Answer:
The correct journal entry is:
B. Dr. Equipment $1000 Cr. Interest Payable $1000.
Explanation:
The company will debit the interest cost to its Equipment under construction account with the sum of $1,000 while the Interest Payable is credited with the same amount. The adjustment of the interest cost helps the company to capitalize the $1,000 with a debit to its asset account and a credit to the liability account since the amount has not been paid out to the finance house affected. By capitalizing the interest cost, the asset's value is increased while the interest payable increases the current liability of the company as at the date of the adjustment.
D is the correct answer. Gossip could be used as a good or bad thing. In general, it could wreck relationships with others.
Hoped this helped.
~Bob Ross®
Answer:
(a) True
Explanation:
Knowledge of interest rates helps to manage corporate profits and security prices. Understanding of the relationship between security prices, interest rates and corporate profits is key for cooperate growth.
Answer:
Employees attitude to customers (Customer Relationship) and the quality of the food are the two most important trends that would bring about an increase in sales.
Explanation:
The first instrument of effective sales is an establish relationship. If a customers visits a restaurant to buy food and does not feel welcomed, the tendency to return back another time is very slim. Hnece, taking the scenerio in questions,the employees do not have the right attitude for keepiing their customers loyal to their product irrespective of whether the product is good or bad.
On the other hand, the reason for visiting a restaurant is to eat good food and not bad. So, when the quality of food cooked by the restaurant does not meet the taste and quality expected by the customer, the possibility of having such customer come around again is low. This invariably implies loosing the customer and the chain of connections such customer would have brought to the restaurant.
In summary, having the right employees with good customer relationship and chefs with good food recipes and quality is likely to result in the restaurant experiencing an increase in sales
Answer:
the warranty expense does the company report for the year 2017 is $240
Explanation:
The computation of the warranty expense does the company report for the year 2017 is shown below:
= Dollar sales × given percentage
= $6,000 × 4%
= $240
Hence, the warranty expense does the company report for the year 2017 is $240
We simply applied the above formula so that the correct value could come
And, the same is to be considered
