Answer:
Part 1:
Account Debit Credit
Cash $11,500
Notes Payable $11,500
(On 12% Interest)
Part 2:
Account Debit Credit
Interest Expense $690
Interest Payable $690
Part 3:
Interest Expense = $690
Interest Payable = $690
Explanation:
Part 1:
July 1, 2018 Midshipmen borrows $11,500 from Falcon Company.
Account Debit Credit
Cash $11,500
Notes Payable $11,500
(On 12% Interest)
Part 2:
From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is
($11500 * 1% = $115).
For 6 months Interest expense = $115 * 6
For 6 months Interest expense = $690
General Entry:
Account Debit Credit
Interest Expense $690
Interest Payable $690
Part 3:
Same as Part 2 i.e
From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is
($11500 * 1% = $115).
For 6 months Interest expense = $115 * 6
For 6 months Interest expense = $690
Interest Expense = $690
Interest Payable = $690
Answer:
Santoyo Corporation
Tracking Time to Fill Orders:
The delivery cycle time was 25 hours.
Explanation:
The delivery cycle time sums the time occasioned by the supply delay and the reordering delay before the goods reach the customer. As an order is received by Santoyo Corporation there is usually a wait time of half a day or 12.5 hours. The processing of the order consumes 1.6 hours. Before delivery is made, the inspectors spend 0.8 hours or 48 minutes doing what they know best. Then, freight takes 4.2 hours for the delivery van to reach the customer's warehouse. At that point, another 5.9 hours are spent queueing for the receipt of the goods by the customer.
Answer:
Explanation:
Variable cost = 20,841*70%+9,765*30% = 17,518.20
Fixed cost = 20,841+9,765+2,239 -17,518.20 = 15,326.8
Contribution margin per unit = (Revenue - Variable cost)/subscribers =(35,345-17,518.20)/32.5 = 548.5
a) Break even unit = Fixed cost/Contribution margin = 15,326.8/548.5 = 27.9 Million
b) Revenue per account = (Total variable cost+Total fixed cost)/subscribers = (17,518.20+15,326.8)/32.5 = $1010.61
Answer:
The value of X+Y=2,769
Explanation:
According to the given data we have the following:
x=present value of 2,000
=2,000/(1+0.06)=1,886.79
y=present value of 1,000
=1,000(1+0.07)∧2=873.44
x+y=1,886.79+873.44
=2,760.23
=2,769
The value of X+Y=2,769
Answer:
The correct answer is letter "C": Enhance innovation and creativity.
Explanation:
Phil is enhancing innovation and creativity by introducing his new management assessment. Those assessments are typically directed to executives and how they should use their resources to drive companies to success. However, Phil is promoting the idea of obtaining valuable information from knowledgeable employees of the entity that could help managers to make better decisions.