An <span>incompressible fluid is a fluid that retains the same density and volume regardless of any amount of pressure placed on it; it is not compressible at all. </span>
Answer:
False
Explanation:
Process costing systems are usually applied by companies that mass produce large volumes of standardized or nearly identical units on a continuous basis. It is not applied in the manufacturing of customized units.
The main advantages of process costing systems are that they are more flexible when management wants to introduce changes to the production process, and it can be used by management to determine which processes or materials can be targeted in order to lower costs.
Quebec could not legally secede.
Answer:
Notes payable; $10,000
Explanation:
Given that,
Borrowing amount = $10,000
Time period = 60 day
Interest rate = 8%
On the due date of the note, avers co. paid the amount.
Therefore, this entry would be recorded by Avers with a debit to Notes payable with an amount of $10,000.
Interest amount = $10,000 × (60 ÷ 360) × 0.08
= $10,000 × 0.17 × 0.08
= $136
(Note: Assuming 360 days in a year)
Therefore, the Journal entry is as follows:
Notes payable A/c Dr. $10,000
Interest Expense A/c Dr. $136
To cash $10,136
(To record Avers pays the amount due in full)
