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Kipish [7]
2 years ago
9

The president of the Northwoods University student body made a formal request to the IT department for additional computers in t

he main computer lab. The student body president is the ________ in the buying center.
Business
1 answer:
Helen [10]2 years ago
4 0

Answer:

A.) initiator

Explanation:

The initiator is the person that identifies an organizational problem and requests the purchase of a product or service that will solve it. In other words, the initiator identifies the unsatisfied need and starts the buying process.

The initiator doesn't have to be the user of the product or service that is being requested. E.g. in this case, the president of the student body may or may not use the computers in the main computer lab.

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On January 1, 2020, Carter Company makes the two following acquisitions. 1. Purchases land having a fair value of $200,000 by is
viktelen [127]

Answer:

PART A.

1. January 1, 2020

Account Titles and Explanation Debit Credit

Land 200,000

Discount on Notes Payable 137,012

Notes Payable 337,012

2. January 1, 2020

Account Titles and Explanation Debit Credit

Equipment 185,673

Discount on Notes Payable 64,327

Notes Payable 250,000

Solution:

A. 2. Computation of the discount on notes payable:

Maturity value $250,000

Present value of $250,000 due in 8 years at 11% = $250,000 x 0.43393 = $108,483

Present value of $15,000 payable annually for 8 years at 11% annually = $15,000 x 5.14612

= 77,192

Present value of the note (185,675)

Discount $64,325.

PART B

1. December 31, 2020

Account Titles and Explanation Debit Credit

Interest Expense 22,000

Discount on Notes Payable 22,000

2. December 31, 2020

Account Titles and Explanation Debit Credit

Interest Expense 20,424.08

Discount on Notes Payable 5,424.08

Interest Payable 15,000

Solution:

(b) 1. Discount on Notes Payable = ($200,000 x 11%) = $22,000

(b) 2. Interest Expense = ($185,675 x 11%) = $20,424

Interest Payable = ($250,000 x 6%) = $15,000

3 0
3 years ago
Companies Heidee and Leaudy are virtually identical in that they are both profitable, and they have the same total assets (TA),
ale4655 [162]

Answer:

e. Company Heidee has a higher ROE than Company Leaudy.

Explanation:

Return on equity measures how well the management of a business uses owner's equity to get returns. It is calculated by dividing net income by owner's equity.

That is

ROE= Net Income ÷ Owner's equity

Considering the accounting equation

Asset= Liability + Owner equity

Owner equity= Asset - Liability

From the equation when a company that take on more debt owner's equity will reduce.

The effect of reduction in owner's equity on Return on Equity is that it will increase the ratio, since owner's equity is the denominator.

In this scenario both companies have the same profit margin so if company Heidee has higher debt ratio it follows that it also has a higher ROE than Company Leaudy

3 0
3 years ago
The primary objective of financial reporting is to provide information:
inna [77]

Answer:

The correct answer is letter "B": That is useful in decision making.

Explanation:

Financial reporting is the activity every business organization engages to analyze the current situation of the company's operations to take decisions. The Financial Statements are the core instruments firms review to find out how is the firm performing and what points could be improved to maximize the revenue.

7 0
3 years ago
The final step in recognizing the completion of production requires a company to?
Maru [420]

'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.

Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.

Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.

The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.

Learn more about production brainly.com/question/16755022

#SPJ4

4 0
1 year ago
Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of:__________________
HACTEHA [7]

Answer:

The correct answer is

B) Items that require adjusting entries.

good luck ❤

3 0
3 years ago
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