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4 years ago

What plan of action will you do to address your development area??

1 answer:

3 0

The plan of action is to ensure that the address of an area is correct and keep focusing and looking on it. Action planning is a process which will help one to focus on ideas and decide on what steps needs to be taken to achieve particular goals or objectives that one may have. Preparing an action plan is a good way to help one reach their objectives in life.

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Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does

maria [59]

Answer:

November 1

Loaned $18,600 cash to Manny Lopez on a 12-month, 10% note.

Dr Notes receivable 18,600
Cr Cash 18,600

December 11

Sold goods to Ralph Kremer, Inc., receiving a $47,250, 90-day, 8% note.

Dr Notes receivable 47,250
Cr Sales revenue 47,250

December 16

Received a $58,200, 180 day, 9% note in exchange for Joe Fernetti’s outstanding accounts receivable.

Dr Notes receivable 58,200
Cr Accounts receivable 58,200

December 31

Accrued interest revenue on all notes receivable.

Dr Interest receivable 728.25
Cr Interest revenue 728.25

How to calculate interest:

Lopez: $18,600 x 10% x 2/12 = $300

Kremer: $47,250 x 8% x 20/360 = $210 (using a 360-day year; 20 days)

Fernetti: $58,200 x 9% x 15/360 = $218.25 (using a 360-day year; 15 days)

Total $728.25

4 0

3 years ago

The American Eagle chain of retail stores has a reputation as one of the "coolest" brands according to Teen Research Unlimited.

katovenus [111]

Answer:

(a) Men and women aged 16 to 22

Explanation:

The teens nitch is defined from 13 to 19 years old, therefore the youngster in the age from 16 to 22 is the optimal market for American Eagle.

3 0

4 years ago

Garth Company sold goods on account to Kyle Enterprises with terms of 2/10, n/30. The goods had a cost of $600 and a selling pri

Sati [7]

This are the record of both the sale on the books of Garth Company and the purchase on the books of Kyle Enterprises

Journal entry on Gerth Company Books

Dr Account receivable 1,100

Cr Sales 1,100

Cr Cost of goods sold 600

Cr Inventory 600

Journal entry on Kyle’s books:

Dr Inventory 1,100

Cr Account payable 1,100

6 0

4 years ago

Top’s Hats Inc. uses a CRM system to integrate information on customers across its finance, sales, logistics and marketing depar

LuckyWell [14K]

Answer:

Data consolidation.

Explanation:

Data consolidation involves the gathering, collection and storage of data in a single place.

Data consolidation helps an organisation in the reduction of costs because the business will have no need for purchasing different hardwares such as routers and servers.

Data consolidation helps to improve the security system of the organisation by protecting it from various forms of cyberattacks.

3 0

3 years ago

Ginny is considering an investment costing $55,000 that has cash flows of $35,000 in Year 2, $36,000 in Year 3, and −$5,000 in Y

denis-greek [22]

Answer:

Cumulative cash flows in year 0 = -$55,000

Cumulative cash flows in year 1 = -$55,000

Cumulative cash flows in year 2 = -$55,000 + $35,000 = -$20,000

Cumulative cash flows in year 3 = -$55,000 + 35,000 + $36,000 = $16,000

So, Payback period of three years =2+20000/36000 = 2.5555556 years

Now, as the payback period is less than three years, we should make the investment

However, I do not agree with the decision as payback method does not consider time value of money and ignores all cash flows beyond payback period and hence in this case it is ignoring cash flows in year 4 which is an outflow

NPV=-55000+0/1.08^1+35000/1.08^2+36000/1.08^3-5000/1.08^4=-90.3298767 As NPV is negative, let do not make the investment.

7 0

3 years ago