Answer:
Following would be the journal entries in the books of Elizabeth Procter,
On July 1, 2013.
Notes Receivable A/C Dr. $80,000
To Equipment A/C $80,000
(Being equipment sold against notes receivable being recorded)
On June 30, 2014
Notes Receivable A/C Dr. 9600
To Interest Revenue A/C 9600
(Being accrued interest on notes receivable recorded)
On Sept 2014,
Cash A/C Dr. 92,000
To Notes Receivable A/C $80,000
To Interest Receivable A/C $9600
To Interest Revenue A/C $2400
(Being notes receivable and interest received receipt being recorded)
Interest Revenue refers to the income which has been earned as on a date.
Interest Receivable refers to the income which has not been received and which has been outstanding.
Answer:
Processes
Explanation:
The process is a general term that is used in all fields of human endeavor including business operations to defined a form of set instructions or connected actions that seeks to derive or eventually get a mutual goal at the end. In the business world, it is called Business Process.
Hence, Collections of related activities intended to achieve a common purpose are called PROCESSES
Answer:
Total relevant cost = $143,288
Explanation:
In a make-or buy decision , to determine the optimal course of action we compare the purchase cost of the component from the external market to the relevant variable cost of internal production. Where the relevant cost of in-house production is less than the external price, the company should produce internally and vice versa
Differential cost per unit = 16 - 12 = $4
Total relevant cost = $4× 35,822 = $143,288
Total relevant cost = $143,288
Note the fixed cost of $10 per unit is exclude because it is not relevant ; it would be incurred either way
The athletic trainer must be aware of and adhere of an athletic care facility as dictated by occupational safety and health administration or as called as OSHA with the occupational safety and health act of 1970, congress made the occupational safety and health administration to reassure not dangerous and healthful operational conditions for working men and women by setting and administering principles and by providing training, outreach, education and assistance.
Answer:
13.44%
Explanation:
Debt to total assets = Total Debt / Total Assets
45% = Total debt / $230,000
Total Debt = $230,000 x 45% = $103,500
As we know
Assets = debt + Equity
$230,000 = $103,500 + Equity
Equity = $230,000 - $103,500 = $126,500
Return on Equity is the measure of financial performance which can be calculated by dividing net income for the year by total shareholder's equity.
Return on equity = Net income for the year / Shareholders equity
ROE = $17,000 / $126,500 = 0.1344 = 13.44%
