Answer:
after yopu record the transaction using the double entry sysem, then you must identify the category which these balances belong to such as Assets, expenses, Liabilities, Income or Equity.
It is only after this identification we can apply these to calculate the overal financial productivity of the organization or the profit. because then we can identify the effect these balances have upon the profit!
Explanation:
Answer:
d. $1,876,306.49
Explanation:
As for the provided information,
Total funds needed at end of 4.5 years = $2.2 million
For this current savings are to be invested on a compound interest, where the rate of interest = 3.6%
Compounding period = Annually.
Therefore, future value factor of $1 after 4.5 years @ 3.6% = 1.1726997
The value of $2.2 million as on date = 
= $1,876,306.49
Therefore, the correct answer is
Option d.
<em>It can be </em><em>challenging to define and apply the term "new" </em><em>to items. One can consider it from an</em><em> organizational, consumer, or even legal standpo</em>int.
<h3>The meaning of "new product"</h3>
"New products" can include items that have never been produced or sold by your company previously but have been introduced to the market by others. new product innovations developed and released to the market. They could be wholly original works or previously released works that you have improved and updated.
<h3>What is a new to the company product?</h3>
Products that are new to the company, meaning that while other companies may have created or sold them before, the company has never done so. Products that have just entered the market and have never before been available there
learn more about new to the company product here <u>brainly.com/question/14094175</u>
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Answer:
Budgeted production in January 2,910 units
Explanation:
Calculation for the budgeted production units for January
Using this formula
Budgeted production in January= Budgeted sales + Desired ending inventory - Beginning inventory available
Let plug in the formula
Budgeted production in January=2,800 + (3,900*10%) - 280
Budgeted production in January=$2,800+$390-280
Budgeted production in January= 2,910 units
Therefore the Budgeted production in units for January are: 2,910 units
Answer:
The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.
The company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. At the end of a period, if required adjusting entry, the adjusting entry:
Debit Interest expense and Credit Interest Payable
