Answer:
Dr Interest expense $4,000
Dr Notes payable $1,120
Explanation:
The $5,120 repaid comprised of both interest and principal repayments,hence there is need for the amount to be split into the two appropriate accounts.
The interest payable on the loan on yearly basis ,based on the outstanding loan balance of $50,000 is $4,000(8%*$50,000),hence the balance of $1,120($5,120-$4,000) represents the actual repayment of principal,as a result the notes payable account should be debited with $1,120.
Answer:
No silly! :)
Explanation:
Zero-based budgeting is a repeatable process that organizations use to rigorously review every dollar in the annual budget, manage financial performance on a monthly basis, and build a culture of cost management among all employees. Basically, all budgets must be justified for each monthly period.
Answer:
The correct answer that fills the gap is:<em> increased dramatically and is much greater. </em>
Explanation:
For politics, the cabinet is the set of ministers that make up a government. The cabinet, therefore, constitutes the Executive Power of a State. The concept may vary by country: for example, in Spain, the cabinet is an administrative body that supports a minister or a secretary of state.
Answer:
1. Product (Indirect); Factory Overhead; Conversion
2. Period Cost
3. Product (Indirect); Factory Overhead; Conversion
4. Period Cost
5. Period Cost
6. Product (Indirect); Overhead; Conversion
7. Product (Direct); Direct Labor; Prime and Conversion
Answer:
4099
Explanation:
we have mean = 4000
σ = 60 units
lets make X = weekly production
z = X-μ/σ
z = X-4000/60
At 0.05 level of signficance, z critical value = 1.645
we put this value into the equation
we cross multiply from here
60 * 1.645 = x - 4000
98.7 = x-4000
x = 4000 + 98.7
x = 4098.7
≈ 4099
the bonus would be paid on 4099 units
