The answer would be c shareholders
Answer:
These teams are both cross functional and project teams.
Explanation:
Cross functional team comprises of group of people who have different functional expertise and come from various aspects of organization.
These people come from different departments of the organization and work for a common goal.
Organizations often form cross-functional team for a short period for specific projects.
Here, this team is formed for the project of product launch so it is an example of cross functional project team.
Answer: The following entry is required to enter this transaction
Accounts Receivable A/c Dr $5,000
To Sales $5,000
Since Kristi's sold the tiles on charge, it means that it was a credit sale.
On the day of the sale, we will credit the sales account with the total value of the sale i.e . Since it's a credit sale we'll debit the Accounts Receivable account with $5000.
The terms of the sale are 1/10, n/30. This means that the customer can get a 10% discount if he pays within 1 day of the sale, else he has 30 days to pay the entire amount.
Since we don't know if the customer paid within a day or not, we record the transaction above in order to account for the credit sale.
Answer:
No, her ratio is greater than 37%
Explanation:
Given:
Monthly income = $3,300
Credit card expenses = $80
Student loan expenses = $130
Car payment = $215
All insurances = $1,221
Computation:
Total debt to income ratio = Total debt / Total income
Total debt to income ratio = (80 + 130 + 215 + 1221) / 3300
Total debt to income ratio = 49.87%
Housing payments to income ratio = All insurances / Monthly income
Housing payments to income ratio = (1221) / 3300
Housing payments to income ratio = 37%
No, her ratio is greater than 37%
Answer:
c. debit to Manufacturing Overhead of $87,000
Explanation:
Account Titles and Explanation Debit Credit
Manufacturing overhead $87,000
Accounts payable $87,000
(Being manufacturing overhead incurred)
Therefore, journal entry for actual manufacturing overhead costs would include a debit to manufacturing overhead of $87,000.
Manufacturing overhead is debited with $87,000 to record actual manufacturing overhead.