On september 1, kennedy company loaned $128,000, at 12% annual interest, to a customer. interest and principal will be collected when the loan matures one year from the issue date. assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that kennedy would need to make on december 31, the calendar year-end?

a. debit interest receivable, $15,360; credit cash, $15,360
b. debit interest expense, $15,360; credit interest payable, $15,360
c. debit interest receivable, 5,120; credit interest revenue, $5,120.
d. debit interest expense, $5,120; credit interest payable, $5,120
e. debit cash, $5,120; credit interest revenue, $5,120.

Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.