Answer:
c. $1,936,170
Explanation:
Additional assets required to support this sales growth = Growth * Total assets
Additional assets required = 19% * $490,000
Additional assets required = $93,100
Sales at 100% capacity = $1,820,000 / 94%
Sales at 100% capacity = $1,820,000 / 0.94
Sales at 100% capacity = $1,936,170.21
Answer and Explanation:
The Journal entries are shown below:-
1. Cash Dr, $600,000
To Bonds Payable $600,000
(Being Bonds issued is recorded)
Here we debited the cash as increased the assets and we credited the bonds payable as it also increased the liabilities
2. Interest Expense Dr, $21,000 ($600000 × 7% × 6 ÷ 12)
To Cash $21,000
(Being first semi annual interest paid is recorded)
Here we debited the interest expenses as it increased the expenses and we credited the cash as it decreased the assets
3. Interest Expense Dr, $21,000 ($600,000 × 7% × 6 ÷ 12)
To Cash $21,000
(Being second semi annual interest paid is recorded)
Here we debited the interest expenses as it increased the expenses and we credited the cash as it decreased the assets
Answer: New harvesting equipment for the farm
Answer:
Strategic planning
Explanation:
Strategic planning is defined as the process by which a business outlines direction and strategy. It also involves decision on how the business will allocate it's resources to achieve its strategic goals.
Strategic plan involves formulation of mission, vision, and plan of action that will make the business achieve set goals.
In this scenario top management of Wisniewski Automobile Parts Inc. has decided that the company's objective for the next two years will be to expand the overall business internationally. This is the strategic plan of the business for the next two years
Answer:
$604,000
Explanation:
Given that,
Opening Closing
Inventory $112,000 $133,000
Accounts payable $55,000 $64,000
Cost of goods sold = $592,000
Cost of goods sold = Opening stock + Purchases - Closing stock
Purchases = Cost of goods sold - Opening stock + Closing stock
= $592,000 - $112,000 + $133,000
= $613,000
Bramble’s 2017 cash payments to suppliers:
= Opening accounts payable + Purchases - Closing accounts payable
= $55,000 + $613,000 - $64,000
= $604,000
