Answer:
Dec. 1
Note Receivable : E. Kinder $16,000 (debit)
Cash $16,000 (credit)
Dec. 16
Note Receivable : J. Jones $4,800 (debit)
Sales $4,800 (credit)
Dec. 31
Note Receivable : E. Kinder $80 (debit)
Note Receivable : J. Jones $168 (debit)
Interest Income $248 (credit)
Explanation:
Interest accruing on E. Kinder`s Note Receivable = $16,000 × 6 % × 1/12 = $80.
Interest accruing on J. Jones`s Note Receivable = $4,800 × 7 % × 30/60= $168.
Answer:
sales era
Explanation:
The sales era (1920s - 1950s) was a time where manufacturers started to emphasize on effective sales forces and effective sales techniques because of increasing competition and increasing output levels. The goal of sales management was to find enough consumers for the company's total output.
Answer:
8.6 billion
Explanation:
The best way to solve this exercise is to understand the theoretical relationships that exist between the concepts.
Let us start with the most important one: The marginal propensity to consume, defined as that proportion of the increase in income that the consumer allocates to the consumption of goods and services, rather than saving it. Mathematically, it is described as the change in consumption divided by the change in income.
A higher marginal propensity to consume means that there is more spending in the economy, which in turn increases the GDP. Therefore, in order to understand changes in GDP we must to apply the understand the marginal propensity to consume.
However, this concept alone does not tell us how much GDP will increase, for this we must resort to the concept of multiplier effect, which is defined as:
According to the statement the MPC = 0.65, therefore the multiplier is:
Consider the multiplier as the lever that drives economic growth. We already know the capacity of that lever (2.8571), now to know exactly how much GDP will change thanks to its actions, what we do is multiply it by the increase in aggregate expenditures (3 billion).
Therefore:
Answer:
Option 2, laying off some workforce will have the lowest initial cost.
Explanation:
In option 1 if an organization is going to replace existing equipment with the new machines there is a definitely high cost involved in it because we do know that modern and newer machines costs more.
In option 3, if we go for lower-grade quality, we may face lost sales, or sales return which will add up to our cost.
However, if we go for option 2. there is no upfront cost involved in this decision but rather our cost is saved.
Thus the organization must opt for the 2nd option in order to find the lowest initial cost.
Answer:
The answer is c. $2,621,802
Explanation:
Please find the below for detailed explanations and calculations:
As given in the question, the total revenue will be projected to grow at 3% annually from the year of 2017 to the year 2022.
Thus, with the total 2017 revenue is given at $2,471,300, we can calculate the projected total revenue of 2019 as followed:
Projected total revenue in 2018 = Total 2017 revenue x ( 1 + projected growth rate ) = $2,471,300 x ( 1+ 0.03) = $2,545,439;
Projected total revenue in 2019 = Total 2018 revenue x ( 1 + projected growth rate ) = $2,545,439 x ( 1+ 0.03) = $2,621,802.17
Thus the answer is c. $2,621,802 ( rounded to 0 decimal places).