Answer:
January 1
Cash 614000 Dr
Notes Payable 614000 Cr
Explanation:
The Sheffield Brick Company has borrowed from the Admire county bank which means the note payable is a liability in the books of the Sheffield Brick company. As liability is increased or recorded, it is credited. The amount of liability is $614000 on the day of the issuance of note. Thus, Sheffield will credit Note payable by $614000.
The Sheffield company has received cash by signing note. As cash is an asset and it is increasing, the Sheffield company will debit cash by 614000 against the notes payable.
The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.
<h3>What is the
Total Quality Management?</h3>
This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.
The five concept of Total Quality Management includes:
- Produce quality work the first time
- Focus on the customer
- Have a strategic approach to improvement
- Improve continuously
- Encourage mutual respect and teamwork.
Read more about Total Quality Management
<em>brainly.com/question/23443069</em>
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Answer and Explanation:
The amortization schedule is presented below:
Date Cash Interest expense Amortization Balance
A B C = (A - B)
January 1, Year 1 $58,998
D
End of Year 1 $3,944 $3,717 $227 $58,771
E = D - C
End of Year 2 $3,944 $3,702.573 $241 $58,530
End of Year 3 $3,944 $3,687.39 $257 $58,273
End of Year 4 $3,944 $3,671 $273 $58,000
Working notes:
For computing the missing amount first we have to find out the interest expense rate which is
= $3,717 ÷ $58,998
= 6.30%
For year 2,
The interest expense is
= $58,771 × 6.30%
= $3,702.573
For year 3,
The interest expense is
= $58,530 × 6.30%
= $3,687.39
<span>Circumstances that help Walmart succeed usually makes it difficult for little businesses to thrive. The absence of government regulation generally profits big businesses and is unfavorable to small businesses. This leads to the emergence of monopolies and the abolishment of little businesses, even if they are original and innovative. In theory; more government regulation (if fair and just) would help small businesses compete more fairly with big business.</span>
Answer:
C. 1.40x
Explanation:
1. Production:
November through February: x rakes/month* 4 months = 4x rakes.
2. Shipping and storage costs
March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35
April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ = $0.30
May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25
June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$
July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ = $0.15
August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1
Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x (in stock) * $0.1 = $0.05
October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 = $0
Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x
Total storage cost = $1.40X
