Answer: a. $120,000
b. $6,000
c. Yes
Explanation:
a. It is said that the collection centres would help reduce the collection time by 2 days and that every day $60,000 comes in.
If the proposal will reduce the amount of time taken to collect by 2 days then that means that the amount freed up is the amount that they would have collected in two days had it not been for the system.
That amount would be,
= $60,000 * 2
= $120,000
b. If they used this free up cash to pay off a debt that was accumulating 5% per year then the 5% will be saved.
The amount saved therefore is,
= 120,000 * 5%
= $6,000
By retiring a $120,000 that was accruing $6,000 a year, the proposal has enabled that $6,000 to be saved instead.
c. The cost of implementing this proposal is $5,200 per year and yet the savings it gives in interest is $6,000.
As the savings are higher than the cost, the number definitely suggest that the project should be implemented because it is more beneficial than it costs.
The words are
transparent,involved,and empathetic
Answer:
decrease the stockholder equity and decrease in assets
Explanation:
As we know, the accounting equation is
Total assets = Total liabilities + stockholder equity
In the given case,
The rent is paid for the current month, so the journal entry would be
Rent expense A/c Dr XXXXX
To Cash A/c XXXXX
(Being rent is paid)
So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance
President Kennedy aimed to provide economic assistance, and consolidate democracy and social justice in Latin America.
Kennedy proposed, via the corporation for international improvement and the Alliance for progress, both launched in 1961, to mortgage greater than $20 billion to Latin American nations that would sell democracy and adopt significant social reforms, specifically in making land possession possible for more numbers.
The Peace Corps, a program that despatched younger volunteers to foreign places to assist those in want, turned into probably one of the high-quality-acknowledged New Frontier programs.
Learn more about President Kennedy here: brainly.com/question/13721861
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