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Dmitry_Shevchenko [17]
3 years ago
5

LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2016. In payment for the $25.0

million purchase, LCD issued a 1-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 24%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:

1. & 2.

Prepare the journal entries for LCDâs purchase of the components on November 1, 2016 and the first installment payment on November 30, 2016. (Enter your answers in whole dollars. If no journal entry is required for a transaction, select "No journal entry required" in the first account field.)

3.

What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 2016?. (Enter your answers in whole dollars.)
Business
1 answer:
deff fn [24]3 years ago
8 0

Answer:

We will use the following equations for this problem

a. (Initial cost  Estimated output) × Actual yearly output

b. (Depreciable cost  Yearly output) × Estimated output

c. Depreciable cost  Yearly output

d. (Depreciable cost  Estimated output) × Actual yearly output

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3 0
3 years ago
Read 2 more answers
ALBERTO: Tami, I’ve got a problem. Can we talk for a minute?
Tema [17]

The component of reflective listening that is absent from this conversation is clarifying the implicit.

Affirming contact:

Instead of necessarily signaling agreement, the purpose of affirming contact is to express attentiveness and assurance.

So "Wow" and "Yes!" in the conversation expresses attentivness and make Affirming contact.

Paraphrasing the expressed:

It clarifies to the speaker both what was heard and what the listener's thoughts and feelings were. occasionally use a follow-up question

Hence When TAMI said, "So you're saying that Ricky bought tomatoes you couldn't serve?" she was paraphrasing what was said. when he responded to ALBERTO's remarks.

Clarifying the implicit:

Any implicit messages, such as thoughts and feelings that are not fully or explicitly expressed along with their outwardly expressed message, are clarified.

Hence The conversation lacks Clarifying the implicit.

Learn more about Reflective Listening here:

brainly.com/question/8955472

#SPJ10

6 0
2 years ago
When thinking about implementation issues as discussed here, we can draw a parallel to the example from the text about Walmart e
Firdavs [7]
Try E or D I am not sure
4 0
3 years ago
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

5 0
4 years ago
How does understanding individual behaviour help authentic leaders overcome challenges in organisations? Provide an example in y
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Answer:

To understand the behavior and skill set of the individual

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Understanding individual behaviour helps leaders to understand how these people can be useful in contributing to the growth of the team and organization.

It also helps leader to understand the interpersonal skills of an individual being so that there are no issues due to the behavioral aspect with in the team.

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3 years ago
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