Compounding. If you compound your interest, then your interest rate will go up, and you get more interest.
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
Answer:
A dashboard refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.
Explanation:
A dashboard refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.
A type of graphical user interface that often provides at-a-glance views of key performance indicators (KPIs) relevant to a particular objective or business process is known as a dashboard. In other ways, another name for "dashboard" is "progress report".
The "dashboard" is often displayed on a web page which is linked to a database that enables the report to be constantly updated.
Answer:
Explanation:
First, we have to compute the accrued interest amount, then only the adjustment entry would be made.
So,
Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)
= $8,000 × 12% × 2 ÷ 12
= $160
The two months is calculated from May 1, 2018 to June 30, 2018
Now, we pass the adjustment entry which is shown below:
Accrued interest expenses A/C Dr
To Interest payable
(Being adjustment entry of accrued interest is recorded)
