<span>She can expect a linear growth (slow but steady) in her investment. Michelle's interest in a simple interest investment is the amount she accrued on deposits with a certain interest rate. It is based on the original sum of money known as the "principal" which she invested. When someone make a payment on a simple interest loan, the payment goes through that month's interest, and the remainder goes toward the principal. Each month's interest is paid in full so it never accrues-- compounding doesn't occur. There is a big difference in the amount of interest payable on a loan if interest is calculated on a compound rather than on a simple basis which is what simple interest entails and this is why simple interest doesn't accrue as much as compounding your interest since the Interest is calculated only on the principal amount.</span>
Answer:
$16,500
Explanation:
Straight line method of depreciation charges the same amount of depreciation on the asset over its useful life.
Depreciation Charge = Cost - Salvage Value / Number of Useful Life
<u>Component Approach</u>
Considers the depreciation charges separately of different components that make up total asset due to difference in number of useful life.
Warehouse :
Depreciation Charge = ($280,000 - $50,000) / 20 years
= $11,500
(HVAC) system :
Depreciation Charge = $50,000 / 10 years
= $5,000
Depreciation : First Year = Depreciation charge for Warehouse + Depreciation charge for (HVAC) system
=$11,500 + $5,000
=$16,500
<span>Communication is the core leader competency in which you determine information sharing strategies.
Through communication, a leader could convey the goals of the organizations and motivate all members of the group to give their best in order to achieve those goals</span>
Answer:
July 1
Trade Receivable - Waegelein Inc $15,300 (debit)
Revenue $15,300 (credit)
July 8
Revenue $3,500 (debit)
Trade Receivable - Waegelein Inc $3,500 (credit)
July 1 1
J1
Discount Allowed $236 (debit)
Trade Receivable - Waegelein Inc $236 (credit)
J2
Cash $11,564 (debit)
Trade Receivable - Waegelein Inc $11,564 (credit)
Explanation:
July 1
Recognise Revenue and Asset -Trade Receivable
July 8
De-recognise Revenue and de-recognise asset -Trade Receivable
July 1
Payment is within the range of discount period of 10 days
J1
Recognise Discount Allowed Expense and De-recognise the Asset -Trade Receivable
J2
Recognise the Cash on receipt of payment less discount allowed and de-recognise Asset -Trade Receivable