Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
<h3>What is Partnership?</h3>
This refers to the arrangement where parties, known as business partners, agree to cooperate for a mutual benefit.
Hence, we can see that Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
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Answer:
A)To increase total invested capital
Explanation:
Inventory is a current asset. Current assets are part of a company's equity, but it's not their main function.
The other 3 answers refer specifically to functions of inventory.
Answer:
The accrued interest is $2,520
Explanation:
The computation of accrued interest is shown below:
= (Notes payable amount) × (interest rate) × (number of months ÷ total number of months in a year)
= ($42,000) × (8%) × (9 months ÷ 12 months)
= $2,520
The 9 months is computed from April 1, 2016, to December 31, 2016
. Moreover, all the item values are to be considered in the computation part.
Bank account is opened in bank to save/ deposit money and generate interest from it. Jana should choose account b.
<h3>What is a bank account?</h3>
It is an account in bank where money deposited, and it can be withdrawn by check or passbook and bank gives interest on deposit. A bank provides Current, Savings, Fixed Deposit Accounts, Recurring Deposits facilities.
It is better for Jana to choose account b as the minimun balance required is $250, and it charges 0 for ABC bank ATMs and check writing limit is more, i.e. 12/ month.
Therefore, Jana should choose account b.
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Answer:
The question is <em>"Record the transactions on April 1 and April 10. View transaction list Journal entry worksheet Record the sale on April 1."</em>
Date Account Title and Explanation Debit Credit
April 1 Account receivables $7,000
Sales revenue $7,000
April 10. Cash ($7,000*98%) $6,860
Sales discount ($7,000*2%) $140
Account receivables $7,000