Puppies :D
I can explain this because this is how or entire country should be ran. Puppies are answers to everything. Don't @ me. ;)
Answer:
Securities and exchange commison(SEC).
Explanation:
When a student acquired college degree in book keeping for four years, a certification as a certified public accountant (CPA) will increase his/her chances of getting job openings and also enable filing of reports with securities and exchange commission(SEC).
In order to be known as a CPA, one has to write and pass the examinations and get endorsed before being allowed to file reports with the commission.
Answer:
1) October 1 2015, Cash $39.2million Dr
Notes Payable $39.2million Cr
2) December 31, 2015 Interest expense $0.784million Dr
Interest Payable $0.784million Cr
3) September 30, 2016 Notes Payable $39.2million Dr
Interest Payable $0.784million Dr
Interest Expense $2.352million Dr
Cash $42.336million Cr
Explanation:
1.
When note is issued, liability is credit by the notes value and cash is credited.
2.
The adjusting entry is prepared 3 months after the note is issued so the 3 month's interest on note relates to 2015 and it should be recorded as expense and as it is payable at maturity so interest payable is credited.
3 month interest = 39.2 * 0.08 * 3/12 = 0.784million
3.
The note and interest will be payable that was accrued along with the remaining 9 months interest. Total interest is 39.2 * 0.08 = 3.136million
Answer:
80 dollars.
Explanation:
Opportunity cost is the cost of the next best option that was forgone when one alternative is chosen.
Lisa next best option is going out with a friend, which she values at 80 dollars.
I hope my answer helps you
Answer:
Total assets turnover = 1.2 times
Explanation:
Total assets turnover tells the efficiency of a firm's assets in generating revenue.
The formula for total assets turnover is net sales over average total assets.
Total assets turnover = Sales / average total assets
Total assets turnover = 3010 / 2510 = 1.199 or 1.2 times
