Answer and Explanation:
The adjusting entry is as follows
Interest Expense ($455,000 × 6% × 6 months ÷ 12 months) $13,650
To Interest payable
(Being interest expense is recorded)
here the interest expense is debited as it increased the expenses and credited the interest payable as it also increased the liabilities
The six months is calculated from Jan 1 to June 30
Answer:
$5100
Explanation:
The cost of the inventory in $25000 and the cost of shipping it to the consignee, $500.
The cost of marketing brochures an comissions are recognized as expense and do not affect inventory. If 80% of the inventory was sold, 20% remains, which will have a carrying value of $25,500 X 20% = $5100
Answer:
Steps to Solving the Problems With Your Problem Solving
Step 1: Pin the Problem. Clearly define the issue at hand. ...
Step 2: Identify the Issues. Start breaking down the problem into subcomponents. ...
Step 3: Generate Hypotheses and Prioritize Proving Them. ...
Step 4: Conduct Your Analysis. ...
Step 5: Advance Your Answer
Answer:
The following statements are true:
c. A potential energy function can be specified for a conservative force.
e.A conservative force permits a two-way conversion between kinetic and potential energies.
f. The work done by a non-conservative force depends on the path taken.
Explanation:
- The statement a is incorrect as the work done by a conservative force does not depend upon the the path taken instead work done by a non- conservative force depend upon the path taken.
- The statement b is incorrect as the potential energy function can not be specified for a non-conservative force but it is specified for a conservative force.
- The statement d is also incorrect as the non-conservative force doesn't permits a two way conversion between Kinetic and Potential energies but the conservative force permits this conversion.
Managerial reputation is an <u>External </u> incentive that helps to mitigate the <u>Owner-manager </u> principal-agent problem.
Explanation:
<u>The theory of incentive propose that the behavior of an individual is motivated by the “pull” of external goals, such as rewards, money, or recognition. </u>
In many situations in which a particular goal, such as a promotion at work, can serve as an external incentive that helps activate particular behaviors in an employee
<u>Monetary incentives means to reward the workers for their performance and productivity through money. </u>
<u>Monetary incentives also include employee stock options, profit sharing plans, paid time off, bonuses and cash awards.</u>
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<u>So we can say that </u>
Managerial reputation is an <u>External </u> incentive that helps to mitigate the <u>Owner-manager </u> principal-agent problem.
