Tacobell and I had a amazing manager named big john!
The entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.
<h3>What is Accounts Receivable?</h3>
Accounts Receivable can be defined as the amount a company is expected to receive from their clients or customers for the goods and service they rendered to their clients.
Based on the information given the appropriate journal entry to record the transactions is:
Debit Cash
Credit Account receivable
(To record the receipt of cash)
Inconclusion the entry that Lane will make to record the receipt of cash will include a credit to the: a. Accounts Receivable.
Learn more about account receivable here:brainly.com/question/24848903
The statement is true. A project manager may "also" be the project champion. But it is not mandatory. But there are possibilities that the project manager is also an expert the in project he is handling. Thus, the above statement is true. If the statement would have been - The project manager will be or needs to be the project champion, then it would be false statement.
Answer:
a) 17.5%
Explanation:
The computation of the simple rate of return on the investment is shown below:
Simple rate of return = Annual net income ÷ Initial investment
where,
Annual net income is
= Sales revenue - cash operating expenses - depreciation expenses
= $250,000 - $100,000 - ($400,000 ÷ 5)
= $70,000
And, the initial investment is $400,000
So, the simple rate of return is
= $70,000 ÷ $400,000
= 17.5%
Dividing the annual net income by the initial investment we can get the simple rate of return
In order to run your buissnes
