Answer:
Option (B) is correct.
Explanation:
The Journal entry is as follows:
Interest expense A/c Dr. $625
Note payable A/c Dr. $1791.60
To cash $$2,416.60
(To record the first month’s payment on January 31, 2021)
Working notes:
Monthly interest expense:
= (Note payable × Interest rate per annum) ÷ 12 months
= ($125,000 × 6%) ÷ 12 months
= $625
Note payable = $2,416.60 - $625
= $1,791.60
I think that may depend on the trumpet. I'm not sure tho
A delivery gap is,
a. the difference between a firm's service standards and the actual service it provides
- Mabel <3
Answer:
$394 U
Explanation:
Calculation for the activity variance for vehicle operating cost in February would be
First step is to calculate the Flexible budget
Flexible budget= $1,880 + ($394 × 14)
Flexible budget=$7,396
Second step is to calculate the Planning budget
Planning budget= $1,880 + ($394 × 13)
Planning budget=$7,002
Last step is to calculate the activity variance for vehicle operating cost in Februar
Activity variance=Flexible budget $7,396-Planning budget $7,002
Activity variance=$394 U
Therefore The activity variance for vehicle operating cost in February would be closest to $394 U.
Answer:
share holder equity
Explanation:
it indicates how much of company's assets have been generated
