Answer:
Debit Petty Cash $250; credit Cash $250
Explanation:
Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:
Debit Petty Cash $250
Credit Cash $250
From the production plan, the budget for January is $12800, February, $16250, March $17175, April $20875, May $16900, and June $16900.
Production planning simply means the act of designing a guide for the production of a particular good or service.
It should be noted that production planning is important to ensure that all necessary preparation is completed before the start of a production cycle.
Learn more about production on:
brainly.com/question/4139284
Answer:
(a) 62%
(b) 3.83 times
(c) Yes
Explanation:
(a) Ellie's debt ratio:
= Total Debt ÷ Total assets
= $39 million ÷ $63 million
= 0.62 or 62%
(b) Ellie's times interest earned ratio:
= Interest ÷ EBIT
= $23 million ÷ $6 million
= 3.83 times
(c) Yes, it has enough times interest ratio.
If Interest expenses increased to $7 Million, then
Company could easily raise more debt to finance additional funding needs.
<span>This best represents the test
marketing stage. During this stage, a new product is released on a small scale
to a small market. Changes are made and if it is successful in the small
market, then it is introduced on a larger scale. </span>
Answer:
$4,000
Explanation:
The asset's recovery period is 5 years and the half-year convention applies.
Therefore :
$20,000 ×0.20 = $4,000.
