Reference no: EM133135811
Question - Diego Company sells a wide range of goods through two retail stores operating in adjoining cities. Most purchases of goods for resale are on account. Occasionally, a short-term note payable is used to obtain cash for current use. The following transactions were selected from those occurring during 2021:
a. On January 10, 2021, purchased merchandise on credit, $38,750; the company uses a perpetual inventory system.
b. On March 1, 2021, borrowed $230,000 cash from the bank and signed an interest-bearing note payable at the end of one year, with an annual interest rate of 7 percent payable at maturity.
c. On April 5, 2021, sold merchandise on credit, $68,800; this amount included GST of $3,200 and PST of $5,000. The cost of sales represents 80 percent of the sales invoice.
Required - Indicate the accounts affected and the amounts of the financial statement effects of these transactions.
|
What would your account be worth
: If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years
|
|
Creating a successful effectiveness plan
: How does the importance of training and development play a factor in a small organization creating a successful effectiveness plan?
|
|
Development of a high-performance organization
: How would you use the talent management approaches discussed in this course to contribute to the development of a high-performance organization?
|
|
Embedded citizenship behavior measure productivity
: What is the connection between performance and citizenship behavior and how embedded citizenship behavior measure productivity?
|
|
Indicate the accounts affected and the amounts
: On January 10, 2021, purchased merchandise on credit, $38,750; Indicate the accounts affected and the amounts of the financial statement effects of transaction
|
|
Conduct a training needs analysis for employee
: Imagine you are the Marketing Manager of an FMCG company. Mention the company, its location, and its products.
|
|
Define work design
: Discuss the main traditional forms that a particular organization might structure itself around including their main advantages.
|
|
Compute the first production department cost of the units
: Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May
|
|
Why employees are considered companies biggest assets
: Explain why investment in human capital is important and why employees are considered companies' biggest assets?
|