Based on my online research, the current CEO of Earthwear is Calvin J. Rodgers.
From 2014 to 2015, the accounts payable change in dollars with an increase of $14,077 which is equivalent to 20.07%.
It is written that Earthwear had the highest net income in 2010. The net income amounted to $41,698.00
Additional detail about Earthwear is that it uses LIFO or last-in, first-out inventory valuation method.
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Answer:
a. A job needs to be divided into types of work so that it can be coordinated in some logical way. ==>TRUE.
b. Work is the output that comes from the accomplishment of tasks. ==>FALSE.
c. Work is effort directed toward accomplishing results.==>TRUE.
d. Ideally, the work to be done in any organization should be significantly less than the amount of work that the organization needs to have done.==>FALSE
Explanation:
For a Job to be effectively executed, the steps required to carry out the job needs to be properly outlined, this itemized steps can be regarded as the work that needs to be done to properly execute the job.
Every work done has to be goal oriented, this is done to give the workers a sense of direction and also to avoid wasting time, energy and resources on things irrelevant to the job at hand.
Work done on an organization has to be equal to or more than it had planned to carry out in order to achieve the organization overall objectives.
Answer: Please see the required journals below:
Mar. 17:
Debit Allowance for doubtful accounts $1,000
Credit Accounts receivable $1,000
July 29:
Debit Cash $1,000
Credit Bad debt recovery (income statement) $1,000
Explanation: On March 17, when $275 was received from Shawn and the remaining balance of $1,000 was written off, the allowance for doubtful accounts has to be debited since the company adopts the allowance method of accounting for uncollectible receivables. Note that the allowance account would have the required buffer to take care of this debit. Similarly, when the recovery was made, cash would be debited then the credit would default to income statement.
Answer: Interest expense=$108
Explanation:
Interest expense =Principal x Rate x Time ( Period)
Where
Principal = $16,200
Rate =, 8%
TIme ( Period ) = From December 1st to 31`st = 30 days
Interest expense= P x R x T
= $16,200 X 0.08 X 30/360
=$108
The amount of interest expense accrued at December 31 on the note is $108
