Answer:
Interest Receivable 6,490 debit
Interest Revenue 6,490 credit
(To record interest revenue from Stellar Enterprises loan)
Explanation:
The banks accounting will reflect the accrued interest as well. From their perpective, the interest are revenue as they are the lender of the loan.
It will recognize the interest revenue from the accounting period
and will declare the interest receivable for the same amount.
<u>From this we can deduct:</u>
the payable from one entity is a receivable for another entry.
the interest expense from one firm will be interest revenue for another.
Answer:
numerous cost pools and numerous cost drivers
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.
Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.
Cost pool is simply the amount of money spent by a firm on a particular activity.
Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.
1. Leadership skills
2. Ability to handle money
3. Ability to operate equipment safety
4. Organizational
I would assign each roommate to wash their own dishes after they eat so you don’t get one big pile that no one wants to do.
You will have to come up with some kind of motivation otherwise, nothing will get done, suggestions are:
Offer to do some of their laundry when you do your own, i.e., throw in a pair of jeans & t-shirt along with yours.
Offer to pick up something from the grocery store when you go for your own groceries.
Answer:
You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.
Explanation:
- Contribution per unit = Price - Variable cost = 0.99 - 0.43 = 0.56
- Contribution per unit required=0.56 * (1+20%)=0.672
- New selling price required=Contribution+Variable cost=0.672+0.42=$1.092
