Which of the following directly generates revenue for a business?

On January 1, 2021, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The

Setler [38]

Answer:

1. In 2021, Capitalized interest = $205,000

2. In 2022, Capitalized interest = $3,870,000

3. Total cost = $5,231,980

Explanation:

See the attached file for the calculation

3 0

3 years ago

Pat manages the customer care department of her firm. She is very happy with her team of 15 customer care representatives who'v

Serggg [28]

Answer:

Motivation

Explanation:

Motivation in work is when employees are incentivized due to their good performance, this happens when they provide the company a greater value. There are two kinds of motivation:

Internal: it includes emotions and thoughts, in the exercise given this internal motivation is letting the team know that they are doing good
External: includes salary and work environment, in the case given the bonuses are the external motivation

I hope you find this information is useful and interesting! Good luck!

3 0

2 years ago

Green Landscaping Inc. is preparing its budget for the first quarter of 2017. The next step in the budgeting process is to prepa

Agata [3.3K]

Answer:

a-1. Total cash collection for the Quarter Ending March 31, 2022 = $336,000

a-2. Total cash payment for the Quarter Ending March 31, 2022 = $43,400

b-1. Account receivable balance = $68,000

b-2. Account payable balance = $7,200

Explanation:

Note: This question is not complete and contains different dates (2017 and 2022). The complete question is therefore provided and 2022 is picked as the date before answering the question. See the attached pdf file for the complete question with 2022 as the date.

The explanation of the answer is now given as follows:

a-1. Schedule of expected cash collections from clients.

Note: See part a-1 of the attached excel file for the Schedule of expected cash collections from clients.

From the attached excel file, we have:

Total cash collection for the Quarter Ending March 31, 2022 = $336,000

a-2. Schedule of expected payments for landscaping supplies.

Note: See part a-2 of the attached excel file for the Schedule of expected payments for landscaping supplies.

From the attached excel file, we have:

Total cash payment for the Quarter Ending March 31, 2022 = $43,400

b. Determine the following balances at March 31, 2022:

b-1. Accounts receivable

Account receivable balance = ($120,000*10%) + ($140,000*40%) = $68,000

b-2. Accounts payable

Account payable balance = $18,000*40% = $7,200

Download xlsx

xlsx

pdf

3 0

2 years ago

In a SWOT analysis, potential internal weaknesses are harmful when they identify all key areas that require improvement. Weaknes

MissTica

Answer:

That statement is true.

Explanation:

"Key areas" of the business refers to business activities that directly related in core business operation. These activities are the one with most influence in determining how much products the companies able to sell to the consumers.

Internal weakness in SWOT analysis refers to consist of the things from within the company that can create some sort of damage to the company's operation if not taken care of.

Leaving internal weakness unfixed with heavily damage the productivity of company. Not only that, it could also damage the market's perception toward the company. When the customers have completely lost faith in the quality of company's product, there is almost nothing the company can do to fix it.

5 0

3 years ago

Read 2 more answers

Identify the uses of generally accepted accounting principles (GAAP). A. Independent accountants use GAAP to determine the amoun

lora16 [44]

Answer:

The correct option is;

B. Companies use GAAP when preparing financial statements

Explanation:

Generally Accepted Accounting Principles (GAAP) are the guidelines with regards to the standards, principles, practices and procedures of financial statement compilation by accountants issued by the Financial Accounting Standards Board (FASB). It is a requirement that all publicly quoted companies make use of GAAP for their financial compilation.

GAAP comprises of the generally accepted accounting records reporting and recording methods as well as policy board standards of accounting procedures.

7 0

3 years ago