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3 years ago

Budgeted performance is a better criterion than past performance for judging managers." do you agree? why?

1 answer:

3 0

Not really, the budgeted performance is like an expectation of a work, which is still uncertain until the result comes, in other words, an opinion on a work; while the past performance was the fact, which came from the employee's work in the past few months. To judge the fact is better than an uncertain picture.

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On November 1, 2021, New Morning Bakery signed a $191,000, 6%, six-month note payable with the amount borrowed plus accrued inte

rosijanka [135]

Answer:

$196,730

Explanation:

The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:

$A =\$191,000*(1+(0.06*0.5))\\A=\$196,730$

The company will need to pay $196,730.

8 0

3 years ago

This information relates to Monty Real Estate Agency.

kotykmax [81]

Answer:

Journal Entries

Date Account Titles and Explanation Debit Credit

Oct. 1 Cash $34,040

Common Stock $34,040

(To record the cash is invested in the business)

Oct. 2 No Journal Entry $0

Oct. 3 Office Furniture $4,110

Accounts Payable $4,110

(To record the purchase of office furniture on account)

Oct. 6 Accounts Receivable $10,780

Service Revenue $10,780

(To record the services provided but cash is not yet collected)

Oct. 10 Cash $165

Service Revenue $165

(To record the services provided by cash)

Oct. 27 Accounts Payable $690

Cash $690

(To record the payment made on accounts payable

relating to office furniture)

Oct. 30 Salaries Expense $2,740

Cash $2,740

(To record the payment of salaries to the assistant)

3 0

3 years ago

When an account previously written off is collected in full, which is required to ensure the accounting for the complete payment

Lyrx [107]

When a bad debt is written off, the thing that should be fine is an entry to reinstate the account receivable and and entry to record payment.

A bad debt simply means an uncollectible account expense that's unlikely to be paid by a debtor.

When an account previously written off is collected in full, to ensure the accounting for the complete payment history of the customer, it's important to reinstate the account receivable and and entry to record payment.

Learn more about bad debt on:

brainly.com/question/24871617

4 0

3 years ago

Mount Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required 5 direct labor hours to c

Sophie [7]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Total cost = $8,600

Total units = 400 Units

Direct labor hour per unit = 5

Variable cost = $1.50

So, we can calculate the fixed cost by using following formula:

Fixed cost = Total cost - Total Direct labor cost

Where, Total direct labor cost = $1.50 × 5 × 400 = $3,000

By putting the value in the formula, we get

Fixed cost = $8,600 - $3,000

= $5,600

5 0

3 years ago

Bristlebird Corporation (E&P of $700,000) has 3,000 shares of common stock outstanding. Juan owns 1,500 shares and his wife,

Schach [20]

Answer:

The correct answer is

Juan has dividend income of $250,000.

good luck ❤

6 0

3 years ago

Budgeted performance is a better criterion than past performance for judging​ managers." do you​ agree? why?

Budgeted performance is a better criterion than past performance for judging managers." do you agree? why?