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3 years ago

Which it visionary and ceo revolutionized how we communicate with his company named after a fruit?

1 answer:

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Steven P. Jobs, the visionary co-founder of Apple who helped usher in the era of personal computers and then led a cultural transformation in the way music, movies and mobile communications were experienced in the digital age, died Wednesday. He was 56. The death was announced by Apple, the company Mr.

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What is an example of the kinds of choices that person might have to make because of scarcity?

Nostrana [21]

Answer: Sharing food their homes giving out water and helping the sick as best as they can.

Explanation:

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3 years ago

On January 1, 2021, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jam

Bezzdna [24]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Annual interest rate = 4% (Semi annual is 2%)

Lease period = 2 years (4 semi annual lease terms)

Present value of periodic lease payment = Lease payment × PVAF (r,n)

= $40,000 × PVAF (2%,4)

= $40,000 × 3.8077

= $152,308

1. Right of use asset Dr, $152,308

To Lease payable $152,308

(Being Beginning of lease is recorded)

2. Interest expenses Dr, $3,046

(2% × ($152,308 - 0))

Lease payable Dr, $36,954

To cash $40,000

(Being lease and interest payment is recorded)

3. Amortization expense Dr, $36,954

($40,000 - $3,046)

To right of use assets $36,954

(Being amortization on the right to use of assets is recorded)

4. Interest expense Dr, $2,307

(($152,308 - $36,954) × 2%)

Lease payable Dr, $37,693

To Cash $40,000

(Being lease and interest payment is recorded)

5. Amortization expense Dr, $37,693

($40,000 - $2,307)

To right of use assets $37,693

(Being amortization on the right use assets is recorded)

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4 years ago

Listed below are five procedures followed by Eikenberry Company.

pochemuha

Answer:

1. Several individuals operate the cash register using the same register drawer. Weak Internal Control. Establishment of Responsibility Internal control violated.

Having many individuals have access to the cash register can lead to theft. Establishment of Responsibility is an internal control that calls for the minimal amount of people being able to do one task. This way issues can be traced faster.

2 .A monthly bank reconciliation is prepared by someone who has no other cash responsibilities. Good Internal Control. Independent Internal Verification control followed.

Independent Verification occurs when a person who is an employee of a company but not related to a task, audits that task to find out if any irregularities are present. It ensures unbiased review.

3. Joe Cockrell writes checks and also records cash payment journal entries. Weak Internal Control. Segregation of Duties Internal control violated.

Segregation of duty calls for the division of a job process into tasks that different people are to accomplish especially in relation to cash. It can help avoid fraud because people will not be able to approve payments for themselves which is what Joe Cockrell can do in this scenario. Joe can withdraw and decide not to record it.

4 .One individual orders inventory, while a different individual authorizes payments. Good Internal Control. Segregation of Duties Internal control followed.

Segregation of duty calls for the division of a job process into tasks that different people are to accomplish especially in relation to cash. By having one individual order inventory and the other authorizing payments, fraud can be better avoided.

5 .Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording. Weak Internal Control. Documentation Procedures Internal control violated.

Documentation procedures in a company ensure that the paper trail is efficiently recorded so that transactions can be followed up speedily. By sending unnumbered sales invoices to the Accounting department as well as taking so long to do so, the company is running an inefficient documentation process that will make tracking transactions more difficult.

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3 years ago

A manager responsible for facilitating the exchange of products between an organization and its customers through activities suc

Tpy6a [65]

Answer:

marketing manager

Explanation:

Marketing refers to all the activities that a company performs to convince customers to buy its products. They are the actions undertaken by a company to promote buying of its goods and services. These activities include advertising, sales promotions, direct sales, and product delivery to customers and other businesses.

The marketing manager is the senior officer responsible for the marketing functions of a company. He or she is the leader of the marketing department and coordinates everyday activities in that section. The marketing manager balances and selects the most efficient channel of promoting company products such as TV advertising, print media, or digital marketing.

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3 years ago

A bank agrees to lend via simple loan $100 today to Thomas. The agreement is based on that the yearly interest rate is 15%. If T

Ede4ka [16]

Answer:

$404,55 (cumulative) or $250 (american)

Explanation:

This explanation considers a cumulative interest rate in the simplest way. And american amortization system. Consider that there is also French and German systems which works differently depending on the way the loan reimbursed

Cummulative Interest Rate:

Consider this:

If Thomas had to return it in one year he would have to return $115 ($100+15%) which is equal to 100*(1+0.15)

Now, at the begining of the second year, his debt is $115, and at the end its $115+15% = 132,25. Which is equal 100*(1+0.15)*(1+0.15), this is equivalent to 100*(1+0.15)^{2}

The general formula for cummulative interest is C(1+i)^{n}

Where

C = is the loan amount [in this case: 100]

i = is the interest rate [in this case: 0.15]

n = is the number of periods until [in this case: 10]

American System

The american system is quite straight forward:

Thomas should pay $15 every year for 10 years, and with the last payment he should pay $115.

This is because in this system Thomas returns the capital (the amount of the loan) at the end; and each year he only pays the interest .

$15*10 + $100 = $250

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3 years ago