Answer:
The annual installment payment consists of both interest payments and principal repayment.
The interest is based on the remaining balance which is $3,500,000 in this instance:
= 10% * 3,500,000
= $350,000
Principal repayment = 569,509 - 350,000
= $219,509
a.
Date Account Titles and Explanation Debit Credit
Dec, 31 2020 Cash $569,609
Mortgage Payment $569,609
Date Account Titles and Explanation Debit Credit
Dec, 31 2021 Interest Expense $350,000
Mortgage Payable $219,509
Cash $569,609
The end of the accounting period fell on a payday for Romero Industries but not for Rose Industries.
Explanation:
Unpaid wages are normally the percentages paid to hourly employees but not yet charged to employers.
According to the cumulative basis of accounting, outstanding wages received by workers but not yet deposited in their accounts must, through an accrual change entry to be entered or recorded:
-
Debit Wages Expense
- Credit Wages Payable or credit Accrued Wages Payable
Expense of wages is an account of income statement. Wages Payable or Accrued Wages Payable is a current account with a balance sheet account documentation.
Answer:
Human capital resource, Financial capital
Explanation:
Answer:
I think Sears need to stop diversifying its product too much and focus on improving internal human resources.
Explanation:
The largest expense that Sears made occurred during their effort to add more female customers to shop at their place.
Sears was known for its DieHard, Craftsman and Kenmore brands that attract mostly male customers to their stores. They started “The Softer Side of Sears” which focused on adding more products for female customers.
But, in the process of doing so, Sears neglected their already successful male products department with a lot of employees who sacrifice a lot of their time and effort into making Sears as big as it is.
In order to restore to its former glory, Sears need to stop focusing on new market with a lot of strong competitors and focused on improving skill set of employees in their successful department. They can do this by investing in their education, increasing the budget for their research and development, etc.
Answer: Establish global consistency
Explanation: The corporation Multinat wants to establish global consistency by ensuring that new divisions in Africa and Australia follow the same guidelines and policies as the parent company. Global consistency helps integrates the divisions of an organization, ensures uniformity and enables these divisions especially newly formed ones to offer high-quality services in line with the parent company thereby generating value for clients.
