On december 1, milton company borrowed $310,000, at 9% annual interest, from the tennessee national bank. interest is paid when the loan matures one year from the issue date. what is the adjusting entry for accruing interest that milton would need to make on december 31, the calendar year-end? debit interest payable, $2, 325; credit interest expense, $2, 325 debit interest expense, $2.325; credit interest payable, $2, 325. debit interest expense, $2.325; credit cash, $2.325. debit interest expense, $4, 650; credit interest payable, $4, 650. debit interest expense, $27900: credit interest payable, $27900.

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

What talents or skills do u admire most in others

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.