User Account

All Pages

Should Elephant delivery service record the interest payment

Assignment Help Managerial Accounting
Reference no: EM132993259

Question - Barry Bergan is the owner of Elephant delivery Service. Recently, Barry paid interest of 3000 on a personal loan of 40000 that he used to begin the business. Should Elephant delivery service record the interest payment? Explain.

Reference no: EM132993259

Questions Cloud

Prepare the journal entry to record accrued vacation pay : An employee has the following information for her pay for the week ending February 27, 2019. Prepare the journal entry to record accrued vacation pay
Did shifting business model create additional opportunities : Did shifting their business model create additional opportunities? If so, what are they? How close to the core business are the new trends?
What can be concluded from john and mary : OCI, whereas Mary decides to record the gain on her plan's revaluation into her company's net income. What can be concluded from this?
What is one-year forward rate expected on treasury bills : If the unbiased expectations theory of the term structure of interest rates is correct, what is the 1-year forward rate expected on Treasury bills
Should Elephant delivery service record the interest payment : Barry paid interest of 3000 on a personal loan of 40000 that he used to begin the business. Should Elephant delivery service record the interest payment
Determine the cost assigned to ending inventory using fifo : Salmone Company reported the purchases and sales. Determine the cost assigned to the ending inventory using FIFO. Salmone uses a perpetual inventory system.
Discuss the influence of those rules on auditor independence : Discuss the influence of those rules on auditor independence? Discuss the impact of those rules on the auditing business filed
What is net profit earned by Rose Ltd in the month of May : Rose Ltd was set up on 1 May 20X8 with opening capital of £1,000. What is the net profit earned by Rose Ltd in the month of May 20X8
How a child process gets its environment variables : How a child process gets its environment variables from its parent. In Unix, fork() creates a new process by duplicating the calling process.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Why would responsible for the budget setting process need

Do you think that there is a danger that forcing managers to work towards predetermined targets will stifle their skill, flair and enthusiasm?

  What was the week labor efficiency variance

What was the week's labor efficiency variance? Based on the standards, each and every manicure should take 1/2 hour (30 minutes)

  Which statements does not apply to a decision tree analysis

Which statements does not apply to a decision tree analysis? the branches emanate from a node from left to right./ all of the events are mutually exclusive

  Distinguish between these different types of costs

Discuss the key differences between variable costs, fixed costs, and mixed costs and provide an example of each of these types of costs.

  Make a record or journalize all transactions

On Jan 1, 2017 PT Bro had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred. Make Record or journalize all transaction.

  Which are true statements about managerial approaches

Find which are true statements about the financial and managerial approaches to profit? The financial approach contains the gross margin measure.

  What was the number of equivalent units of direct materials

600 units were 30% completed at the end of the period, what was the number of equivalent units of Direct Materials for the period using FIFO?

  How many cars should be produced in june

How many cars should be produced in June? Anticipated car sales for Yugo in the following months is planned to be: May 10,800 units, June 13,600

  Draw a scatter diagram of crsl customers

Draw a scatter diagram of CRSL customers and staff costs and mark the relevant range and high-low method to estimate the behaviour of CRSL staff cost based on customer numbers within the relevant range. Use an equation to express the results of thi..

  What is the segment margin for the motor division

The Motor Division of Farrow Industries reports the following information:Contribution margin = $2,300,000. What is the segment margin for the Motor Division

  Prepare the consolidated accounts for the big company ltd

Prepare the consolidated accounts for The Big Company Ltd and The Little Company Ltd as at 30 June 2015.

  Explain impact current covid pandemic over companies

Explain, in detail, the impact current covid-19 pandemic can have over manufacturing companies. State the difficulties that the manufacturing companies

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd