Answer:
14.91 and 24.77%
Explanation:
The computation of the company interest coverage ratio is shown below:-
Interest coverage ratio = Earning before interest and tax ÷ Interest
= $161,000 ÷ $10,800
= 14.91
Operating profit margin = (Earning before interest and tax ÷ Revenue) × 100
= $161,000 ÷ $650,000 × 100
= 24.77%
Therefore we have applied the above formula and hence option is not available.
Answer:
The accrued interest on the note at December 31, 2019 is $206.25
Explanation:
Fashion Jewelers accepted a 5-month, 11% note for $7,500.
The amount of interest for 1 year = 11% x $7,500 = $825
The amount of interest for 1 month = $825/12 = $68.75
From October 1, 2019 to December 31, 2019, Fashion Jewelers has accepted the note for 3 months.
The accrued interest on the note at December 31, 2019 = $68.75 x 3 = $206.25
Answer and Explanation:
The journal entries are shown below:
1. On Sep 30
Cash $15750
To Sales $15,000
To Sales taxes payable ($15000 ×5%) $750
(Being the cash receipts is recorded)
For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities
2 On Sep 30
Cost of goods sold $12,000
To Merchandise inventory $12,000
(Being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets
3 On Oct 15
Sales taxes payable $750
To Cash $750
(Being cash paid is recorded)
For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets
Answer:
high; low.
Explanation:
A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.
CALM is a 4-step process for addressing and defusing conflict.
These four step process for conflict resolution or defusing conflicts includes;
I. Clarify (C): this involves finding out more information about what caused the conflict.
II. Ask (A): you should ask the opposing party about the issues while being polite.
III. Listen (L): listen attentively to get more information.
IV. Move forward (M): do not dwell on the past issue after they have been resolved.
Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.
Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies. Thus, a neutral third party such as a mediator or negotiator from outside an organization or group, who will hear a conflict case via a nonbinding process should be availed the opportunity to make peace between two or more disagreeing parties.
Generally, the disputants (disagreeing parties) generally have a low personal control over an arbitration and litigation while during an informal peacemaking and mediation process, there is a high level of personal control by disputants on the continuum.
