Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $3,000
To Interest payable A/c $3,000
(Being interest is recorded)
The computation of the interest expense is shown below:
= Principal × rate of interest × number of months ÷ total number of months in a year
= $125,000 × 6% × (4 months ÷ 12 months)
= $2,500
The four-month is calculated from the September 1 to December 31
Answer: See explanation
Explanation:
The retained earnings will be calculated as:
= Begining retainers earnings + Net income - Dividend.
Year 1:
Retained earning = 0 + 2000 - 1700
= 300.
Year 2:
Retained earning = 300 + 2600 - 1600
= 1300
Year 3:
Retained earning = 1300 + 2600 - 2200
= 1700
Year 4:
Retained earning = 1700 + 5900 - 2900
= 4700
Year 5:
Retained earning = 4700 + 8800 - 3100
= 10400
Answer:
Core components
Explanation:
In the product component model, the core component is the area concerned with what satisfies the needs and wants of customers.
If a company wishes to meet local differences in five foreign markets like un the question stated above, the core components contains what the customers in each of those five foreign markets are interested in.
The core components vary between markets. Market A, may like the color of the product in red and market B may like the color of the product in blue. So identifying these things and satisfying the needs of the customers would be done in the core component.
Explanation:
It is necessary for companies to develop a strategic business plan, which contains the action plans necessary for an organization to achieve its objectives and goals.
The organization's strategic planning will comprise long-term objectives, including the company's guidelines, its mission, vision and values, the analysis of internal and external environments, and action plans, which will help the company to be well positioned, profitable and competitive in the market.
Answer:
Governance Form.
Explanation:
The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.