Answer: The journals to record the sale of the receivables in Sunland Company's books are:
Debit Credit
Cash 729,600
Service charge expense 38,400
Accounts receivable 768,000
Explanation: Please note that Western Factors Inc. charges 5% of the amount of receivables sold. This means the cash transfer Sunland Company would make to western Factors Inc. would be net of the 5% service charge (5% * $768,000 = $38,400). Since Sunland is disposing the receivables, that account has to be credited. Then, the actual cash transfer would be $729,600 ($768,000 - 38,400). That is what Western Factors Inc. would now carry as its own receivables in its books.
Answer: 2,900 shovels
Explanation:
Ending Inventory = Beginning Inventory + Total Inventory Purchased - Sales
900 = 500 + Total produced - 2,500
Total Purchased = 900 + 2,500 - 500
Total purchased = 2,900 shovels
NB; There was no beginning balance in your question so I gave a random figure of 500 units. Use the equation if the figure is different.
Answer:
$26,247.696
Explanation:
The table is shown below:
Year Opening Balance Deposit Aggregate Interest @6% Total including interest
1 0 $6,000 $6,000 $360 $6,360
2 $6,360 $6,000 $12,360 $741.6 $13,101.6
3 $13101.6 $6,000 $19,101.6 $1,146.096 $20,247.696
4 $20,247.7 $6,000 $26,247.696 $1,574.862 $27,822.55776
The parts of the federal government that played a major role in stabilizing the nation after the Great Recession were:
- The President
- Congress
- The Fed
President Obama instituted several Executive Orders aimed at helping the economy and also proposed laws to Congress as well that would help the economy.
Congress passed several laws that increased federal government intervention and made the financial system more secure to help the nation stabilize after 2008.
The Federal Reserve engaged in an aggressive expansionary monetary policy that saw more money pumped into the economy such that the economy was able to rebound.
In conclusion, several federal bodies did what they could to help the nation stabilize after the Great Recession.
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Answer:
C) Employees with certain supervisory duties
Explanation:
The NLRB organization consists of:
1) The Board – have 5 members and their staff
2) The General Counsel- final and independent authority which is under the Board and has to do investigation of charges and issuance of compliance.
3) The Regional Offices- are located in large cities and are supervised by the General Counsel
NLRB Authority is about the enterprises those affect on the commerce by their operations. There could be included to the commerce: “trade, traffic, transportation, or communication within the District of Columbia or any Territory of the United States; or between any State or Territory and any other State, Territory, or the District of Columbia; or between two points in the same State, but through any other State, Territory, the District of Columbia, or a foreign country”
Supervisors are actually excluded by the NLRB from participating in organizing activities and being a member of the bargaining unit because, he/she could have some interest in favor of employer so there might be inappropriate situations like: to cause another employee to be hired, rewarded, disciplined
