Answer and Explanation:
The journal entries are shown below:
On Aug. 1
Merchandise Inventory $75,000
To Accounts Payable $75,000
(Being the purchase of merchandise inventory is recorded)
For recording this we debited the merchandise inventory as it increased the assets and credited the account payable as it also increased the liabilities
On Sept. 1
Accounts Payable $75,000
To Notes Payable $75,000
(Being the issued of note payable on the account is recorded)
For recording this we debited the account payable as it decreased the liabilities and credited the note payable as it increased the liabilities
On Nov. 30
Notes Payable $75,000
Interest Expense $1,125 ($75,000 × 6% × 90 days ÷ 360 days)
To Cash $76,125
(Being cash paid is recorded)
For recording this we debited the note payable and interest expense as it decreased the liabilities and increased the expense and credited the cash as it decreased the assets
Answer:
Explanation:
The manager should not make the donation as he knows that he is indirectly funding the organization that is engaged in drug trafficking. Even though the big man helps the poor in the neighborhood that does not justify his act of running an organisation of drug trafficking, Instead he should report it to the local authority so as to everything being taken care of, with whatever information he has about the big man. Thus he will be adhering to the social responsibility of himself and the organization.
Answer:
e. The NPV method assumes that cash flows will be reinvested at the cost of capital, while the IRR method assumes reinvestment at the IRR. Explanation:
Under the NPV method that is the Net Present Value method, discount rate used is cost of capital of a company, that is Weighted Average Cost of Capital. This is to ensure that the company is able to meet its current financing cost.
Under the IRR method the rate is calculated at which the return of investment and cost of such project or investment is equal, if it is more than cost of capital the project is acceptable.
Therefore, statement e stating that the NPV method uses the cost of capital and IRR uses the IRR rate is correct.
The answer to this question is "tall organization" such as within its production department, then there's a change in the table of organization such that manufacturing department will soon have shift leaders, a supervisors, an assistant plant managers, then a plant manager, a production group managers, an assistant division managers, an assistant vice president for production. Given that the multiple layers of the management table of organization or structure, then this kind of manufacturing is an example of a tall organization. More employees in a big company or a tall organization.
Answer:
The answer is letter d. The primary key is the unique identifier throughout a database table. It could be a social security number, license number, or telephone number. This makes a person to be easily identified especially when there's a lot of people with the same name in the database.
