<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note:
1.Debit Accounts Payable $24,000
2.credit Notes Payable $24,000.</span>
Answer:
c. debit Manufacturing Overhead, $6,000; credit Accounts Payable, $6,000
Explanation:
The journal to record indirect labor utilized of $6,000 will include a Debit to an Expense Account - Manufacturing Overhead and a Credit to Liability Account - Accounts Payable at the value of $6,000.
Answer:
Check the following explanations
Explanation:
The Federal Reserve is responsible for making monitory policies in the US. When the interest rates are increased by the Fed Reserve it lead's to cascading effects in the economy as a whole, it lead to :-
- Increased cost of borrowings, which reduces investments.
- Higher mortagage interest payments, leading to reduced usage, fall in the house prices.
- Increased Returns on Savings, leading to less expenditure and high saving behaviour of the people.
- Currency Appreciation, due to increased demand of local currency at the international market.
- Higher Government Debt Intererst Payments.
It is true that the narrative pattern of organization is particularly effective when addressing a sympathetic audience.
The narrative pattern refers to the fact that you are organizing your speech or writing around a particular story that you want to tell. You want your audience to perhaps learn something from your story, to get your message, and it will be particularly successful if your audience is a sympathetic one.
Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.
