On March 1, 2016, Steger Corporation invested in a $60,000 note receivable with a 1-year term and a 9% annual interest rate. Which of the following is the correct adjusting journal entry to record the recognition of interest revenue on the note receivable at December 31, 2016?

(A) Debit Credit
Interest Receivable 4,500
Interest Revenue 4,500

(B) Debit Credit
Cash 5,400
Interest Revenue 5,400

(C) Debit Credit
Notes Receivable 4,500
Interest Revenue 4,500

(D) Debit Credit
Interest Receivable 5,400
Interest Revenue 5,400

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.

Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.