<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note:
1.Debit Accounts Payable $24,000
2.credit Notes Payable $24,000.</span>
The oldest McDonald's restaurant<span> still open is a drive-up hamburger </span><span>in </span>Downey, California<span>. It was the second ever </span>McDonald's<span> restaurant and opened on August 18, 1953.</span>
Answer:
The correct answer is B: $5,600
Explanation:
Giving the following information:
Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.
Double-declining balance method= Netbook value* (2/useful life in years)
Year 1:
Double-declining balance method= (40000-5000)*(2/10)= $7000
Year 2:
Double-declining balance method= (35000-7000)*0.20= $5,600
Answer:
Create an action plan
Explanation:
According to the situation, the company is in the phase of developing an action plan to counter the situation at hand.
They are only done with developing research plan and and creating objectives because that is how they gathered the data on the local competitor who is selling the same toy, but cheaper.
Now, it is time for them to develop an action plan. Once they have implemented the plan, they can go ahead and analyse and interpret the results of the study.
