The answer is false.
A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.
Answer:
$4,068
Explanation:
Margret's monthly rent = $297
Monthly electricity costs = $42
Her costs per year will be
= ($297 x 12) + ( $42 x 12)
=$3,564 + $504
=$4,068
Answer:
Jack holds an ownership interest of 59% and Teresa holds an ownership interest of 41% in the J and T Partnership. This year, in order to further develop the business, Jack contributes an additional $ 7,200 and Teresa contributes an additional $ 2, 900 to the partnership. Which of the following is true of this scenario - the $7,200 by Jack and $2,900 by Teresa will be recorded as an individual contribution - option A
Explanation:
Based on the information given by the question, there would be an addition to Jack and Teresa's capital, since the individual contribution is being done by jack and teresa.
Therefore, the $7,200 by Jack and $2,900 by Teresa will be recorded as an individual contribution - option A.
Answer and Explanation:
Cash $940,900
Sales Revenue 940,900
To record Sales
Warranty Expense 122,010
Warranty Liability 122,010
To record estimated warranty
Warranty Liability 74,460
Inventory 74,460
To record warranty claims
Warranty Liability account (122010 - 74460) = 47550
Answer:
Interest expense $80
Explanation:
the journal entry to record the issuance of the note:
December 1, 202x, note issued in replacement of account payable
Dr Accounts payable 24,000
Cr Notes payable 24,000
the journal entry to record accrued interests payable is:
December 31, 202x, accrued interests payable
Dr Interest expense 80
Cr Interests payable 80
Interest expense = $24,000 x 4% x 1/12 = $80
