answer: US Air Force and Navy

Explanation:

Why is there a relationship between rate of return and risk?

Answers

Simply put, risk and required return are directly related by the simple fact that as risk increases, so does required return. As risk decreases, the required return decreases.

Actual return: Actual ROI reflects past financial performance and calculates the company's actual his ROI.

Required yield: The required rate of return reflects the level of risk involved in investing in a particular company.

Business valuation theory states that the required return is equal to the perceived risk of the investment. In other words, the rate of return required to attract investors over another investment opportunity in the current market. Effectively, as risk increases, so does the required return, which in turn reduces the value of the company in question (and vice versa).

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Besides pricing and issues directly related to costs, what are at least two other considerations you would need to think about before marketing a product in multiple countries?
Imagine you are a board game creator with a great new idea, but little business experience. What are some of the benefits you could get out of going to a board game conference or convention?
Craft a short (three or four sentence) sales pitch with you as the product—that is, some service you offer, or maybe selling yourself as an employee. To help create the message, imagine you happened to be entering an elevator the same time as the potential customer/client/employer. What could you say in the short time it takes to go between a few floors to convince them to “buy” what you are offering?
You are opening a store that sells children’s hiking gear, aimed especially at very small children (preschoolers). What kind of brand could help you increase sales? What kind of logo might you use? Who is, ultimately, your target audience?
60 IF you answer these questions ASAP
EXPLAIN YOUR ANSWERS

Answers

Answer:

Publicity, connections, promotion, tips, advice, business partners, investors, Offers.

Explanation:

Conventions and conferences for anything are always meant for meeting others like you. They are created for social connection.

Two considerations to think about before marketing a product in multiple countries are cultural differences and language barriers.

What is marketing?

Marketing is the process of discovering, creating, and delivering value to a target market in the form of goods and services.

Cultural differences and language barriers are two factors to consider before marketing a product in multiple countries.

Different cultures have different values, customs, and preferences, which can influence how products are perceived and used.

Attending a board game conference or convention could provide several advantages as a board game creator with little business experience.

These events allow you to network with other game designers, publishers, and distributors while also showcasing your game to potential customers.

A brand that promotes outdoor exploration and adventure for young children could help increase sales for a store that sells children's hiking gear aimed at preschoolers.

Thus, this can be concluded regarding the given scenario.

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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors

Who are the majority of businesses in resort towns targeted to?OseniorsOtouristsOemployeesinvestors

Answers

The majority of businesses in resort towns target tourists.

Who is the luxury hotel industry's target customer?

As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.

What advantages come from forming and focusing on prospect groups?

Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.

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Your finance rate is determined by your credit history and credit rating.
True
False

Answers

Answer: True!

Explanation:

If taxes decrease by $15 billion and real gdp increases by $75 billion, the tax multiplier is:________

Answers

If taxes decrease by $15 billion and real GDP increases by $75 billion, we can use the tax multiplier to determine the value. The tax multiplier is the change in real GDP divided by the change in taxes.
Tax Multiplier = - (ΔReal GDP / ΔTaxes)

Given:

ΔTaxes (change in taxes) = -$15 billion (decrease in taxes)

ΔReal GDP (change in real GDP) = $75 billion (increase in real GDP)

Tax Multiplier = - ($75 billion / -$15 billion)

Simplifying the calculation:

Tax Multiplier = - 5

So, the tax multiplier is $75 billion divided by $15 billion, which equals 5.

Therefore, the tax multiplier is 5.

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2 points True or False: Defense-In-Depth is an example of Risk Mitigation True False 4 points Risk management programs are designed to reduce risk to: the point at which the benefit exceeds cost a level that is too small to be measurable a level that the organization is willing to accept a rate of return that equals the current cost of capital 4 points How does your textbook define cybersecurity? The process by which an organization manages cybersecurity risk to an Protecting information assets by addressing threats to information that is processed, stored or transported by internetworked information systems The protection of paper documents, digital and intellectual property, and verbal or visual communications Protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, or destruction

Answers

Defense-In-Depth is an example of Risk Mitigation. This statement is true.

Defense-In-Depth refers to a layered security approach that aims to protect valuable data and system components by implementing multiple security controls throughout an organization's network infrastructure.

By having multiple layers of defense, organizations can reduce the likelihood of a successful cyber attack or minimize the potential damage if a breach occurs.

Risk Mitigation is a strategy that involves taking actions to decrease the likelihood or impact of potential threats to an organization's assets.

By implementing a Defense-In-Depth strategy, organizations can effectively mitigate risks associated with cyber threats.

The Defense-In-Depth strategy consists of several key components, including:

1. Network segmentation: Separating networks into smaller segments to limit the spread of potential threats and allow for greater control over access to sensitive data.


2. Access control: Implementing strong authentication and authorization mechanisms to ensure that only authorized users have access to critical resources.


3. Encryption: Encrypting sensitive data to protect it from unauthorized access and potential theft.


4. Intrusion detection and prevention systems (IDPS): Monitoring network traffic for suspicious activities and responding to potential threats in real-time.


5. Regular patching and updates: Keeping software and hardware up-to-date to protect against known vulnerabilities.


6. Security awareness training: Educating employees about security best practices and how to recognize potential threats.

In conclusion, Defense-In-Depth is an example of Risk Mitigation as it helps organizations to protect their valuable assets and reduce the likelihood or impact of cyber threats through the implementation of multiple layers of security controls.

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Question 3 of 10
Kristen has been working in a factory for 12 years and no longer wears a
helmet while working. She is experiencing one of the attitudes that commonly
lead people to have workplace accidents. What is she most likely feeling?
A. Anger
B. Overconfidence
C. Distraction
D. Exhaustion

Answers

Answer:

Letter B

Explanation:

Overconfidence

Overconfidence is she most likely feeling. As She is experiencing one of the attitudes that commonly lead people to have workplace accidents. Hence, option B is correct.

What is Overconfidence?

a cognitive bias that is characterized by an overestimation of one's genuine capacity for performance, by the belief that one does better than others, or by an excessive amount of faith in the truth of one's views. Contrast lack confidence.

Two overconfident actions that someone who thinks their sense of direction is much better than it actually is could display are going on a long trip without a map and refusing to ask for directions if they get lost along the way. Overconfident people think they are far smarter than they actually are.

Arrogance is the quality of being overconfident in one's abilities or prospects of success. Planning ahead can occasionally lead to overconfidence.

Thus, option B is correct.

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Will give brainliest! What is the main advantage of the HOTAS in the F/A-18 Super Hornets? HOTAS (Hands On Throttle and Stick) HELPPP WILL GIVE 33 POINTS a driver of a car took a day trip around the coastline driving at two different speeds. he drove 50 miles at a slower speed and 300 miles at a speed 20 miles per hour faster. if the time spent driving at the faster speed was thrice that spent driving at the slower speed, find the two speeds during the trip. through your skillful use of ____________, the reader should be able to deduce when and where the story is taking place. a 5-year-old boy is brought by his mother to the emergency department after ingesting a bottle of acetylsalicylic acid. which procedure should be initially instituted with this child? most professors have _____ power because they have considerable knowledge in their subject area. which of the following is a well-known framework for quantifying severity or the criticality of vulnerabilities? Maps that focus on ideas are known as what?A. politicalB. physicalC. humanD. special purpose PLEASE HELP QUICK !!Confirm that f and g are inverses by showing that f(g(x)) = x and g(f(x)) = xf(x) = [tex]\frac{2}{x}[/tex] and g(x) = [tex]\frac{2}{x}[/tex] .The demand for a new computer game can be modeled by p(x) = 40.5-8 In x, for 0x 800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold, in thousands. Recall that total revenue is given by R(x)=x. p(x). Complete parts (a) through (c) below. a) Find R(x). R(x) = A chord of length 24cm i 13cm from the centre of the circle. Calculate the radiu of the circle The best way to reduce medication mistakes is to _____. follow the "five rights" safety check have a coworker assist you ask the doctor to check the dosage make sure you have the correct patient and medicine what is the term for an execution state during which the cpu is mostly idle while waiting for pages to move between memory and disk? Solve the area of a rectangle formula for the width of the rectangle. A = LWW= L/AW = A + LW = A/LW = A L The british and french fought for control over which territory during the seven years' war? a. 1 b. 2 c. 3 d. 4 the parents of a child diagnosed with rhabdomyosarcoma ask the nurse to explain what this means. what is the nurses best response? sequential activities hold just as much potential for resource conflicts as parallel activities. True/ False What is the image of (-4,-4) after a dilation by a scale factor of 2 centered at the origin? As ecological succession progresses forward in time: Group of answer choices all the grasses and weeds will die the diversity of plant and animals decreases the diversity of plants and animals increases. there is very little effect on the diversity of plant and the nurse is attempting to insert an ng tube and, as the tube is passing through the pharynx, the client begins to retch and gag. what nursing interventions are appropriate in this situation? select all that apply.