Answer:
Option "A" is the correct answer to the following statement.
Explanation:
Business Entity Assumption state that businessman and business are a different entity.
Under the Business Entity Assumption, Personal assets and Company assets are always different, Personal assets will never show in the Company's balance sheet.
In the case of Michel McNamee his bank account and personal home in not recorded in the company's book.
Answer:
Note payable 75,600 debit
Interest expense 1,134 debit
Cash 76,734 credit
Explanation:
NOTE: it semes you paste possible answer for a differnt questions.However it is possible to determiante a correct answer:
interest will be calculate as follows:
principal x rate x time = interest
we should match rate and time in the same metric, in this case portion of a 360 days years:
75,600 x 0.09 x 60/360 =<em> 1.134</em>
As we take the debt, this interst are expense.
To record this, we will write-off the note principal, post the interest expense and credit the total amount of cash disbursements to pay up the debt.
Note payable 75,600 debit
Interest expense 1,134 debit
Cash 76,734 credit
Answer:
The phenomenon that is likely to occur is Crisis Prevention. as a result of a contingency plan put in place ahead of time by the proactive Marketing Team Lead
Explanation:
The first stage in a crisis management model pre-crisis phase.
The pre-crisis phase is is concerned with prevention and preparation.
A proactive leader develops a contingency plan ahead of an impending crisis.
A business contingency plan is a course of action that an organization would take if an unexpected event or situation occurs. It helps to ensure preparedness for unforeseen circumstances like the one highlighted here.
Faced with the pressure to come up with an impressive advertising campaign within forty eight hours or face bankruptcy, a proactive team lead would likely save the day with contingency plan he had already worked out.
Answer:
adding up consumption, investment, government expenses, and net exports
adding up the market prices of final goods and services produced in the US
adding up the incomes of producers and taxes paid to the government
Explanation:
GDP is measured by three approaches, namely production, expenditure, and income.
In the <u>expenditure approach</u>, GDP is obtained by the formula GDP = C + G + I + NX, where c is consumption. G is government spending, I investment, and NX is net exports. Net export is the difference between imports and exports. The expenditure approach is also the consumption approach.
The <u>production approach c</u>alculates GDP by adding up the value of finished products. The Approach considers new products meant for consumption to avoid double counting.
The <u>income approach</u> recognizes the fact that expenditure is somebody's else income. Income considered includes wages paid to labor, the return on capital in the form of interest, the rent earned by land as well as corporate profits.
Answer:
Explanation:
The fact that members of that particular community are willing to pay a large sum of money as much as $25,000 demonstrates their willingness to pay for clean air which is actually beneficial to the health because studies have shown that breathing in unclean air can lead to several respiratory illnesses of varying severity.
