Kindly explain what would be the adjusting entry for the specific question;
The note payable was at an interest rate of 9 percent payable monthly. It had been
outstanding throughout the year.
The beggining balance of Interest Expense is $ 7,100.00 and no beggining balance for Interest Payable

Answer:

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Explanation:

The adjusting entry is shown below;

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account

The six months could be computed from June 1 to December 31

The adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.

Date  Account titles and Explanation    Debit   Credit

          Unearned Fees                              $1,800

          ($3,600 × 6 months/ 12 months)

                   To Advertising revenue                     $1,800

            (Being the adjusting entry is recorded)

In conclusion, the adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.

Read more about Journal entry

brainly.com/question/14279491

The secretion of PYY decreases hunger and the secretion of orexin increases hunger.

The role of the hypothalamus in preserving homeostasis and influencing motivated actions has long been acknowledged. The lateral hypothalamic area, a section of the hypothalamus, is covered in this article (LHA).

It is hypothesised that brain regions located within the LHA, such as the perifornical area (PeF) and the dorsal portion of the lateral hypothalamus (LHAd), serve as a bridge between neuronal systems that control homeostasis and those that mediate appetitively motivated actions.

According to functional and immunohistochemical data, the LHA encourages a variety of motivated behaviours, such as eating, drinking, consuming salt, and engaging in sexual activity.

To know more about Brain, click here:

https://brainly.com/question/11950231

#SPJ4

Answer:

The answer is "$1.98".

Explanation:

calculating the profit per cake \(= \$32 -\$10 =\$22\)

\(\text{if demand}=6 , \ lose =\$22 \\\\\text{if demand}= 7,\ lose = \$44\\\)

Calculating E(profit lost):

\(=\$22 \times 0.05+ \$44 \times 0.02\\\\ =\$ 1.1+\$ 8.8\\\\=\$ 1.98\)

These are the factors of production in economics:

The factor of production is resources that are what people or companies use to produce goods and services.

The factor of production in economics:

Learn more about factors of production at: https://brainly.com/question/20738491

#SPJ4

Answer:

is this a Bible question?

Hopefully this is what ur talking abt Starbucks SWOT analysis is a study of the company’s strengths, weaknesses, opportunities and threats, in the internal and external business environment. Starbucks SWOT analysis reveals how the largest coffee chain in the world uses its competitive advantages to continue growing so successfully all over the world.                    

 Explanation:Hope this helps, and is what you meant.

Large printed sheets with photos and text that are typically exhibited in public spaces to advertise something are known as posters. It is a very powerful strategy for marketing a good, service, or occasion. The merits and demerits of Online marketing have been mentioned below.

Global research, which enables web marketing to reach every door, is one of its greatest benefits. Online marketing is substantially less expensive than conventional marketing strategies.

The bad criticism associated with online marketing can damage a company's reputation. It takes a lot of time since the proper plan must be carefully considered.

Learn more about online marketing here:

https://brainly.com/question/13034290

#SPJ1

In a life insurance contract, the insurance company's promise to pay stated benefits is called the death benefit. The death benefit is the amount of money that the insurance company will pay out to the beneficiaries named in the policy upon the insured person's death.

This benefit is typically tax-free and can be used to cover various expenses such as funeral costs, outstanding debts, and other financial obligations.

The amount of the death benefit is determined by several factors, including the policyholder's age, health, and lifestyle choices, as well as the amount of coverage they choose to purchase. It is important to note that the death benefit may be subject to certain limitations and exclusions, so it is essential to review the policy details carefully before signing on.

In summary, the death benefit is the insurance company's promise to pay the stated benefits to the beneficiaries named in the policy upon the insured person's death.

To know more about life insurance contract visit:

https://brainly.com/question/30564774

#SPJ11

An insurance company's promise to pay stated benefits in a life insurance contract is referred to as the insurance policy. It is a form of financial protection where policyholders make regular premium payments. In exchange, the company provides compensation to beneficiaries if the policyholder dies during the policy's effective period.

In a life insurance contract, an insurance company's promise to pay stated benefits is called the insurance policy. This is a method of protecting a person from financial loss, where policyholders make regular premium payments to an insurance company. In return, the insurance company agrees to remunerate a group member who suffers significant financial damage from an event covered by the policy, such as the policyholder's death.

An insurance policy is similar to a service contract in that the buyer pays an extra amount and the insurance company agrees to provide a service specified in the contract for a set period of time. The insurance company groups policyholders into a 'risk group' which shares roughly the same risks of an adverse event occurring. This process is crucial in determining the premium payment amounts.

https://brainly.com/question/10961961

#SPJ6

The first step in finding your dream job is discovery where you identify all the things that are important to you.

A job refers to any legal activity that allows an individual to perform a service and in return earn credits that the person can use to buy things. It can also mean some work that has to be done, for instance, there are jobs to be done in the house such as washing up, mending things that are broken, etc. Again, a job can also mean work that a person does to earn money.

The word may be used when a person works for someone else or an employer who pays them for the work.

Learn more about job, here:

https://brainly.com/question/17205577

#SPJ1

Answer:

This bonus scheme has two main problems:

In this situation both lose, the company and its customers.

In order to solve this issue, the store should award bonuses based on total revenue and gross profit margin, not volume. This way, the salespeople will try to sell their products at the normal price, which means that they will have to convince their customers through other strategies and not just low price. The sales technique will have to shift from low cost to differentiated product that can satisfy their customers' needs.

Based on the information given, the negative consequence of the bonus schemes is the reduction in profit.

It should be noted that a bonus scheme simply means an incentive scheme given to employees. It's used to boost the performance of the team.

It should be noted that the disadvantage of the bonus scheme is that it can lead to competition among the employees. Therefore, in this case, the bonus should not be based on volume of goods sold.

Learn more about bonus on:

https://brainly.com/question/25553386

Answer:

C.   proper technology to keep the person connected

Explanation:

Answer:

C

Explanation:

Edge 2021

Answer:

As said from quizzlet, Labor unions can use the power of collective bargaining and strikes to make management listen. Instead of using the power of one, easily replaced worker, the union uses the power of all workers for leverage.

Explanation:

Answer:

The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.

Explanation:

Discusses the benefits and drawbacks of paying more for a motherboard with more expansion slots as well as how to discover how much RAM a motherboard can support.

A motherboard typically has the following components: CPU, RAM, storage, ROM BIOS, Southbridge and Northbridge chipsets, cooling fans, peripheral connection slots, connectors for peripheral devices, battery backup, and power connector.

Random-access memory is the name of a frequently used computing shorthand, RAM. Other names for it are PC memory and simply memory. RAM is simply your laptop's or computer's short-term memory. This location of the data is required by your computer processor in order to execute your apps and open your files.

To know more about benefits visit:-

https://brainly.com/question/29854244

#SPJ1

Answer:

"Sweatt struck down “separate but equal” graduate and professional schools. Brown struck down “separate but equal” public schools."

Explanation:

The Supreme Court decision in Brown v. Board of Education struck down the separate but equal doctrine which does not accurately describe. The correct option is D.

The opinion of the unanimous Court was delivered by Chief Justice Earl Warren. The Supreme Court ruled that "separate but equal" facilities are inherently unequal and thus violate the Fourteenth Amendment's Equal Protection Clause.

The United States Supreme Court ruled unanimously in Brown v. Board of Education that public school racial discrimination violated the Fourteenth Amendment to the Constitution. The 1954 decision stated that segregating education programs for white and African American students was inherently unequal.

Thus, the ideal selection is option D.

Learn more about the Supreme Court in Brown v Board of Education here:

https://brainly.com/question/15376072

#SPJ6

Explanation:

1. $1270.54. This is evident since this was written at the bottom of the credit card statement.

2. $500. We find this under the row for payments.

Purchases made:

3. $500

4. Because he made late payments and it comes with a $35 penalty fee as stated in the credit policy of the company.

5. $10.54.

6. $5,000 credit limit, and $3,729.46 is Joe's available credit line.

7. Purchases: 13.99%, Balance transfers: 13.99%, Cash Advances: 25.99.

8. $25.

9.  4/29/19.

10. No, because there is no cash advance charge on the statement.

11. In other to inform the card-holders about the financial burdens attached to paying only the minimum payment due.

The branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.

This refers to those law that consists of the enforceable rules of conduct that govern commercial relationships.

Some examples of business law in the country sphere covers the area of employment Law, immigration Law, Consumer Goods Sales, Antitrust, Intellectual Property, Taxes etc.

The Legislative branch creates the business law to protect the consumers and regulate business activities.

In conclusion, the branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.

Read more about business law

brainly.com/question/26463698

#SPJ1

Answer:

Critical Thinking,Mathematics, and Operation and Control.

Explanation:

False, The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.

What is the term structure's pure expectations theory?

A hypothesis which claims that only forward rates are the rates which are expected to be paid in the future. In other words, the entire term structure is a reflection of what the market anticipates will happen to short-term rates in the future.

                               Increasing short-term interest rates are implied, for instance, by an increasing slope to the term structure.

What does expectation theory mean?

The long-term interest rate is a weighted average of the current and anticipated short-term interest rates, according to the expectations theory of the term structure. The long rate will be equal to the short rate if anticipated future short rates remain unchanged (plus a constant risk premium).

Learn more about The pure expectations theory

brainly.com/question/30543289

#SPJ1

When determining if an item must be reported as income when calculating federal income taxes, there are a few factors to consider.

25,000 won on a game show: Yes, this must be reported as income when calculating federal income taxes. Game show winnings are generally considered taxable income.12 interest earned on a savings account: Yes, this must also be reported as income when calculating federal income taxes. Interest earned on savings accounts is subject to taxation.
1,000 received from a grandparent: Generally, gifts received from family members, including grandparents, are not considered taxable income and do not need to be reported on your federal income tax return.500 from selling old furniture in a yard sale: Generally, the proceeds from selling personal items, such as old furniture in a yard sale, are not considered taxable income and do not need to be reported on your federal income tax return.

To know more about reported visit:

https://brainly.com/question/31502938
#SPJ11

The entry to record the conversion of the convertible preferred stock to common stock would include a debit to Additional Paid-In Capital on Preferred Stock for $11,000. Therefore, the correct option is C.

Convertible preferred stock is a type of stock that grants holders the option of converting their preferred shares into common shares after a set period of time or after a specific event has occurred.

The following are the accounting entries that must be made when the convertible preferred stock is converted to common stock:

Dr. Common Stock (7 shares at $4) $28

Dr. Additional Paid-In Capital on Common Stock $56

Cr. Convertible Preferred Stock $11

Cr. Additional Paid-In Capital on Preferred Stock $73

Based on the details given in the question, Budget Leasing issued 500 shares of $20 par value convertible preferred stock at $22 per share. Each preferred share is converted to 7 shares of $4 par value common stock.

To calculate the total cost of issuing 500 convertible preferred shares, we'll use the following formula:

Total Shares Issued = Number of Shares × Issue Price = 500 × $22 = $11,000

To calculate the total number of common shares that will be issued, we'll use the following formula:

Total Common Shares = Number of Preferred Shares × Conversion Ratio = 500 × 7 = 3,500

To calculate the total value of the new common shares, we'll use the following formula:

Total Value of Common Shares = Total Common Shares × Par Value = 3,500 × $4 = $14,000

To calculate the total amount of Additional Paid-In Capital on Preferred Stock, we'll use the following formula:

Additional Paid-In Capital on Preferred Stock = Total Cost of Preferred Stock - Par Value of Preferred Stock = $11,000 - $20 × 500 = $1,000

To calculate the total amount of Additional Paid-In Capital on Common Stock, we'll use the following formula:

Additional Paid-In Capital on Common Stock = Total Value of Common Shares - Total Cost of Common Stock = $14,000 - $11,000 = $3,000

The entry to record the conversion of the convertible preferred stock to common stock would include a debit to Additional Paid-In Capital on Preferred Stock for $11,000. Therefore, the answer is option C: debit to Additional Paid-In Capital on Preferred Stock for $11,000.

Learn more about Preferred stock:

https://brainly.com/question/18068539

#SPJ11

Answer:

u have to be 30 to get a drink (or make a fake ID card

Explanation:

bars money would go down

These entries reflect the costs incurred in the production process and recognize the wages payable to the employees. The direct labor costs are allocated to the respective work-in-progress inventory accounts for each department, while the indirect labor costs are recorded in the manufacturing overhead account.

To record the production activities mentioned, the following journal entries need to be made:
1. For the direct labor incurred in the roasting department:
Debit - Work in Progress Inventory - Roasting Department - $51,000
Credit - Factory Wages Payable - $51,000

2. For the direct labor incurred in the blending department:
Debit - Work in Progress Inventory - Blending Department - $32,000
Credit - Factory Wages Payable - $32,000

3. For the indirect labor incurred in production:
Debit - Manufacturing Overhead - $25,000
Credit - Factory Wages Payable - $25,000

Crediting the factory wages payable account indicates that the payment for these wages is yet to be made. These entries ensure that the production costs are properly accounted for in the financial statements.

To know more about indirect labor refer to

https://brainly.com/question/30625568

#SPJ11

19. Option B (ii) and (iii) only are the following(s) by itself correctly describing the properties of the CPI in the United States.

20. Option A (i) Statement (1); (ii) Statement (2) are the most appropriate choices for the given questions.

Explanation:

19.

CPI stands for Consumer Price Index, which is a measure of the average change in prices paid by consumers for a fixed basket of goods and services. CPI is one of the most common indicators of inflation, as well as a measure of the purchasing power of the dollar. The following statement (ii) and (iii) correctly describe the properties of the CPI in the United States: It fixes the basket of goods and services consumed by the typical urban family of four in the United States for a period of time and tracks how its values change over time. It does not capture the change in the quality of the goods and services.

20.

Whenever there is a decrease in checking account deposits, M1 (Money supply) will most likely occur. When there is a decrease in savings account deposits, M2 will most likely occur. Hence, Option A is the most appropriate choice for the given question.

To know more about CPI , visit:

https://brainly.com/question/17329174

#SPJ11

Yes, there is a skills gap in today's college graduates in the workforce, as evidenced by the increasing disparity between employer expectations and the competencies possessed by recent graduates.

According to a survey by the National Association of Colleges and Employers, only 43% of employers considered recent graduates to be well-prepared for entry-level positions. This gap is partly due to the rapid pace of technological advancements, with many curricula failing to keep up.

Additionally, the emphasis on theoretical knowledge over practical skills and lack of opportunities for real-world experience contribute to this gap. As a result, employers often have to invest time and resources in training new hires, hindering productivity and economic growth.

Some factors contributing to the skills gap in college graduates include outdated curricula, inadequate work experience, and limited exposure to practical skills relevant to the current job market. For instance, some courses and programs may be outdated, making it challenging for students to develop the skills and knowledge required by today's employers. Moreover, the gap between what employers expect from college graduates and what they can offer is another significant concern that contributes to the skills gap in college graduates.

In conclusion, it is clear that there are valid arguments both for and against the existence of a skills gap in today's college graduates in the workforce. However, the debate on this topic is ongoing, and it is essential for college graduates to acquire the necessary skills and competencies required to succeed in the current job market.

Learn more about skills gap: https://brainly.com/question/30510961

#SPJ11

The needed rate of return for a security will be lower than its expected rate of return at equilibrium. It must be true that the expected return was higher than the needed return if a security's realized return is negative.

The period of the security is shortened in direct proportion to the interest rate. the bond's cash flows' weighted average time to maturity. A assessment of a bond's interest rate risk called duration takes into account the maturity, yield, coupon, and call features of the bond. The sum of all these variables is used to determine how sensitive the value of a bond might be to changes in interest rates. The rate of return is determined by adding the dividend rate of return and the price change rate of return.

Learn more about return here:

https://brainly.com/question/29569139

#SPJ4

Answer:

needs: shelter, clean water, clothing

wants: luxury house, coca cola, designer jeans

Explanation:

while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport

Needs:

Shelter

Clean Water

Clothing

Wants:

Luxury House

Coca-Cola

Car

Designer Jean

Answer:

because they cant stop spending money

Explanation:

money is money

D. Gross profit is the only item from the given options that appears as a line item in the traditional format of an income statement.

Gross profit is the difference between net sales (revenue) and cost of goods sold (COGS).

It represents the amount of revenue that remains after deducting the direct costs associated with producing and delivering the goods or services sold.

Total fixed costs, total variable costs, and contribution margin are not typically shown as line items in the traditional format of an income statement. They may be used in various calculations to arrive at the net income or profit figure, but they are not reported as separate line items.

To know more about Gross Profit related question visit:

https://brainly.com/question/18567528

#SPJ11

Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.

Nigel performs tests on a patient to get information about how his heart is working.

Krystal analyzes X-rays to determine whether a patient has a broken arm.

Explanation:

Answer:

A. B. F.

Explanation:

Edge