Answer:
D. the sum of employee compensation, rents, and interest exceeds aggregate income.
Explanation:
Aggregate income is defined as the total income in an economy of a company that does not take into account inflation, taxes, or double counting.
Aggregate income is equal to summation of employee compensation, interest, rent, and profits.
If profits are less than zero it follows that the other elements of aggregate income, that is the sum of employee compensation, rents, and interest exceeds aggregate income.
Answer:
A) Implementing the change quickly.
Explanation:
The company's controller is basically the chief accountant of the company. In this case, he/she is trying to focus on lowering costs and suggest a formal budgeting process might help. This is an essential thing that should have been done before, probably since the company started operating.
When essential and important activities are not carried out within a company, and suddenly someone realizes that it must be done, it may be seen as something bad. E.g. if it was really so important, why was it never done before?
As all important things, they cannot be rushed, and they have to be done with the largest possible support within the organization. This includes both management (who will feel pressured) and employers (who might believe it is a way to determine who should be fired).
Answer:
$117
Explanation:
The computation of the interest revenue is shown below:
= Note receivable amount × rate of interest × number of months ÷ (total number of months in a year)
= $3,900 × 9% × (4 months ÷ 12 months)
= $117
The 4 months are from 1 September 2021 to 31 December 2021 It is assumed that the books will be closed on 31 December 2021
Answer:A. Commercial paper
Explanation:The form of debt financing is unlikely to be used by a firm the size of Moonworks is a commercial paper.
A commercial paper is issued by large corporation to secure funds inorder to meet a debt that has a short time duration such as payroll, and its backed only by the bank that issues it or the borrowing company promised payment on the face amount on the due date which must have been specified on the note.