Answer:
Journal Entries
2018
Feb. 1 Debit 6% Note Receivable (Candace Smith) $12,000
Credit Cash $12,000
To record receipt of a one-year, 6% note.
Apr. 6 Debit 12% Note Receivable (Park Pro) $6,000
Credit Sales Revenue $6,000
To record receiving a 90-day, 12% note.
Apr. 30 Debit Interest Receivable $230
Credit Interest Revenue $230
To accrue interest revenue for both notes.
Explanation:
a) Data and Analysis:
2018
Feb. 1 6% Note Receivable (Candace Smith) $12,000 Cash $12,000
a one-year, 6% note.
Apr. 6 12% Note Receivable (Park Pro) $6,000 Sales Revenue $6,000, receiving a 90-day, 12% note
Apr. 30 Interest Receivable $230 Interest Revenue $230
($12,000 * 6% * 3/12) + ($6,000 * 12% * 25/360)
= $180 + $50
= $230
When returning your unit to service following a call, the responsibility of ensuring that the unit is restocked and ready for another call rests with "everyone on the EMS team".
<h3>What is Emergency medical services EMS?</h3>
EMS is an important part of healthcare, public health, and public safety. On every given day, EMS answers to calls for assistance in practically every municipality in our country, 24 hours a day, seven days a week.
Some key features regarding the EMS are-
- EMS helps us in many ways from heart attacks, strokes, and drowning; cures injuries from automobile accidents, shootings, stabbings, and other forms of violence; and cares for the plethora of many other diseases and accidents that occur on a daily basis in the United States.
- When major disasters occur, whether they are environmental (tornadoes, floods, cyclones, epidemics) or man-made (terrorist attacks, explosives, active shooters), EMS responds by providing medical care and assisting communities in picking up the pieces.
- The public relies on EMS to assist them in their most distressing moments.
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Answer:
Change in accounting estimate
Depreciation for 2018: $80,000
Explanation:
A change in accounting estimate occurs when there is new information that surfaces, affecting the initial situation. It can affect the carrying amount of an asset or liability as well as alter the accounting for existing and future assets or liabilities.
The machine has a cost of $800,000. It is depreciated using the straight-line method of depreciation. Hence, the depreciation expense is the same annually throughout the life of the asset.
Annual depreciation = (Cost of asset - salvage value) / number of useful years
Old annual depreciation = ($800,000-0) / 5 = $160,000 per year.
By January 2018, the asset has depreciated for two years. Hence the book value of the asset as at 2018 is the difference between the cost of the asset and the total depreciation expense i.e. $800,000 - (160,000 x 2)
= $480,000.
According to the new depreciation estimate, the asset has a useful life of 8 years. Hence the remaining years is 6 years ( 8 - 2).
The annual depreciation currently is = ($480,000 - 0) / 6 = $80,000
Depreciation expense for 2018 = $80,000
The technique that's employed by the project manager is PERT technique.
<h3>What is a project?</h3>
It should be noted that a project simply means a work that's carried out in order to achieve a desired goal.
In this case, since the manager is reviewing the chronological sequence of activities that must be completed on the project, he's using the PERT technique.
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Answer:
human side to computer side
Explanation:
Automation of a process activity consists of moving work from the human side to computer side of the symmetrical five-component framework.
