Systems management refers to enterprise-wide administration of distributed systems including (and commonly in practice) computer systems. [citation needed] Systems management is strongly influenced by network management initiatives in telecommunications.
The reduction in inventory value at Murray manufacturing is a source of cash
What is difference between use and source of funds?
A transaction is a use of cash if it requires more cash to be spent on its during the period under review whereas for a source of cash, there would a reduction in its cash usage for the company
In this case, inventory value fell from $100 in 2019 to $75 in 2020, reducing by $25, which means that inventory made use of lesser cash in 2020,releasing $25 for other uses, hence, inventory is a source of cash.
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Answer:
The required adjusting entry at the end of the accounting period is : A) Interest expense 4,000 Interest payable 4,000
Explanation:
Interest is Accrued from September 1 ,2004 to December 31, 2014 in the 2014 accounting period. Thus we a period of over 4 months out of the 12 months in a year.
Considering the Matching or Accrual Principle Interest will only be considered for these 4 months only (Revenues and Expenses must be recorded in the period in which they Accrue or Incur)
Calculation of the Interest expense and the Interest Payable is :
=$100,000 × 12% × 4/12
=$ 4,000
