Answer:
Journal entry recording the interest
Debit Credit
Interest Expense $7,350
Cash $7,000
Interest Payable $350
As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.
The principle of professionalism<span> is a standard of personal conduct by a </span>professional<span>in his business dealings. While guidelines for acceptable and expected behavior vary from industry to industry, personal </span>principles<span> typically focus on </span>ethics<span>, code of conduct, appropriate personal interactions and workplace integrity.</span>
The fact that the machine building company identifies all potential buyers of wood lathes in the area and estimates the number of lathes each one might buy means that the company is using the market-build up to estimate market potential. This market-build up method produces accurate results if <span>the company has a list of all potential buyers and a good estimate of what each will buy.</span>
Answer:
Redesigning work
Explanation:
Redesigning work refers to reviewing work tasks and job responsibilities in order to optimize the way employees perform their tasks and increase their efficiency and productivity. Redesigning work may include reallocating staff to different areas, increasing their number where they are needed in order to increase total output. It may also include changing the processes involved in the production of goods, customer care services, and even changing the company's organizational structure.
The final goal of redesigning work is to both increase efficiency and total output, and increase employees' satisfaction.
