Answer:
Thompson Computer Services
Income statement for the current year ended March 31.
Particulars Amount
Fees Earned $68,980
Expenses
Miscellaneous expense $370
Office expense $560
Wages expense $25,580
Total Expenses <u>$26,510</u>
NET INCOME <u>$42.470</u>
Answer:
interest expense for the first semiannual interest period and subsequent: 3,965.3 dollars
Explanation:
face value 94,000
proceeds 91,947
discount 2,053
under straight-line method the discount amortization will be equally distributed among the payment
2,053 / 10 payment dates = 205.3
Then, we have to add the cash outlay in favor of the bondholders:
94,000 face value x 8% coupon rate / 2 payment per year = 3,760
Total interest expense: 3,760 + 205.3 = 3,965.3
Answer: The correct answer is "debit memo".
Explanation: In the case of damaged or poor-quality goods, a document called a <u>debit memo </u>is prepared after the supplier agrees to take back the goods or to grant a price reduction.
A debit memo is a document to leave documented (materialize) and remind the supplier that he must withdraw the goods or make a reduction in the balance to be paid, that is, a reduction in the price.
Answer:
A programmer, a web designer, and a data analyst.
Explanation:
The programmer creates the sales system application. He will integrate key functionalities in the new software that will meet the companie's unique need.
The we designer will create a website that will give easy access to the newly developed sales system application. This will also involve content creation and user interface creation.
Data analyst will be in charge of managing client's data. Making sure data is secure and in a form that can be easily accessed and used.
A decision-making process that managers use to determine how to invest the company’s funds in major capital assets is capital budgeting.
<h3>What is capital budgeting?</h3>
It should be noted that capital budgeting simply means the process undertaken by a business to evaluate investments.
In this case, the decision-making process that managers use to determine how to invest the company’s funds in major capital assets is capital budgeting.
Learn more about capital budgeting on:
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