Wisdom Co. has a note payable to its bank. An adjustment is likely to be required on Wisdom's books at the end of every month that the loan is outstanding to record the:

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Answer 1

Wisdom Co. has a note payable to its bank. An adjustment is likely to be required on Wisdom's books at the end of every month that the loan is outstanding to record the: accrued interest expense for the month.

What is Accrued interest expense?

Accrued interest expense will appear on the income statement but not on the statement of cash flows.

Under the accrual method of accounting, the account 'Interest Expense' shows the interest that occurred during the period of time covered by the financial statement.

When that interest is past its due date for payment, it should be recorded as 'Interest Payable'.

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Related Questions

Question 3
You should plan on spending two
thirds of your paycheck on rent and
household expenses.
True.
False.
Question 4

Answers

Answer:

true

Explanation:

i think it true sorry if im wrong

Jon recently relocated to Canada from Greece. Jon is surprised to see how much emphasis is placed on employee involvement in decision-making in his new workplace. According to Hofstede Value Dimensions, Canada is

Answers

Canada has Individualism (IDV) as the very best ranking (80) Hofstede Dimension and is indicative of a society with a greater individualistic mindset and comparatively free bonds with others.

How Hofstede Values can be related to workplaces?

According to Hofstede, Canada's rankings are pretty excessive on individualism and indulgence, fairly excessive with recognition of masculinity and uncertainty avoidance, and incredibly low with regards to power distance and long-time period orientation.

Thus, Canada has Individualism (IDV) as the very best ranking (80) Hofstede Dimension and is indicative of a society with a greater individualistic mindset and comparatively free bonds with others.

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Each component of a spreadsheet is identified in a specific way. which spreadsheet component is identified using letters of the alphabet? in a spreadsheet application, a is identified using letters of the alphabet.

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The spreadsheet component that is identified using letters of the alphabet is a Column.

What is a spreadsheet?

spreadsheet serves as a working environment of the software known as Excel which can be used for various tasks.

Therefore, the spreadsheet contain Columns which is put vertically that helps in creating works on the Excel.

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Jessica is currently a freshman in college who wants to work for the health, safety, and environmental management career pathway. which best describes the path she should take to give her the typical education for her goal? jessica should get her bachelor’s degree and try to intern with a brownfield redevelopment specialist. jessica should get her bachelor’s degree and work as a taxi driver to meet people in the industry. jessica should get her associate’s degree and try to intern with an occupational health and safety specialist. jessica should get her associate’s degree and work as a travel clerk to meet people in the industry.

Answers

Answer:

The answer is A. Jessica should get her bachelor’s degree and try to intern with a brownfield redevelopment specialist.

Explanation:

Brownfield Redevelopment Managers help make contaminated lands reusable. So, that would fall into the Health, Safety, and Environmental  management career pathway. It's not C because you would need to have a Bachelors degree to be a Health and Safety specialist. The other options are self explanatory.

Answer: the answer is A

Explanation:

I hope this helps: )))

2. m&j does not have a formal management approach to managing the employees. some low-level employees
are paid more than higher-level employees because they have been with the company longer; others are given
extra time off without any explanation. employees who are not managers often direct other employees but
won't deal with conflicts because they say it isn't their job. some employees are clearly not motivated to do
what needs to be done to make m&j as successful as it could be. in your response:

Answers

M&J need to bring efficiency in the level of their employee management to be able to maintain formal office behavior.

How to make employee management efficient?

The management of workforce by way of standardization and classification of pay by class division is one of the ways to do efficient management.

There must be proper management regarding resolving the grievances of employees with respect to their salaries and modes and methods of payment.

Hence, the steps to improve the efficiency of employee management are aforementioned.

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can some one write message

Answers

Answer:

Message

Please give Brainliest

Message

Why do you want me to write this?

In a market economy, competition is a crucial requirement. what is one benefit to fostering competition in an economic system?
it gives consumers more choices in the quality and price for things they want to buy.
it causes higher prices, so businesses make a higher amount of profits.
it limits the freedom companies have to create new products.
it never requires any outside assistance from the government.

Answers

In a market economy, competition is an important responsibility. The benefit to fostering competition in an economic system is that it affords consumers more choices in the quality and price of belongings they want to purchase.

What is a market economy?

A market economy is defined as those economic systems where the price communications constituted by supply and demand force judgments about production, investment, savings and distribution to consumers.

In this system, all providers and consumers are open-ended by price regulations or contract freedom. Competition is an essential element of a that economy.

The advantage of increasing competition in an economic system is that it provides consumers with more options in terms of the quality and pricing of the goods they want to purchase.

Therefore, option A is correct.

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Answer:It gives consumers more choices in the quality and price for things they want to buy.

Explanation:

Your company makes Caffeine Cola, but the market for it disappears overnight when caffeine is discovered to be toxic. The next day, you begin producing Cholesterol Cola, a new product. You have experienced

Answers

If the next day, you begin producing Cholesterol Cola, a new product. You have experienced: Reactive change.

What is Reactive change?

Reactive change  occur when a company or an organization make changes in their product  so as to handle unexpected or unforeseen events or situation that occurred.

Based on the given scenario you have experienced reactive change because you implemented a new change to your product that was found toxic without delay.

Therefore you have experienced: Reactive change.

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The amount of unemployment that an economy normally experiences is called the Group of answer choices average rate of unemployment. cyclical rate of unemployment. natural rate of unemployment. typical rate of unemployment.

Answers

Answer:

Natural rate of unemployment

Explanation:

The amount of unemployment that an economy normally experiences is called the natural rate of unemployment

You see a white marker with an orange diamond and black lettering. what does this marker tell you?

Answers

Answer:

A white marker with an orange diamond and black lettering is a sign that warns boaters of possible dangers ahead, such as rapids, rocks, and dams.

The description you provided suggests a specific type of marker commonly used in various contexts, such as construction sites, roadways, or events.

The implication of the marker

Typically, markers like these are used for identification or communication purposes.

Markers can have different meanings depending on the context in which they are used. For example, in some situations, an orange diamond-shaped marker with black lettering may indicate a warning or cautionary sign, alerting people to potential hazards or dangers in the area.

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A company reports the following at year end: sales of $22,000; cost of goods sold $12,000; net income $6,000; average merchandise inventory $4,500. Inventory Turnover is calculated to be:

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As per the given reports at year-end, the cost of goods sold is $12,000 and the average merchandise inventory is $4,500. The inventory turnover is 2.67.

What is inventory turnover?

Inventory turnover refers to the measure of the number of times inventory is sold or used in a period.

The inventory turnover ratio is calculated by dividing the cost of goods sold and the average inventory. The inventory turnover is 2.67 (12,000/4,500).

Therefore, the inventory turnover ratio is 2.67.

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Pam has been a secretary for two years and is now debating whether to go back to school to earn a professional accounting degree. What should she consider?
The costs and benefits of earning the degree
O The benefits only as related to salary
O The degree tuition cost only
O The number of credits needed

Answers

Pam should consider the costs and benefits of earning the degree that will give the benefits in the near future, so Pam should go back to school to earn a professional accounting degree.

What is a professional degree?

A professional degree is determined as a degree that evaluates the precocious education and that education is planned to ready the students to work in a particular field.

In the given case, Pam should weigh the costs and benefits of pursuing a degree that will provide immediate rewards, and she should return to school to pursue a professional accounting degree.

Therefore, option A is correct.

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Before someone can move into a new home, a building inspector must see if the structure complies with building codes. If the home does, the municipality or county will issue a

Answers

If the home does, the municipality or county will issue a certificate of occupancy.

What is certificate of occupancy?

Certificate of occupancy can be defined as a  document that is often issued by the government so as to certified that building complies the government  building odes.


After the inspector  verified that the building complies with building codes this means that the house  is suitable for people to occupy and the owner of the building will be issued a certificate of occupancy.

Therefore If the home does, the municipality or county will issue a certificate of occupancy.

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A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same rate no matter how many children there are, or when the service is needed. Then they divide areas of town on a map between them, agreeing to only serve customers within their respective areas. Within weeks they have gained most of the business in town, driving out other teens that cannot lower their rates. The babysitting market in your town has become

Answers

The babysitting market in the town has become an oligopoly.

What is an Oligopoly?

An Oligopoly is an industry which is influenced by the firms.

In oligopoly, there are very few sellers and all are influenced by the behavior of the other sellers.

In this market, sellers deal in homogenous product.

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Answer: am oligopoly

Explanation: i got it right

Aslam wants to create multiple worksheet containing common formatting styles for his team members. which file extension helps him to save these worksheets? help aslam to create multiple worksheets with common styles. he needs to save them with the extension.

Answers

The file extension that can be used to save the worksheets is Templates because he needs to save them with the .xlts extension.

What is a Worksheet?

This refers to where information is stored and contains a database with data and parameters.

Hence, we can see that because Aslam wants to make multiple worksheets that have a common formatting style for his team members, he would need to use templates that save with the .xlts extension.

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What is the process for adding a text box on a slide?

Answers

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☁️ Question ☁️

What is the process for adding a text box on a slide?

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☁️ Answer ☁️

1. On the Home tab, under Insert, click Text.

2. On the pop-up menu, click Text Box.

3. On the slide, click the location where you want to add the text box.

4. Type or paste your text in the text box.

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Which of the following is a benefit of using storyboards? (select all that apply)
a. they do not use images
b. they help team members remember the sequence of a project's phases
c. they help with the planning stage
d. they usually do not take very much time to make
e. they help with the final draft stage
f. they can be a good way to communicate a project's stages​

answer: B, C, F

Answers

The storyboards help maintain the sequence of any stage of a project and develop a communication among the team members to implement the plan in a better way.

What are the uses of storyboards?

Storyboards are influential and immensely beneficial to an organization in the different stages of a project. Beginning from the planning stage, and establishes a coordination and communication among the team members.

Hence, options B, C and F hold true regarding the storyboards' benefits.

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What is a risk management strategy you could use to
protect your home?
Buying a home security system
Installing front porch cameras to monitor your
home
Purchasing reflective clothing to wear while biking
at night
A and B

Answers

While protecting a house, the risk management strategy that can be used by an individual is

to set up a security system the installation of cameras at the front door and porch of the house.

Options A and B is the correct answer.

What is risk management?

Risk management is a process where a person tries to mitigate the risks in every possible way.

The risk management strategy which can be utilized by an individual for protecting his/her house is to put a security system like handprint locks, alarms, etc. which will alert the individuals of the house if any criminal or thief tries to enter the house. Another way is to install the hidden cameras outside the house, especially at the entrance, which helped the individual to track the activities going outside the house.

Therefore, the individuals can protect their homes by installing the cameras on the front door and setting up a security system that could be used as a risk management strategy.

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In addition to creating a comfortable and welcoming banking environment, umpqua bank also strives to create a positive ____________ for its customers through its personal interactions with them, which keeps customers coming back.

Answers

Answer:

environment brainliest please

Explanation:

There has been a relative _____ in employment to produce agricultural products in the US. At the same time, the US is producing _____ agricultural goods

Answers

There has been decline in employment to produce agricultural products even though the US is producing more agricultural goods.

What is employment?

employment serves as the process of utilization of one skill so as to get paid in return.

In US, one of the department that brings money is agriculture which gives employment to more citizens.

Therefore, US are producing more agricultural products.

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Fast casual restaurants such as Chipotle are expanding because firms recognize that potential customers are predominantly young people. This scenario illustrates how _______ influence marketing decisions.

Answers

Fast casual restaurants such as Chipotle are expanding because firms recognize that potential customers are predominantly young people. This scenario illustrates how age influence marketing decisions.

What is marketing?

Marketing involves various processes put together for sales and distribution of a particular products.

It involves strategic planning also consideration of the target market.

Therefore, Fast casual restaurants such as Chipotle are expanding because firms recognize that potential customers are predominantly young people. This scenario illustrates how age influence marketing decisions.

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What are concerns of risk of Sovereignty? Include some examples. ​

Answers

The potential that a nation's government will default on its sovereign debt by failing to meet its interest or principal payments.
Ex. The government going in debt
(Bob is part on the government enforcement he invests in a company, the country decides to nationalize the business making the investment worthless, unless there is reasonable compensation made to the investors.)

Company culture is driven by the ability of employees to:.

Answers

Company culture is driven by the ability of employees to interrelate with each other.

What is company culture?

This is the way and manner at which individual in the company behave and interact with each other.

There is cross-cultural interaction to enhance progress in a given task.

Therefore, Company culture is driven by the ability of employees to interrelate with each other.

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A large three-car detached garage is constructed on a homesite at a cost of $65,000. The appraiser researches the market and finds that this garage only adds $30,000 in value to the property. Which valuation principle does this demonstrate?

Answers

"A large three-car detached garage is constructed on a homesite at a cost of $65,000. The appraiser researches the market and finds that this garage only adds $30,000 in value to the property."  The valuation principle does demonstrate is a contribution. This is further explained below.

What is contribution?

Generally, contribution is simply defined as the provision of something (as in money or effort) as a proportional share.

In conclusion, contribution is a major valuation principle.

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Which type of people should be chosen to form the project team?

Answers

Answer:

which tipe of team...............

Colorado Corporation was organized at the beginning of the year, with the investment of $250,000 in cash by its stockholders. The company immediately purchased an office building for $300,000, paying $210,000 in cash and signing a three-year promissory note for the balance. Colorado signed a five-year, $60,000 promissory note at a local bank during the year and received cash in the same amount. During its first year, Colorado collected $93,970 from its customers. It paid $65,600 for inventory, $20,400 in salaries and wages, and another $3,100 in taxes. Colorado paid $5,600 in cash dividends.
Required:
1. Prepare a statement of cash flows for the year.
2. What does this statement tell you that an income statement does not?

Answers

Based on the given figures for Colorado Corporation, the statement of cash flows for the year would be:

Cash flow for Operating Activities

Cash from customers                                                                  93,970  

Less:

Cash for inventory                                                65,600

Salaries and Wages                                             20,400

Taxes                                                                       3,100           ( 89,100)

Net Cash from Operating Activities                                            4,870  

Cash flow from Investing Activities

Purchase of office building                                                      (210,000)

Net cash used for Investing Activities                                     (210,000)

Cash flow from Financing Activities

Issuance of Common stock                                                     250,000

Note Payable                                                                              60,000

Dividend payment                                                                      (5,600)

Net cash from Financing Activities                                        304,400

Net increase in cash                                                                 99,270

Opening cash balance                                                                      0

Closing cash balance                                                                99,270

What does the statement of cash flows show?

It shows transactions that involve actual cash being spent or gained by the company.

This allows Colorado Corporation to know the actual amount of cash it has for operations.

An Income statement on the other hand, shows the transactions that a business gets involved in regardless of whether they involve actual cash or not. This means that it cannot show the actual amount of cash that a business has.

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the united states is considered to have a high standard of living because:

A. the most important sector's of its economy are agricultural

B. most of its citizens have access to necessities like food.

C. a large number of its citizens struggle to find good jobs.

D. its currency is no longer tied to precious metals like gold.​

Answers

Answer:

B. most of its citizens have access to necessities like food.

C. the "difference between growth and value shares involves a distinction based on book-to-market value. justify the low book-to-market ratios of growth shares versus high book-to-market ratios of value shares. (10 marks)

Answers

Answer:

Explanation:

C. the "difference between growth and value shares involves a distinction based on book-to-market value. justify the low book-to-market ratios of growth shares versus high book-to-market ratios of value shares. (10 marks)

Which of the following is a face to face meeting with a potential employer
to discuss a job opening?

job market
Job shadowing
Job interview
job description

Answers

Your answer would be a Job interview

Molly exchanges land (adjusted basis of $85,000; fair market value of $78,000) used in her business and common stock held for investment (adjusted basis of $10,000; fair market value of $15,000) for a single parcel of land (fair market value of $93,000) to be used in her business in a like-kind exchange. What is Molly's recognized gain or loss

Answers

If Molly exchanges land (adjusted basis of $85,000. Molly's recognized gain or loss is $5,000.

Recognized gain or loss

Business Common               Land Stock

Amount realized  $78,000        $15,000

Less Adjusted basis ($85,000) ($10,000)

Realized gain(loss) ($7,000)      $50000

Recognized gain(loss) $0           $5000

Therefore If Molly exchanges land (adjusted basis of $85,000. Molly's recognized gain or loss is $5,000.

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