Answer:
B. $42,000
Explanation:
Trade receivables refers total amounts that customers of a company are owing the company for goods or services sold to them.
For Michael Co., this can be calculated as follows:
Michael's total trade receivables = 3-month note due from Michael's main customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales
Therefore, we have:
Michael's total trade receivables = $12,000 + $19,000 + 11,000 = $42,000.
Therefore, Michael's total trade receivables is $42,000.
 
        
             
        
        
        
Answer and Explanation:
1. Interest Revenue $23,000  
  Sales Revenue $510,000  
               To Income Summary $533000
(Being closing of revenues accounts are closed)
2. Income Summary $453,000
   To Sales returns $20,000
       To Sales Discounts  $7,000
      To Cost Of goods sold $310,000
      To Freight out	$2,000
       To Advertise Exp $15,000
       To Interest Exp  $19,000
       To Salaries & Wages $55,000
       To Utility  $18,000
       To Depreciation $7,000
(Being closing of expenses accounts are closed)
3. Income Summary $80,000
       To Retained Earning $80,000
(Being profit is recorded)
4. Retained Earning $30,000
         To Dividends  $30,000
(Being closing of dividend is recorded)
 
        
             
        
        
        
An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.
A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.
        
             
        
        
        
Answer:
team
Explanation:
Using a <em>team </em>of employees for tasks that are cross-department  based is a better solution than letting each individual work on a task and just ask other departments for reference and help if needed. When working on important projects such as this one, the most efficient way is to put employees from the tackled departments into one team. This way, communication and collaboration is vastly improved.