A company has several aims (the most important being profit) and in order to achieve this vague goal, there have to be other milestones. The milestones are business objectives. In order for them to be helpful, they need to be concrete, coincise and preferably incremental. They can be categorized in different categories, depending on the nature of the goal. Some of the types can be sales goals (goals regarding amout of sales), profit goals (related to profit margin), market goals (regarding market share/entering new markets) and others like branding goals and environmental responsibility goals. These goals are often interrelated and might conflict; The most apt description for the goal referred to in the sentence is that it is a marketing goal.
Answer:
November 1, 2016
Dr Cash 120,000
Cr Notes Payable 120,000
December 31, 2016
Dr Interest Expense 2,000
Cr Interest Payable 2,000
February 1, 2017
Dr Notes Payable 120,000
Dr Interest Payable 2,000
Dr Interest Expense 1,000
Cr Cash 123,000
Explanation:
Dunlin Development Company Journal entries
November 1, 2016
Dr Cash 120,000
Cr Notes Payable 120,000
December 31, 2016
Dr Interest Expense 2,000
($120,000 ×10% ×2/12)
Cr Interest Payable 2,000
February 1, 2017
Dr Notes Payable 120,000
Dr Interest Payable 2,000
Dr Interest Expense 1,000
(120,000×10%×1/12)
Cr Cash 123,000
Answer:
Total Assets = Total Liabilities + Total Owner's Equity = $35,550
Explanation:
Note: See the attached excel file for the tabular analysis of the September transactions beginning with August 31 balances.
In the attached excel file, Evidence that Assets Equal Liabilities Plus Stockholders' Equity is prepared below the tabular analysis to show that the accounting equation holds as follows:
Total Assets = Total Liabilities + Total Owner's Equity = $35,550
In the attached excel file, the following calculations are performed:
1. Under Transaction 3: Accounts Payable ($) = $2,350 - $900 = $1,450
2. Under Transaction 4: Accounts Receivable = $7,900 - $2,550 = $5,350
Answer:
The , Television, ratio indicates whether a firm will be able to meet interest obligations due on outstanding debt.