Answer:
The computation is shown below:
Explanation:
The journal entries are shown below:
a. Account payable $70,000
            To Notes payable $70,000
(Being the issuance of the note is recorded)
b. Note payable $70,000
   Interest expense $1,575
               To Cash $71,575
(Being the payment of the note at maturity date including interest is recorded)
The computation is shown below:
= $70,000 × 9% × 90 days ÷ 360 days 
= $1,575
We assume 360 days in a year
Now the effects on the accounts and the financing statement for issuance of the note is shown below:
Balance sheet
Assets          =   Liabilities   + Stockholder equity    Income statement  cash flow statement 
No effect = Account payable - $52,000 + No effect  No effect + no effect
                    Note payable + $52,000      
 
        
             
        
        
        
Answer: 10.13%
Explanation:
The after-tax return on the preferred shares would be:
= After-tax return + Premium required
= (8.8% * (1 - 25%)) + 1%
= 7.6% 
For the preferred stock to be issued at par with the above after tax return:
= After tax return / ( 1 - tax)
= 7.6% ( 1 - 25%)
= 10.13%
 
        
             
        
        
        
Answer:
E. Purchasing inputs such as raw materials, resources, equipment and supplies
Explanation:
In business, <u>Procurement</u><u> </u>is the process of acquiring goods/services in order to support operational activities.
It includes all the aspects related to a purchase: price ( estimates, biddings ) , payment terms, good specifications, quality, delivery, volumes, etc.
 
        
             
        
        
        
Answer:
See below
Explanation:
Computation of estimated cash payment expense is seen below
Variable expenses
Sales in unit for August 4,000
Sales in unit September 4,000 × 110% = 4,400
Total variable expense 4,400 × $0.15 = $660 
Fixed expense per quarter
Salaries $5,000 × 3 = $15,000
Depreciation $1,500 × 3 = $4,500
Total = $19,500
Budget total = $20,160
Estimated cash payment = $20,160 - $4,500 = $15,660
 
        
             
        
        
        
Answer:   Option C  
             
Explanation: In simple words, 360-degree feedback refers to the feedback process in which an employee receives feedback from not just its superiors but from his or her peers, subordinates and customers also. Even sometimes self evaluation is also taken into consideration.
Such process provides a clear picture of how an employee perceives themselves and what is their image in the eyes of other related parties. These processes helps an individual employee to understand their strength and weaknesses and it also provides insight for their personal development.