The gross method of recording the sale is recording an account
at its original price no deductions of the cash discounts offered.
Perpetual Inventory system bring up-to-date the inventory accounts
when there is an acquisition or sale.
The journal entry would be:
Debit:
Accounts receivable 7,800
Cost of goods sold 4,500
Credit:
Sales 7,800
Merchandise inventory 4,500
Answer:
Extension proposals are not rare because of the buyer's perspective of bridging finance as well as the explanations for both the requirements can indeed be broad. The much more common explanations are.
Explanation:
- It has required longer than planned to secure planning approvals.
- When a transaction has been negotiated, the borrower awaits an exchange of contracts.
- Additional resources as well as time are needed by the creditor to accomplish his project.
- Refurbishment analysis was suddenly postponed.
- Before actually refinancing the debt, the creditor waits for something like a new lender to conclude his thorough research.
- Throughout the final moment, the buyer of the creditor's property backs out, causing the borrower to bring the estate back into the marketplace.
- Throughout the last minute, the previous buyer refinancing the property backs out, obliging the creditor to find some mortgage company.
Answer:
<u><em>15.63%</em></u>
Explanation:
The answer is simply calculated by putting a simple formula in place.
The formula is, P = D/(r-g)
Hence, applying the formula, we have the following values,
P: 40 , D: 4.25 , g: 0.05 & r: ?
Step 1: 40 = 4.25/(r-0.05)
Step 2: r = (4.25/40)+0.05
Hence the cost of equity is = 15.63%
Thankyou.
Answer:
D) workshops involving business games and simulations
Explanation:
Employee development is is important because it helps to retain key employees, meet the challenges of competition, incorporate technological advances and improve overall employee performance.
Employee development usually involves four different approaches:
- formal education: generally includes off-site or on-site education programs that are specifically designed for the company's employees and are dictated by consultants or universities, e.g. short term courses
- assessment
- job experiences
- interpersonal relationships
Answer:
See explanation section.
Explanation:
The journal entry to record the failure of paying note receivable which is dishonored by pope, is as follows:
December 1, Accounts receivable Debit $10,500
Notes receivable Credit $10,000
Interest receivable Credit $500
Calculation: Interest receivable = $10,000 × 10% = 1,000 × 6 ÷ 12 = $500
If a customer pays the bill later, a new interest will have to pay to the seller.
