Answer:
Date Account Title Debit Credit
Dec 11, 2018 Interest receivable $20,600
Interest revenue $20,600
Explanation:
The interest receivable on December 31, 2018 would be based on the lease amount at the end of the year which will be the present value of the lease less the lease amount paid for the year:
Lease amount = 240,000 - 34,000
= $206,000
Interest receivable = 206,000 * 10%
= $20,600
Answer:
An intrapreneur
Explanation:
An intrapreneur is an employee who is granted the permission to make a new commodity without having to be worried if the product will actually become a source of profit for the company. Unlike an entrepreneur, who encounters personal risk when a product fails to yield profit , an intrepreneur will continue to receive a salary even if the product does not make it to production.
However, an intrapreneur has full access to the resources and capabilities of the organisation.
Complete Question is as under:
JJ Manufacturing builds and sells switch harnesses for glove boxes. The sales price and variable cost for each follow:
PRODUCTS Selling Price Per Unit Variable Cost Per Unit
TRUNK SWITCH $60 $28
GAS DOOR SWITCH $75 $33
GLOVE BOX LIGHT $40 $22
Their sales mix is reflected in the ratio 4:4:1. If annual fixed costs shared by the three products are 18,840.
Requirement 1: How many units of each product will need to be sold in order for JJ to break even?
Requirement 2: Use the information from the previous exercises involving JJ Manufacturing to determine their break-even point in sales dollars.
Kindly Find the Solution in the attachment.
Answer: True
Explanation:
The statement that "Setting and achieving goals is essential to success" is true.
When we set goals, it gives us a motivation for the short term and also a long term vision. Setting goals doesn't allow us to deviate from whatever we want to achieve. Our time and resources are dedicated towards achieving that set goal.
