Accounting is the process of recording financial transactions pertaining to a business.
Jenna puts $100 in a savings account in 2016 and sees a 3% increase in her account without depositing additional money is an example of earning interest.
The interest rate that investment is earning for you is known as earned interest. For instance, if you invest $1,000 in an investment that yields 10% annually, your interest earnings for that year will be 10%, or $100.
A sum that a business receives from interest-bearing bank accounts or other investments. In the accounting period in which the interest is earned, the sum should be recorded as Interest Revenues, Interest Income, or Investment Revenues.
Learn more about earning interest here:
brainly.com/question/4407546
#SPJ1
Answer:
Explanation:
department 1 transferred cost to department 2:
=$75000+$100000+$125000+$150000-$60000
=$390000
department 2 transferred cost to department 3 is:
=$75000+$50000+$60000+$70000+$390000-$60000
=$585000
journal entry to record the flow of costs into department 3 :
Dr work in process depatment 3 $585,000
Cr work in process department 2 $585,000
Answer:
maximize profits.
Explanation:
Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc
<em><u>In debt fund, the investment is made in fixed-interest securities such as government securities, corporate bonds, commercial paper, treasury bills, and other money market instruments. The major objective of investingin debt funds is to generate capital appreciation and earn interest income.</u></em>