The answer to this statement is true because it is true that
nonfinancial factors are the ones that does not involve money such as having
the reactions of customers, the time in terms of having things being delivered
and the morale of the employees. Thus, it makes it important in managerial
decision as managerial decision are being done in order to judge things, asses
and evaluate in order to manage things with the use of ideas or choices that is
being brought up. So the nonfinancial factors serves important as they are
ideas and choices that are considered to be needed in having managerial
decision made. This, supports the statement as it is true.
Answer:
A. No entry
B. Dr Cash $900
Cr Unearned sales Revenue $900
C. Dr Unearned sales Revenue $900
Dr Cost of goods sold $575
Cr Sales Revenue $900
Cr Inventory $575
Explanation:
A. Preparation of the journal entry on May 1, 2020, for Richardson.
May 1, 2020
No entry
B. Preparation of the journal entry on May 15, 2020, for Richardson.
May 15, 2020
Dr Cash $900
Cr Unearned sales Revenue $900
C Preparation of the journal entry on May 31, 2020, for Richardson.
May 31, 2020
Dr Unearned sales Revenue $900
Dr Cost of goods sold $575
Cr Sales Revenue $900
Cr Inventory $575
Answer:
$30,000
$20,000
$10,000
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
$100,000 - $70,000 = $30,000
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.2 x $100,000 = $20,000
Excess reserves is the difference between reserves and required reserves
$30,000 - $20,000 = $10,000