Answer:
<em>Computation of the interest expense using the equation as shown below:
</em>
Interest expense for year 1 = Notes payable * Interest rate
= $100,000 * 10%
= $7,000
Notes payable reduction in Year 1 = $14,238 - $7,000
= $7,238
General journal entry
Item Debit Credit
<em>Notes payable $7,745</em>
Interest expense $6,493
Cash $14,238
Workings
Interest expense = ($100,000 - $7,238) * 7%
= $92,762 * 7%
=$6,493
Bc all the x’s are all different #
Answer:
<u>Senior management, middle management, and operational management.</u>
Explanation:
Senior management: The highest level of management present in a company. It is made up of a team of people with high power in the decision-making process and responsibilities that include the creation and implementation of a strategy that contributes to organizational success.
Middle management: Corresponds to the intermediate level of management of an organization, corresponds to a semi-executive position because it has direct influence on the culture of the organization and are able to answer for the organization, line managers, employees and customers. They are hierarchically subordinate to executive management and responsible for "expert" or "team leader" line managers.
Operational management: It is the organizational area whose main objectives are the planning, organization and supervision of production, manufacturing and service provision. Responsibilities are to ensure efficient operations and resource utilization so that customer requirements are met.
The Securities and Exchange Commission could fine Bob.
Option D.
<u>Explanation:
</u>
The U.S. Securities and Exchange Commission (SEC) have been established as a self-governing federal government entity that protects investors, maintains the securities markets running equally and normally and promotes capital formation. The first federal control board on securities markets were set up by Congress in 1934.
The SEC will only initiate civil proceedings against violations of law, but deals on criminal proceedings with the Justice Department. The SEC recovered approximately Four billion dollars in fines and other damage following its investigation after the Great depression.
Answer:The capital cost is $1 million
Explanation: This is one time expenses on production if goods and services , purchase of land and construction. It is the total cost required to bring a business to a commercially operable status.