Answer:
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable$1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Explanation
:
Vaughn Inc
Journal entry
January 2, 2017
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable
$10,100-$9,100) $1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Total Revenue:
sales revenue + interest revenue $9,100+$1,000 = 10,100
Total revenue= $10,100
The newly polished one as there will be less resistance and will travel faster across it
The reason that they do this because rotating crops has the
capability of keeping the nitrogen from being depleted in the soil as nitrogen
fixing bacteria are likely to be found in the nodules of the roots of the
soybeans and not on the corn’s roots that makes soybeans the next after the corn
is planted first.
Answer:
EPS of Plan I = $3.19
EPS of Plan II = $2.82
Explanation:
Under Plan I:
Plan I's Earning per share (EPS) = EBIT ÷ Number of shares = $575,000 ÷ 180,000 = $3.19
Under Plan II:
Interest = $2,600,000 × 8% = $208,000
Earning after Interest = EBIT - Interest = $575,000 - $208,000 = $367,000
Plan II's EPS = $367,000 ÷ 130,000 = $2.82
Answer:
increase productivity in office setting
