At the end of its fiscal year, Blossom Company will record an interest expense of $2,880 for the first note payable and accrue $260 for the second note payable, reflecting the interest obligations and adjusting the notes payable on the financial statements.
As Blossom Company has a November 30 fiscal year-end and prepares to adjust entries on an annual basis, the company needs to make adjusting entries at the end of its fiscal year to recognize interest expense and adjust the notes payable.
The first note is payable, issued on June 1, 2021, with a maturity date of October 1, 2021, the note has a term of eight months and carries an interest rate of 7%.
Since the note matures before the fiscal year-end, Blossom Company will need to record the interest expense for the portion of the note term that falls within the fiscal year. In this case, four months of the term fall within the fiscal year (July, August, September, and October).
To calculate the interest expense, we can use the formula: Interest Expense = Principal x Interest Rate x Time. For the first note, the interest expense for the four-month period will be $86,400 x 7% x (4/12) = $2,880.
For the second note payable, issued on October 1, 2021, with a three-month term and a 5% interest rate, the interest is payable monthly on the first day of each month.
Since the note extends beyond the fiscal year-end, Blossom Company will need to accrue the interest expense for the months that fall within the fiscal year. In this case, two months of interest expense will be accrued (November and December).
To calculate the interest expense for the second note, we can use the formula: Interest Expense = Principal x Interest Rate x Time. For the second note, the interest expense for the two-month period will be $31,200 x 5% x (2/12) = $260.
Therefore, as part of the adjusting entries at the end of the fiscal year, Blossom Company will record an interest expense of $2,880 for the first note payable and an accrual of $260 for the second note payable. These entries will reflect the interest obligations and adjust the notes payable accordingly on the company's financial statements.
To learn more about notes payable
https://brainly.com/question/25148915
#SPJ11
how to promote diversity and inclusion in the workplace
Take part in the diversity initiative. You can join or form an employee resource group, volunteer to lead or sit on a committee that plans events and activities relating to diversity, or you can start your own employee resource group.
What is diversity?The idea that companies gain from having a diverse workforce is very common. Since the 1960s, models of workplace diversity have developed, and this has fueled the commercial argument for diversity. A diverse population is one that includes a wide range of individuals from different racial, ethnic, socioeconomic, and cultural backgrounds as well as with different lives, backgrounds, and interests. being represented in the department by a diverse group of people and viewpoints. A diverse population is a collection of individuals living in the same location.Each individual has a unique perspective on the world, regardless of culture, nationality, or other factors. Every society, person, and culture has unique knowledge, viewpoints, and points of view. Miracles can happen when these various points of view are brought together.To learn more about diversity refer to:
https://brainly.com/question/5260641
#SPJ4
Write three sentences.What is summer mainly about and what is your fav thing about summer time?
what statement best illustrates an example of economic specialist
George wants to advertise online, but his profit margins are tight. He's worried the spend won't provide the income he needs. How can Smart Shopping campaigns help George get the results he needs
Answer:
Explanation:
Smart Shopping campaigns would allow George to get the best results by placing his ads in front of the people that are the most likely to purchase his product. Using such a campaign, George can set his own budget and the system analyzes his product details. Then the system places his ads strategically in the places where individual's are searching for that exact product or a product with very similar details, thus drastically increasing the chances of those viewers clicking on the ad and making a purchase.
Match the terms.
a. Initial Markup
b. Additional Markup
c. Markup cancellation
d. Markdown
e. Markdown cancellation
1. original amount of markup from cost to selling price
2. Increase in selling price subsequent to initial markup
3. Elimination of an additional markup.
4. Reduction in selling price below the original selling price
5. Elimination of a markdown
In a five paragraph essay compare the role of citizens in the federal government, and in your state and local governments. Be sure to include: a. Criteria for membership as a citizen b. Different types of elections c. Civic responsibilities and duties
Answer:
I think it's C)
Explanation:
Suppose Eleanor modifies her portfolio to contain 75% diversified stocks and 25% risk-free government bonds; that is, she chooses combination D. The average annual return for this type of portfolio is 9.5%, but given the standard deviation of 15%, the returns will typical
Given the portfolio composition of 75% diversified stocks and 25% risk-free government bonds (Combination D), the average annual return is 9.5%. However, due to the standard deviation of 15%, the returns will typically vary.
This type of portfolio offers a balance between risk and return, as the risk-free government bonds help mitigate the overall risk from the diversified stocks. The average annual return of 9.5% is the expected return for this portfolio, which means that on average, the investments are expected to grow at this rate. However, the standard deviation of 15% indicates the degree of fluctuation in the returns.
A higher standard deviation signifies a higher level of risk and uncertainty. In this case, the returns may typically range from -5.5% (9.5% - 15%) to 24.5% (9.5% + 15%). By choosing combination D, Eleanor is striking a balance between achieving potentially higher returns from the stocks and the stability provided by the risk-free government bonds.
To know more about portfolio refer to:
https://brainly.com/question/30788944
#SPJ11
You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
Anderson Corporation had a credit balance of $43,000 in its Retained Earnings account on December 31, 2014. Net income of $6,000 was reported on its income statement for the year ended December 31, 2015. Dividends in the amount of $5,625 were declared on December 31, 2015; the dividends are payable to the company's stockholders on February 1, 2016. The balance in its Retained Earnings account on December 31, 2015 equals _____.
Answer:
The balance in its Retained Earnings account on December 31, 2015 equals $43,375
Explanation:
Ending retained earnings = Beginning retained earnings + Net income - Dividend declare = $ 43,000 + $ 6,000 - $ 5,625
= $ 49,000 - $ 5,625
= $ 43,375
The balance in Anderson’s Retained Earnings account on December 31, 2019 is $ 43,375.
HELP ON A TEST Which is the least likely use for a smartphone app in our retail food chain?
tracking refrigeration temperatures
heating food on the screen
checking for food-bome bacteria
monitoring produce ripening
Answer:
The anwser is B "heating food on the screen."
Explanation:
Say it outloud and listen to yourself.
Which of the following is an example of an e-commerce security concern?
A. Making sure products mailed to consumers are not damaged
OB. Keeping online payments and information secure
C. Ensuring that products are safe for consumers to use
D. Educating consumers about their market options
SUBMIT
Keeping online payments and information secure is an example of an e-commerce security concern.
What is e-commerce?
E-commerce refers to buying and selling of products and services that take online through the web rather than physical activities of trade which occurs offline, hence, we are concerned with any breach of a firm's information technology security architecture , which means that making sure the products mailed are not damaged is not a concern because mailing does not happen online, the products need to be physically delivered,
Besides, online payments security is the most essential issue to keep abreast in e-commerce, any client whose debit or credit card is compromised would return to the store and would take legal actions against the e-commerce store, safety of payment is key,
Find out more about e-commerce on:brainly.com/question/17023046
#SPJ1
2. Making choices is necessary in all economic systems because:
A. there are so many products that we cannot use them all at once
B. the government has so much money that it does not know what to do with it
C. there are so many resources compared to people’s needs that we have to choose which ones not to use
D. there are so many wants compared to scarce resources that we have to decide what to produce
Explanation:
it is d because we don't have enough resources to sustain forever so we have to figure out how to make them last.
in the long run, a. the natural rate of unemployment depends primarily on the level of aggregate demand. b. inflation depends primarily upon the money supply growth rate. c. there is a tradeoff between the inflation rate and the natural rate of unemployment. d. all of the above are correct.
In the long run, b. inflation depends primarily upon the money supply growth rate. The natural rate of unemployment (a) does not depend on aggregate demand in the long run, as it is mainly determined by structural factors such as labor market policies, demographics, and technological advancements. In contrast, aggregate demand has a more significant effect on short-run fluctuations in unemployment.
Regarding c, the tradeoff between inflation and unemployment is known as the Phillips curve, which describes a short-run relationship rather than a long-run one. In the long run, the natural rate of unemployment remains unchanged, and the economy tends to return to this level regardless of the inflation rate.
In summary, the long-run relationship between inflation and the money supply growth rate (b) is the most accurate statement. Factors such as labor market policies, demographics, and technology determine the natural rate of unemployment, while the Phillips curve represents a short-term tradeoff between inflation and unemployment.
to know more about rate of unemployment click this link
brainly.com/question/29854835
#SPJ11
How's everyone's day? explain please
Answer:
You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.
Answer:
I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.
Explanation:
An online clothing boutique decides to install a web or Internet cookie in the browser of each user who visits its site. The purpose of the cookie is to remember information about the user and help monitor-browsing patterns on their site and others. This enables the boutique's website to suggest products to the customer that match their browsing history. This is:
Answer:
a practice that may have longer term implications on the ethics of personal privacy
Explanation:
Cookies are a tool that is used on websites to identify user browser history.
The information on a user's browsing habits is then used by businesses to tailor display information relevant to what they are usually interested in.
Usually they are a safe way to improve browsing experience, but they can be used by criminals to spy on people and gain unwanted access to their data.
Cookies save information about a user session by storing data like usernames.
There is a long term danger of having one's browsing history tracked without their consent
1 Questions like "Will we produce everything as needed?" and "Do we need to increase capacity over time?" are part of which of the following planning activity? a. Sales & Operation Planning (S&OP) b. Collaborative Planning, Forecasting, and Replenishment (CPFR) C. Aggregate Planning d. Materials Requirements Planning 2 Which of the following activities answer these 3 questions: who are your customers, what are their needs, and how is your company going to meet their needs better than anyone else? a. Aggregate planning b. Integrated business planning: S&OP and CPFR c. Strategic business plan d. Production and purchasing control 3 With level strategy, you enjoy workforce stability, but suffer from varying carrying costs. True False
Aggregate Planning is the process of developing an overall plan that determines the production, workforce, and inventory levels required to meet the anticipated demand. It involves making decisions about the quantity and timing of production to align with the forecasted demand and strategic objectives of the organization.
The Strategic Business Plan is a comprehensive document that outlines the long-term goals, objectives, and strategies of a company. It involves analyzing the market, identifying target customers, understanding their needs, and developing strategies to differentiate and position the company's products or services to meet those needs better than competitors.
With a level strategy, the company aims to maintain a consistent workforce level regardless of fluctuations in demand. This approach promotes workforce stability as employees are retained even during periods of low demand.
Learn more about aggregate planning https://brainly.com/question/31136003
#SPJ11
normative statements involve value judgement is these statemen true or false?
Answer:
A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can prove that the statement is or is not correct
Explanation:
Kitchen Creations is a company that offers low-fat, heart-healthy meals that customers can order ahead of time and have delivered weekly to their homes. Rather than seeing itself a just a producer of food products, Kitchen Creations positions itself as a firm dedicated to helping customers save time and eat healthy. Kitchen Creations has set ________ objectives.
By positioning itself to emphasize and serve the health needs of customers, Kitchen Creations has set its Marketing Objectives. The keywords here are Positioning and Marketing Objectives.
What is a Marketing Objective?This refers to the set goals or targets that a brand or a business has decided to achieve just as we have in the example of Kitchen Creative, that are strategic to its overall objectives.
Positioning is the strategic image that a business has decided to create for itself and or its products in relation to other products and or businesses that are similar to its own.
See the links below for more about Positioning and Marketing Objectives:
https://brainly.com/question/6960017
https://brainly.com/question/24851851
Software that can help business owners and individuals manage their finances, track expenses for taxes, and highlight potential errors in bank and investment accounts falls under the general category of _____ programs.
A)addition
B)IRS
C)accounting
D)inventory
E-mail is usually a formal mode of business communication. Please select the best answer from the choices provided T F.
Answer:
F
Explanation:
No because at those formal period email wasn't created the formal mode of business communication was letter through the use of type writters
Answer:
false
Explanation:
Explain the importance of international employment
Answer:
having international workers allow organisation to be connected two other country markets as well.they get to know the best places to get resources and how to approach different countries through being thought business norms and culture by international employees.
Answer:
Employment created through the investment of a country or the partnership of countries is known as international employment. International employment are important to provide employment opportunities to people , help in bringing the investment of foreign capital , increase the pace of economic activities , provide environment to operate with foreign people's knowledge , skill and technology , create variation in material production etc.
Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
To learn more on opportunity cost, here:
https://brainly.com/question/13036997
#SPJ4
Who was the world richest men of 2005?
Explanation:
maybe it's William Gates lll
please mark the brainliest
3. Which of the following would NOT be a factor that affects which products a retailer chooses
to select to offer in a store?
A. Local customer preferences
B. Manufacturer incentives
C. Employee preferences
D. The store's location
ailor's
Employee choices wouldn't have any influence on the products a retailer selects.
What elements influence retail stores? What are the top five most crucial elements for a retail market?Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success. Let's examine how each of them can assist you in starting a profitable retail business.
What are the seven elements that influence where an industry is located?The seven variables that affect whether or not an industry is established are: the supply of materials, labour, capital, market access, the availability of a plentiful supply of electricity, transport modes like railroads and roads for the road transport of finished goods and raw materials, and the availability of land.
To know more about retailer visit:
https://brainly.com/question/29509602
#SPJ1
YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.
- Which plan has the highest total amount paid? How long is the repayment period for this plan?
a) The plan with the highest total amount paid is the Direct Unsubsidized Loan of $19,000 because, in addition to the interest, the principal amount is higher than the Direct Subsidized Loan.
b) The repayment period for the Direct Unsubsidized Loan is 10 years after graduation if the Standard Repayment Plan is chosen.
What are unsubsidized and subsidized loans?Subsidized Loans are student loans subsidized by the Federal Government, especially with respect to the interest payment.
Subsidized Loans do not accrue interest during school at least half-time or during deferment periods. They are available for undergraduate and graduate students in financial need.
Unsubsidized Loans are federal student loans for both undergraduate and graduate students that are not based on financial need. They accumulate interest during school if the student does not elect to make monthly interest payments.
Learn more about subsidized and unsubsidized loans at https://brainly.com/question/2651923
Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”
A. No, there is not an error.
B. Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.
C. Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
D. Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.
Answer:
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
Or
No, there is not an error.
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it, is the statement that has the error. Hence, option C is correct.
What is insurance policy?An insurance policy is a contract between the insurance establishment and the individual, business, or other entity being covered. You may ensure that your policy meets your statuses and that you and the insurance company are both aware of your trustworthinesses in the case of a loss by cautiously reviewing your policy.
Every insurance policy is divided into five sections: declarations, insuring agreements, definitions, situations, and conditions. A popular sixth section of policy is indorsements. Refer to these slices as you review the policies.
But most financial experts suggest that everyone purchase life, health, auto, and long-term disability insurance.
Thus, option C is correct.
For more information about insurance policy, click here:
https://brainly.com/question/17479291
#SPJ5
How do you say no .....without saying no in PERSON?
Answer:
You can say it through a text, a phone call, an email, or a letter.
Explanation:
Answer:
Text, call, Facetime, voice message
21. What are employee incentive plans and what do they offer?
Employees that create more are encouraged to do so and are rewarded accordingly under the incentive plan. The phrase "Pay for Performance" describes remuneration choices such merit pay, commission, individual incentive, group incentive, and gain-sharing plans.
What exactly are employee incentive programs?A company may decide to adopt an employee incentive program to encourage staff productivity. Employee incentives are a system that recognizes and rewards effort and success in the workplace by providing employees with the chance to receive prizes or recognition.
Why do workers appreciate incentive plans?Businesses may boost productivity, lower attrition, and reduce production costs by implementing reward programs for their staff. It raises morale, motivates staff, and fosters collaboration by increasing employee involvement. The incentive programs benefited the labor as much as the businesses.
Learn more about incentive plan: https://brainly.com/question/14443076
#SPJ1
who wants to vc wit me im depressed
When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.
So, yes Video calling would be a good option.
The straightforward definition of depression?Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.
What is the modern term for depression?Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.
To know more about Depression visit:
https://brainly.com/question/28810167
#SPJ1
The percentage of total workers who are out of work but seeking jobs and
willing to work is known as the
_______ rate.
Answer:
its either labor force participation rate or unemployment rate.
since he is still seeking a job, this leads me to believe that it is the labor force one, but to get the labor force participation rate you need the employed and the unemployed.
Explanation: