Answer:
$14,400
Explanation:
The computation of the net operating income in the planning budget is shown below:
= Total revenue - total fixed cost - total variable cost
= (4,800 × $31.30) - $21,600 - (4,800 × $23.80)
= $150,240 - $21,600 - $114,240
= $14,400
The answer is <span>ROI
If the manager is evaluated based on Return on Investment, that manager will be very likely to reject every projeccts which return is below a certain departement standard no matter if that project is profitable for the company in the fear of being replaced by those who show better numbers.</span>
Answer:
C) credit to Note Payable of $1,000,000
Explanation:
The complete journal records for November 1, 2018 are:
- Dr Cash account 100,000
- Cr Notes Payable account 100,000
The company received $100,000 in cash. Since cash is an asset and it increased when the bonds were issued, it should be debited.
The company has to pay a note worth $100,000. Since notes payable is a liability and it increased when the bonds were issued, it should be credited.
