Answer:
Notes Payable, $10,000
Explanation:
The journal entry when the amount is borrowed is as:
On January 1
Cash A/c.........................Dr $10,000
Notes Payable A/c......Cr $10,000
Being amount borrowed from bank by signing the note
The journal entry which is to be recorded when made payment in full
On March 1
Notes Payable A/c...............................Dr $10,000
Interest A/c............................................Dr $133
Cash A/c..................................................Cr $10,133
Being the amount paid in full
Working Note:
Interest = Amount borrowed × 8% × Days / Number of days
= $10,000 × 8% × 60/365
= $133
Answer:
$1,050 favorable
Explanation:
The computation of the fixed overhead budget variance is shown below:
= Actual fixed overhead - budgeted fixed overhead
where,
Budgeted fixed overhead is
= $3.75 × 1,400 units
= $5,250
And, the actual fixed overhead is $4,200
So, the fixed overhead budget variance is
= $4,200 - $5,250
= $1,050 favorable
Since the budgeted fixed overhead is more than the actual one so it would be favorable
Answer:
e. none of the above.
Explanation:
Based on the scenario being described within the question it can be said that your net profit per unit is none of the above. This is because since you are selling and the exercise price was set at $0.86 then the price lowering to 0.78 means that you sold at a much higher price than market value, which leads to about 0.08 profit per unit.
Answer:
The answer is $801,900
Explanation:
Cash received from customers is a line item under operating activities in the cash flow. It is the total amount of money collected from customers for the period.
Cash received from customers equals sales plus decrease in accounts receivable.
Sales = $753,500
Decrease in accounts receivable = $48,400.
Therefore, Cash received from customers = $753,500 + $48,400
$801,900
<span>politely seek additional information by saying, I'm not sure that you really want to stay late. Do you have somewhere you need to be
When Stephen slams his desk drawer following him agreeing to work late when his manager asked, the manager should politely talk to him in order to get further information. The best way would be to state that the manager is feeling that Stephen doesn't really want to stay late, is there something Stephen needs to be doing?</span>
