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dalvyx [7]
3 years ago
7

In recording business transactions, evidence that an accounting transaction has taken place is obtained from

Business
1 answer:
hram777 [196]3 years ago
6 0

In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.

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Crane Company borrowed $750000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note requi
Daniel [21]

Answer:

The interest expense of $59,463  must be recognize on its 2020 income statement.

Explanation:

With the given data make an amortization schedule

Hint : First determine the Future Value of the  5-year note

PV = $750,000

N = 5

Pmt = - $195,327

P/yr = 1

i = 9.5%

Fv = 0

<em>Input the elements in a Financial Calculator.</em>

2019

interest expense = $71,250

2020

interest expense = $59,463

Conclusion :

The interest expense of $59,463  must be recognize on its 2020 income statement.

7 0
3 years ago
Weight-Gone offers a guaranteed weight loss of 8 pounds in one week without dieting or exercise. Thousands of customers purchase
kupik [55]

Answer:

Arrange for discussions with the customers including the possibility for full refund

Explanation:

Weight-Gone has failed in its promise of 8 pounds weight loss,hence a saving-grace approach would be to have cordial talks with the affected customers in order to establish their plight which will serve as a feedback for the quality team and the product design department in redesigning the product to make it fit for purpose.

Full refunds should also be arranged in order to show the company as been a responsible and trusted corporate citizen.

8 0
3 years ago
Which of the following likely has the highest degree?
sergey [27]

I would say a biomedical researcher because they need a PhD and that's one of the highest degrees you can get

8 0
4 years ago
Suppose that the government imposes a​ $2 a cup tax on coffee. The rise in the price of a Starbucks coffee will be​ ______, coff
Scrat [10]

Answer:

increase, decrease

Explanation:

In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.

5 0
3 years ago
Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country man
rjkz [21]

Answer:

False

Explanation:

When a company carries on a global strategy , their headquarters will seek to keep substantial control over foreign subsidiaries in an attempt to maximize efficiency and integration, while reducing redundant work or resource spending.

A multidomestic strategy is the one that delegates considerable autonomy to each country manager.

5 0
3 years ago
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