Answer:
Cash account balance $5,680
- bank service fees ($47)
- NSF check ($190)
+ customer's note receivable $560
<u>+ interest earned $66 </u>
adjusted cash account balance $6,069
Dr Bank fees expense 47
Cr Cash 47
Dr Accounts receivable 190
Cr Cash 190
Dr Cash 560
Cr Notes receivable 560
Dr Cash 66
Cr Interest revenue 66
the correct answer is (e) which is all of the above.
Explanation: Customers are king, their satisfaction is the ultimate goal for a business. Unsatisfied customer are difficult to retain as well, hence, their problems must always be welcomed and solved. It also aware the firm or give an idea about what needs to be changed or added. Negative word of mouth is also prevented. Its a chance for an organization to convert dissatisfied customer into highly satisfied customers and chances of retention increases as well.
Answer: $7,500
Explanation:
In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.
Starting off we will calculate the amount of savings they will make by using the new machine,
= $12,000 x 5 years
= $60,000
Calculating the Incremental income therefore we have,
= 60,000 + 60,000(from selling old machine) - 112,500 (cost of new machine)
= $7,500
The incremental income of buying the new machine is $7,500.
If you need any clarification do comment.
Exactly, when someone buys an insurance policy that person is making sure that whatever happens to him/her, there is the policy to compensate for something that will be lost. He/she is transferring the risk away and pass it on to the insurance company for safekeeping.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
