In this case, the right choice would be option a. His move might boost profits should it draw in a more desirable labor force for openings at his restaurant. The restaurant continually faces an overflow of workers attracted by the competitive wages offered by management. Increasing the wage further may bring in a new group of skilled and experienced employees, enhancing productivity and performance. Assuming that all other factors remain constant, including operational expenses, better performance following this labor enhancement could lead to increased revenue and profitability.
$315,000 is required to settle the note payable. Upon signing the note, the accounting records would show: Cash of $300,000 recorded as a debit and Note Payable of $300,000 recorded as a credit. The interest accumulating over the note receivable during this period amounts to: Interest Expense $15,000 (debit) and Note Payable $15,000 (credit), calculated as: Interest Expense = $300,000 × 5% = $15,000. Therefore, on June 1, 2019, the total due including the Note Payable and Interest would be recorded as: Note Payable $315,000 (debit) and Cash $315,000 (credit).
Answer:
Below are detailed factors she might want to take into account when selecting a certificate of deposit.
Explanation:
A larger principal amount is likely to yield a higher interest rate.
Generally, a longer duration will result in a better interest rate, unless there’s an altered yield curve situation.
Smaller companies tend to provide better interest rates than larger firms.
Personal CD accounts typically offer higher interest rates compared to those available for business accounts.
