Answer:
The answer is:
- Dr Interest receivable 303
- Cr Interest revenue 303
Explanation:
The total interest Sheffield Company will charge during the four months is $1,212, equivalent to $303 per month. Since only one month has passed since the debt was made, Sheffield should record revenue for one month interest:
- Dr Interest receivable 303
- Cr Interest revenue 303
Answer:
In groups
Explanation:
Brainstorming is a problem-solving technique where members of a group are encouraged to contribute ideas that could solve the problem at hand. There are right or wrong proposals. Every suggestion is discussed extensively.
Brainstorming allows for deliberations on diverse possible solutions to a problem. The idea that is acceptable by all members is considered the group's decision.
Answer:
$38,000
Explanation:
Before distributing dividends to common stockholders, Encore must first deal with the preferred stockholders.
preferred stock annual payment = 3,000 shares x 7% x $100 = $21,000
Since the company owes one year's payment to preferred stockholders, it must pay them two years now = $21,000 x 2 = $42,000
So Encore will have $38,000 (= $80,000 - $42,000) left to distribute to commons stockholders.
Answer:
She failed to properly assess her risk of storm damage.
Explanation: Edge 2021
Answer:
Missing word <em>"Use the high-low method to determine operating cost equation y=$_____, x + $ = ____"
</em>
<em />
Cost on (800*90%)=720 units is 220,040
Cost on (800*80%) = 640 Units is 215,480
Variable cost per unit = Changes in total cost/High activity-low activity = 4560 / 80 = $57 per unit
Fixed cost = Total cost - Variable cost = 220,040 - (720*$57) = 220,040 - 41,040 = $179000
<u>Cost equation: </u>
Total cost = Fixed cost + Variable cost per unit
Y = 179000 + 57X
Y = 179000 + (57*440)
Y = $204,080
