Answer:
The Journal entry is as follows:
Interest expense A/c Dr. $100
To Interest payable A/c $100
(To record the interest expense for the first month)
Workings:
Amount borrowed = $10,000
Annual interest rate = 12%
Interest is due at the end of the year
Time period = 1 month
Therefore,
Interest expense = $10,000 × 0.12 × (1 ÷ 12)
= $100
Answer:
job specialization
Explanation:
An organizational chart is a graph showing an organization's hierarchy and its management structure. It demonstrates the chain of command from the most senior executives to the junior officers.
An organization chart shows all the departments in an organization and their working relationship. However, the chart does not give specific detail on each department's responsibilities or the role of an officer in a department. It does go into the details of specialization.
The statement that best describes the pathways of these four individuals is <span>ammy and Vania are in the Administration and Administrative Support pathway, Alcott is in the Teaching and Training pathway, and Stefan is in the Professional Support Services pathway. So the answer is letter c.</span><span />
Answer:
The correct answer is letter "A": operating activities.
Explanation:
Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.
When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.
Answer: The maximum depreciation deduction that can be claimed is $5,716.
We can interpret the last line of the question as" What is maximum possible depreciation deduction provided the to expense and bonus depreciation is not claimed?
Given this, it means that the asset can be depreciated at the rate given in the MARCS depreciation schedule as per the half year convention. Since the asset falls in the seven year recovery class, the depreciation rate from the 7 year MARCS table is 14.29%.
Hence the depreciation is .