Answer:
a. introduction
Explanation:
of a proposal begins with a capsule statement.
Answer:
a. increased by $56,000
Explanation:
General accounting equation ;
Assets = Liabilities + Owners equity
Owners equity = Assets - Liabilities.
Therefore,
Increase in stockholder's equity
= $87,000 - $31,000
= $56,000
Answer:
Dr Interest Receivable 4,000
Cr Interest Revenue 4,000
Explanation:
Preparation of XYZ Corporation Adjusting entry
Since the XYZ Corporation loaned the amount of $600,000 to another corporation on December 1, 2020 in which XYZ Corporation received a 3 month and 8% interest-bearing note with a face value of $600,000, the first step to take is to find the interest bearing note which is calculated as 4,000(1/12×8%×600,000) and the second step is to record the transaction as :
Dr Interest Receivable 4,000
Cr Interest Revenue 4,000
(1/12×8%×600,000)
Answer:
The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.
Explanation:
The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements. The easiness of the Mobile App achieving this functionality is very important. Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly. The scanning should be as simple as taking a shot with the phone's camera.
Answer: Balance Sheet
Profit and Loss Statement
Cash Flow Statement
Explanation:
Balance Sheet or the statement of Financial Position is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.
Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.
Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.