On september 1, knack company signed a $50,000, 90-day, 5% note payable with central savings bank. what is the journal entry that should be recorded by knack upon maturity of the note? (use 360 days a year.)

Answers

Answer 1
The Journal entry upon the 90 days (1/4 using 360 days a year) maturity at 5% rate should be $50,000 plus the Interest (I). Let Journal Entry upon Maturity be J Where J = Initial Signed Note + Initial Signed Note * Rate * Time Which is also written as J = Initial signed Note (1 + Rate * Time) Therefore J = 50,000 (1+5/100*1/4) = 50,625

Related Questions

When the hawk is the third order consumer the number of second order consumers is?

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An ecosystem is where there are various species and their interactions to the physical environment in which they live as well as to each other makes the ecosystem. In an ecosystem there are three orders of consumers which are:
First order consumer (They depend on the food producers i.e. those who produce their own food like plants etc. first order can be understood by the examples of mouse, caterpillar etc.).
Second order consumer (These depend and eat the first order consumer. The example for second order is snake etc.)
Third order consumer (Those dependent on second order like hawk etc.)

Final answer:

A hawk is a tertiary consumer and feeds on secondary consumers, which are the third trophic level in an ecosystem. The number of second order consumers depends on the ecosystem's structure and population sizes.

Explanation:

The question regarding the role of a hawk as a third order consumer relates to the concept of trophic levels within an ecosystem. In the given context, a hawk is classified as a tertiary consumer, which occupies the 4th trophic level in a food web. Below the tertiary consumers are secondary consumers, which represent the 3rd trophic level. Secondary consumers are organisms that predates on primary consumers. For example, if a hawk (tertiary consumer) preys on small birds or rodents, these small birds or rodents (secondary consumers) would predate on insects or other smaller animals (primary consumers), who in turn consume plants (producers) at the base of the food web.

In essence, the number of second order consumers in a food web depends on the specific ecosystem and its structure, as well as the population size of various organisms within it. Thus, when a hawk is considered a third order consumer, it feeds on secondary consumers, which are integral for maintaining the balance of the ecosystem by controlling the population of primary consumers and facilitating nutrient cycling.

Please select the word from the list that best fits the definition


Smoking contributes to air pollution.
a. Too narrow
b. Too broad
c. Just right

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b. Too broad

While this maybe true. It's way too broad of a statement to conclude.

I believe the answer is: B. Too broad

As a general rule, a definition is considered as 'too broad' if the definition contain things that are not referents of the concept or does not necessarily explain why it's correlated with the concept. In the statement above, the writer of that statement did not include how or in what way smoking contributes to the air pollution.

"if gary is a binge drinker, it means that he can have at least ________ drinks in a row."

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If he is a binge drinker he likely has at least 3 or more drinks in one setring or period of time. He will also typically drink like this multiple times in the same week.

If Sam invested $3000and he earned $300 over 6 months, the principal is

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THE PRINCIPAL IS THE  $3000 WHICH SAM INVESTED.
In accounting, the principal refers to the amount of money which the investor used to do a particular business over a specific period of time. The profit made during this period is called return on investment [ROI]. In the question given above, $300 is the return on investment. 
In the case of borrowing, the principal refers to the total amount of money that is borrowed for a period of time. The money will have to be repaid with an interest on it.

The direct exchange of goods and services for other goods and services is known as

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It is known as Barter

Final answer:

Bartering is the direct exchange of goods and services without money, which was used in ancient economies and required a double coincidence of wants. Today's economies mainly use money to facilitate trade, including international trade.

Explanation:

The direct exchange of goods and services for other goods and services without the utility of money is known as bartering. This ancient form of trade was necessary before the invention of money and relied on a double coincidence of wants, meaning both parties had to have what the other wanted at the same time. In modern capitalist societies, the inefficiencies of bartering are mitigated by the creation and use of money, which has taken many forms, including cowry shells, precious metals, and today's currency. Contemporary economies, though they still recognize bartering in small degrees, primarily rely on monetary transactions for domestic and international trade.

Natalia is a new employee in the sales department. her early results are so tremendous that the regional sales manager sent an email to the sales department praising natalia's work. to natalia, this could be a(n) ________ motivator.

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This is an extrinsic motivator. Extrinsic motivators are motivators that come in the form of external factors such as money, praise, recognition, position and the like. In this situation, Natalia did a really good job so her boss is going to praise her in order to motivate her and make her feel good. The praise is the extrinsic motivator. 


Final answer:

In Natalia's case, the regional sales manager's praise is a positive reinforcement motivator, encouraging her to continue her excellent work performance. This type of motivation encourages the repetition of positive behavior.

Explanation:

In the context of a work environment, the praise received by Natalia from the regional sales manager would likely serve as a positive reinforcement motivator. This type of motivator is based on the premise that rewarding a behavior increases the likelihood of that behavior being repeated. In this case, the exemplary performance of Natalia yielded a positive response from her superior that she perceived as rewarding. This reinforces her good performance behavior and is likely to stimulate her to maintain or even improve her performance in the future. Positive reinforcements are powerful tools in both personal and professional environments as they foster motivation and hence boost productivity and morale.

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The intent of federal price regulation is to discourage excessive competition. select one:
a. True
b. False

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Answer: FALSE.

Price control is regulated by the government of any country that puts restriction on the price of goods in the market. The intend of the federal price regulation is to provide uniform policies and to protect the rights of every consumer or customer.

A fundamentally functional organization creates a special project team to handle a critical project. this team has many of the characteristics of a project team in a project organization and has a project manager dedicated to the project. such an organization would be called:

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Such an organization would be called the syndicate.

Such an organization would be called a syndicate.  As A fundamentally functional organization creates a special project team to handle a critical project.

What is functional organization?

According to specific functions, the entire organization is divided into smaller groups or departments in a functional organizational structure. Therefore, a finance department, an IT department, a marketing department, etc. would all be present in such a setup.

A typical sort of business structure is a functional organizational structure, which divides a corporation into various departments according to areas of competence and groups personnel according to specialization, skill, or related functions.

Departments that specialize concentrate on a single field of work. Specialization among employees increases productivity since skilled workers produce more.

Thus, it is syndicated.

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Which organization requires a 90 day supply of oil (links to an external site.)links to an external site. (known as the strategic petroleum reserve or spr) be maintained for membership? (the acronym — three letter answer expected, all caps)?

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The organization that requires a 90-day supply of oil is the International Energy Agency (IEA). Each country in the organization must stock an amount of petroleum equivalent to this amount because of the organization's obligations.

The goal of the experimental research strategy is to establish the existence of

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The main objective of doing an Experimental research strategy is to create an existence of a cause and effect association between two variables, which may interact with each other. It is also probable for two variables to be linked to each other, but the relationship is simply totally unplanned. 

The process of choosing among different strategies and altering them to best fit the organization is called

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Strategy formulation
Hope this helps! :)

Southwest airlines uses an overall cost leadership strategy. this could fail if it:

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There are many instances in which the cost leadership strategy could fail with regard to marketing. For one, it could fail if the quality of the airlines suffers because it lowers its cost of operation to give lower fares. Another situation where it could fail would be if it engages in a direct price war with its other competitors wherein Southwest airlines would really have to scrimp their margin down just to compete. Lastly, having too low of a price may cheapen the airlines, depending on what kind of image they would want to project to the market. 


Final answer:

Southwest Airlines' overall cost leadership strategy could face challenges from dramatic changes in market conditions, such as fuel price increases, changes in consumer preferences towards service quality, or technological shifts in how services are booked and compared.

Explanation:

Southwest Airlines utilizes an overall cost leadership strategy. This strategy could fail if the market conditions change drastically, such as dramatic increases in fuel prices, or if consumer preferences shift towards valuing amenities over cost savings. For instance, the aggressive price-cutting to eliminate competition, as seen when a large airline slashes prices to outcompete a new entrant, could lead to temporary market dominance but risks long-term profitability. Moreover, the reliance on competing based on cost can backfire if costs uncontrollably rise or if consumers begin to prefer service quality and are willing to pay more for it. Therefore, while Southwest Airlines has experienced growth and success, any shifts in the external environment such as fuel price spikes, changes in consumer booking habits via the Internet, or a move towards valuing added services could challenge its cost leadership approach.

Knowledgeable entrepreneurs are attracted to unfamiliar industries where they can raise capital based on their skills.

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The statement can be categorized as "False".

Knowledge entrepreneurship is not the same as 'conventional' financial enterprise in that it doesn't go for the acknowledgment of money related benefit, but concentrates on circumstances with the objective to enhance the production and all through of knowledge, instead of boosting monetary benefit.

Nada designs a study in which she has two control and two experimental groups. in the design, one control group and one experimental group receive a pretest each, while the other control group and experimental group do not. nada's design is an example of a _____ design.

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This is an example of a multiple-group experimental design. In this formation, there is more than one group that receives both the control variable and the measured variable, and the researcher is looking for whether the experimental variable actually has an effect on the group studied (and if so, to what level).

Garvin's ________ definition of quality states that if the customer is satisfied, the product has good quality.

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Garvin's USER BASED definition of quality states that if the customer is satisfied, the product has good quality.
David Garvin is an Havard professor who wrote a book titled 'Managing quality'. In his book, Garvin summarized five major approaches to defining quality. The approaches are: product based view, user based view, transcendental view of quality, manufacturing based view and value based view.
Final answer:

Garvin's customer-based definition of quality states that if the customer is satisfied, the product has good quality.

Explanation:

Garvin's customer-based definition of quality states that if the customer is satisfied, the product has good quality. This definition emphasizes the importance of meeting customer expectations and preferences as a measure of quality. For example, if a customer purchases a smartphone and they are satisfied with its performance, features, and durability, then according to Garvin's definition, it can be considered as a product of good quality.

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How can choosing a great location in a popular part of town actually be a disavantage for a business

A. There will be a steady stream of customers.
B. The rent may be considerably higher.
C. There will be little competition.
D. Similiar businesses might also appear in the area.

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The rent will be considerably higher makes since to me because it's in the popular part of town the property value would be higher than if you were in the ad part of town.
Similar businesses might also appear in the area.

One form ofâ __________ is when movie theaters charge one price for adults and a different price for senior citizens.

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Differential pricing. Also known as discriminatory pricing or multiple pricing, it is a method of charging distinct prices for different customer segments for the same product and for the same quantity. Companies make use of differential pricing methods in order to increase profitability of an organisation.

Discuss the different ways in which a firm can deal with temporary employee surpluses.

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The different ways in which a firm can deal with temporary employee surpluses are;
Temporary layoffs
Sabbaticals
Unpaid vacations
Across the board cuts in salary
Working hours can be reduced
To expand the areas of business, workers can be relocated.

What is the main reason for a conglomerate to want diversification?

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A conglomerate wants diversification because when the market for one of their products is weak (as market winds change), they can rely on the strength of other parts of their business to drive profit margins until market winds change and the other product starts improving. They can also use the funds from strong areas of business to help drive innovation in their weak businesses, and hopefully turn things around.

Do you think scientific management made business more successful

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Scientific management has evidently made business operations and efficiencies far more successful in their strategies and processes, due to the ability to quantify specific data sets and analyze this information to understand how best to implement a more effective and growing strategy.

Where did martha stewart work before she came an entrepreneur?

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Martha Stewart is a Lifestyle guru and businesswoman. She was born Martha Kostyra, on August 3, 1941, in New Jersey. 
Martha Stewart started her work as a model at the age of 13, she used to appear in fashion shows as well as television and print advertisements. She also started a catering business in the late 1970s. Soon she was known for her gourmet menus and unique, creative presentation.
Final answer:

Martha Stewart worked as a stockbroker on Wall Street before creating her entrepreneurial empire in lifestyle guidance and home decor.

Explanation:

Before Martha Stewart became a renowned entrepreneur, she had a career on Wall Street where she worked as a stockbroker. Her experience in the business world provided a solid foundation for her subsequent ventures in publishing, merchandising, and broadcasting. Stewart's flair for creativity and her business acumen have been vital to her success, making her a household name and a prominent figure in the realm of lifestyle guidance and home decor.

A valid contract does not exist if the contract is a promise of/to:

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The three essential characteristics of any valid consideration are:
Legality, adequacy, and the possibility of performance

Based on this:
A valid contract does not exist if the contract is a promise of/to: perform any illegal act

How can you make yourself "visible" when telecommuting?

Answers

-Effective Remote Performance

-Company culture and customs

-Visibility with boss and co-workers.

-Call your Boss everyday

-Talk with Co-Workers everyday

Your company has total wages of $321,000. Your revenue is $976,000. You have just read an industry journal that suggests that wages should be approximately 25% of revenue in your industry. According to the journal article, are your wages too high or low?

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Final answer:

The wages are too high.

Explanation:

To determine if the wages are too high or low, we need to compare the actual wages to the suggested wage percentage. The suggested wage percentage is 25% of revenue. To find 25% of the revenue, we multiply the revenue by 0.25: 25% of $976,000 = $244,000

Now we can compare the suggested wage amount to the actual total wages. If the actual total wages are higher than $244,000, then the wages are too high. If the actual total wages are lower than $244,000, then the wages are too low.

In this case, the actual total wages are $321,000, which is higher than $244,000. Therefore, the wages are too high.

The list of individuals qualified to serve on a jury is referred to as the

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qualified wheel i believe
Qualified Wheel is your answer. It worked for my on my quiz. Hopefully it works for you too!

The doritos' customer-created super bowl commercials are an example of _________.

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Ans : The doritos' customer-created super bowl commercials are an examole of : Crowdsourcing Crowdsourcing is the process of getting work or funding, usually online, from a crowd of people. The word is a combination of the words 'crowd' and 'outsourcing'. The idea is to take work and outsource it to a crowd of workers. Crowdsourcing was coined in 2005 as a portmanteau of crowd and outsourcing.

Answer:advertisement for Doritos

Explanation:

What is the relationship between time management and critical thinking?

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Time management is important in daily activities. People who manage their time well, succeed in life. Time management and critical thinking are linked to each other. Critical thinkers manage their time according to the situation. A critical thinker will use his thinking ability to judge and understand the situation and manage the time.

The global economy can have specialized production because of what?

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the answer to this question is the international division of labor
the international division of labor refers to the system that divide people into several groups that handle only specific task according to their expertise.
This division allow organizations to handles broader aspects of their operation which eventually lead to better wuality of products

A code of ethics: a should be kept confidential from a firm's employees. b should be limited to a list of dos and don'ts. c should include operations schedule of day-to-day activities. d should be in written form to avoid confusion.

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The correct answer is (d) should be in written form to avoid confusion. A code of ethics that is simply verbal can lead to a lot of confusion as employees will not actually know it entirely. Being in written form allows everyone in the company to refer to it and follow it.

Which of the following are aspects covered by HR management?
Recruitment of potential employees
Investing funds
Compensation and benefits
Employee and labor relations

Answers

Recruiting of potential employees, Pay and benefits, and Employer and Labor Relations are all managed by HR management.

What is HR management?

In order to efficiently manage people in a company or organisation and give it a competitive advantage, it is known as human resource management (HRM or HR). In support of a company's strategic goals, it is made to maximise staff performance.

In order to effectively manage people inside firms, human resource management focuses on policies and systems.The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas.

The balance of organisational practises with obligations resulting from collective bargaining and governmental laws is another area of interest for HR, as is organisational change and labour relations.

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Final answer:

HR management encompasses recruitment, compensation and benefits, and employee and labor relations, among other functions. It involves attracting candidates, managing pay and benefits, and maintaining employer-employee relationships.

Explanation:

Aspects covered by Human Resources (HR) management include various functions essential to the management of an organization's human capital. Recruitment of potential employees is the process of attracting, examining, and selecting qualified candidates. This includes posting job openings, reviewing resumes, conducting interviews, and hiring new staff. Compensation and benefits refers to the design and management of payment structures and benefits packages offered to employees, which can include salaries, health insurance, retirement plans, and other perks. Lastly, Employee and labor relations involves maintaining healthy relationships between the employer and the workforce, which encompasses negotiating collective bargaining agreements, addressing grievances, and ensuring compliance with labor laws. Not listed but equally important in HR management are areas like training and development, performance assessment, and adherence to Equal Opportunity Programs.

Other Questions
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