Answer: Option to abandon
Explanation:
If the Turner industries started a new project for a period of about three months and the sales are less than expected, the company management would most likely want to abandon the project. This is as result of the new branch not being able to meet up with the target that was expected from the management at the headquarters.
Answer:
Explanation:
Interest expense refers to charges paid for borrowing money. It is the money that a lender charges borrower for borrowing money from him. In the income statement, it represents interest to be paid on borrowings such as bonds, loans, convertible debt or lines of credit. It is calculated as product of the interest rate times the outstanding principal amount of the debt.
Given that:
Moonbooks received $79,380 = principal amount of debt (P)
The interest rate (r) = 8% annually = 0.08.
Interest expense payable for 2018 (first year) = P × r = $79380 × 0.08 = $6350
For the second year i.e 2019 The principal amount of debt = $79380 + $6360 = $85730
Interest expense payable for 2019 (second year) = P × r = $85730 × 0.08 = $6858
Identifying the present human resources that are accessible inside the organization will be the first phase of the forecast.
<h3>What does the word "organization" mean exactly?</h3>
a general phrase used to describe any kind of formal or informal association between people. Any sort of political and civil association of individuals is considered an organization, along with a business, a government, a partnership, etc. An organization's main objective is to comprehend and efficiently manage the business.
<h3>What three types of organizations are there?</h3>
The organizational structures utilized by the majority of businesses today can be categorized into three types: functional, departmental, and matrix. Before choosing which of these forms to use for their firm, owners must weigh the benefits and drawbacks of each.
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Answer: The answer would be a interrogation
Explanation:
Answer:
The entries are as follows
To record estimated returns on Sales
Debit: Sales Refund Payable Account $131,400
Credit: Accounts Receivables $131,400
To record estimated Cost of Sales returns
Debit: Inventory Returns Estimated Account $77,700
Credit: Inventory on Sales on Returns $77,700
Explanation:
To derive the figure for Sales Refund payable for the year
6% of $2,190,000
= = $131,400
To derive the figure for Inventory cost on Sales Refund payable for the year
6% of $1,295,000
= = $77,700