On October 1, 2020 the company entered into a one-year-10%- interest rate loan agreement. The amount of the loan is $ 120,000 (hundred and twenty thousand). The principle and the interest are to be repaid at the end of the one year period. Question: A)The amount of the adjusting journal entry on December 31, 2020? B)Effect of this adjusting entry on the financial statements? (example: Assets will increase by $ 5,000 and liabilities decrease by $ 4,000 etc.)

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: