When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability
Answer:
Find below complete question:
Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, 2-month note for the remaining balance. The truck is expected to depreciate $6,000 each year. Janus Coat Company prepares monthly financial statements. Instructions:
(a) Prepare the general journal entry to record the acquisition of the delivery truck on June 1st. (b) Prepare any adjusting journal entries that should be made on June 30th. (c) Show how the delivery truck will be reflected on Janus Coat Company's balance sheet on June 30th.
Dr Truck $30,000
Cr Cash $10,000
Cr notes payable $20,000
Dr depreciation expense $500
Cr accumulated depreciation $500
Dr interest expense $100
Cr interest payable $100
Balance sheet extract on 30th June"
Delivery truck $30,000
Accumulated depreciation ($500)
Net book value $29,500
Explanation:
The journal entry to record the purchase of the truck would have $30,000 debited to truck account while cash and notes payable are credited with $10,000 and $20,000 respectively.
On 30 June depreciation expense =$6000/12=$500
Interest of one month on the note payable on 30th June=$20,000*6%*1/12=$100
<span>Let us assume Toni made 100 apple pies in 10 hours, that means 10/hour.
Now, with help of assistant she produces 60% more and work for 20% less time.
So,
[100+(60% of 100)] = 160 apple pies produced in [10-(20% of 10)]= 8 hours.
160/8 = 20/hour
So, with the help of assistant Toni's output of apple pies per hour increases by 100%.</span>
Answer:
a. I only
Explanation:
The Federal Reserve System or FED is the central bank of the United States that was created on december 23, 1913. Prior to the bank panic in 1907, congress men were motivated for renew demands for banking and to do a currency reform.
The Great Depression that last from 1929 to 1939 and the loan crisis of the 1980´s were events that took place after the FED creation, then they could not contribute to its foundation.
