Exercise 11-11 Capitalizing interest (LO 11-2) Kobe Company began constructing a building for its own use in February 20X1. During 20X1, Kobe incurred interest of $70,000 on specific construction debt and $15,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was $60,000. Required: 1a. What amount of interest should Kobe capitalize? 1b. Prepare the journal entry to record payment of the interest. 2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was instead $90,000, what amount of interest should Kobe capitalize?

Answers

Answer 1
1a. To determine the amount of interest that Kobe should capitalize, we need to compare the actual interest incurred on the specific construction debt ($70,000) to the amount of interest that could have been avoided if the expenditures had not been made ($60,000). The excess of actual interest over avoidable interest is the amount that should be capitalized.

Excess interest = Actual interest - Avoidable interest
Excess interest = $70,000 - $60,000
Excess interest = $10,000

Therefore, Kobe should capitalize $10,000 of interest.

1b. The journal entry to record the payment of the interest would be:

Interest Expense $85,000
Cash $85,000

($70,000 + $15,000 = $85,000)

2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was $90,000, the calculation for the amount of interest that should be capitalized would be:

Excess interest = Actual interest - Avoidable interest
Excess interest = $70,000 - $90,000
Excess interest = ($20,000)

Since the avoidable interest ($90,000) is greater than the actual interest incurred on the specific construction debt ($70,000), Kobe would not capitalize any interest.

Related Questions

The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?

Answers

So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.

Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.

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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions

Answers

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?

Answers

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

Organic Grocer employed Jacobson as its manager and gave her authority to purchase supplies and goods for resale. Jacobson had business dealings with Acme Electronics Company. Jacobson contacted Acme and had it deliver a color television set to her house. She told Acme that the set was to be used in promotional activities. The promotional campaign did not take place, and Jacobson disappeared from the area, taking the television set with her. Acme now seeks to recover the purchase price of the set from Organic Grocer. Will Acme prevail?

Answers

Answer:

ltem of important must be shown separately

what is that GAAP

Is the concentration ratio an accurate measure of the extent of​ competition?
The​ four-firm concentration ratio
A.
is flawed in that it .
B.
is accurate because it is based on estimates from the U.S. Census Bureau.
C.
is flawed in that it .
D.
is accurate because it is based on national and global competition.
E.
is flawed in that it .

Answers

Answer:

Find the difference of 67.2 and 23.9.

Explanation:

Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June, (1) the company purchased 248 units at $56 each on account, (2) returned 10 units for credit, and (3) sold 206 units at $83 each on account. Journalize the June transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

Item 1

Debit : Merchandise $13,888

Credit : Accounts Payable $13,888

Item 2

Debit : Merchandise $560

Credit : Accounts Payable $560

Item 3

Debit : Accounts Receivable  $17,098

Debit : Cost of Sales  $11,536

Credit : Sales Revenue $17,098

Credit : Merchandise $11,536

Explanation:

See the journal entries prepared above.

Ralston Sports Equipment Company made 20,000 basketballs in a given year. Its manufacturing costs were $170,000 fixed. Assume that no price changes will occur in the following year and that no changes in production methods are applicable. Compute the budgeted cost for producing 25,000 basketballs in the following year.

Answers

If Ralston Sports Equipment Company made 20,000 basketballs in a given year. the budgeted cost for producing 25,000 basketballs in the following year would be $212,500.

What is the Budgeted cost?

First step is to calculate the fixed cost per unit:

Fixed cost per unit = Total fixed costs / Number of units produced

Fixed cost per unit = $170,000 / 20,000 basketballs

Fixed cost per unit  = $8.50 per basketball

Next step is  to determine the budgeted cost for producing 25,000 basketballs:

Budgeted cost = Fixed cost per unit * Number of units

Budgeted cost = $8.50 per basketball * 25,000 basketballs

Budgeted cost = $212,500

Therefore the budgeted cost for producing 25,000 basketballs in the following year would be $212,500.

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From the UDSM organizational structure, use concrete examples to elaborate five communication routes that may arise during communication in the institution

Answers

examples of communication routes that may arise in any institution:

1-Upward communication: This communication route is from subordinates to superiors.

2-Downward communication: This communication route is from superiors to subordinates.

3-Horizontal communication: This communication route is between individuals or departments at the same level of authority.

4-Diagonal communication: This communication route is between individuals or departments at different levels of authority and not in a direct line of authority. An example in a university setting could be a student association communicating with the university administration on issues affecting student welfare.

5-External communication: This communication route is between the institution and external entities such as government agencies, donors, or other organizations. An example in a university setting could be the university's public relations office communicating with the media to promote the institution's research or community outreach activities.

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The most recurring item on a data list

Answers

Make use of Python Counter which returns count of each element in the list.

When must you wash your hands

Answers

Answer:

Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.

wash your hands before and after always and preferably with antibacterial soap

Evaluate the application of the systems approach to the analysis of work organisations. Suggest an example of a hospital work situation in which the systems approach might be appropriate.

Answers

The systems approach is a useful tool for analyzing work organizations as it considers the organization as a whole, comprising of various interconnected subsystems. In hospital work this approach can be used for the  management of patient care.

What is systems approach?

The systems approach helps identify the relationships between different components and how they interact to achieve the overall goals of the organization.

By analyzing the organization from a systems perspective, one can identify the strengths and weaknesses of the organization and develop strategies to improve performance.

The systems approach is a valuable tool for analyzing work organizations, especially in complex industries such as healthcare.

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what is the meaning of Accounting?​

Answers

Accounting is the process of recording financial transactions pertaining to a business.

Answer:

The meaning of accounting is the action of dealing with money like a bank for a example.

On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:

Answers

The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.

What is bill?

A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.

On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.

Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.

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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June

(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?

Answers

Willie's guest count percentage variance is 9.82%.

How to calculate guest count percentage

To calculate the guest count percentage variance

Use the following formula:

Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%

Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%

Guest count percentage variance = (7,477 / 76,079) x 100%

Guest count percentage variance = 0.0982 x 100%

Guest count percentage variance = 9.82%

Therefore, Willie's guest count percentage variance is 9.82%.

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According to the text, ethical behavior begins with

Answers

Answer: When discussing moral and ethical issues, it is helpful to remember that ethical behavior begins with: each of us. What is one factor causing businesses to vigorously enforce ethical standards? One factor causing businesses to vigorously enforce ethical standards is the: fear of negative publicity.

Explanation:


Describe why the facility should have an inventory
list of equipment.

Answers

so people don't buy the same things again & again

to see

whats in stock

where they are displayed

how many they have

keep track of inventory

plan for restocking

know which items are running low

asset value for accounting or financial purposes.

Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.

Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.

Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.

Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.

Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.

Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.

Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.

Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.

provides information about the administrative and clinical machines in the facility.

gives you more control over your business' assets.

equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork

WHich of the following is not a type of skill needed by effective leaders?

Answers

Answer:

WHich of the following is not a type of skill needed by effective leaders?

Answer. power hankering skil

What can Lena do to avoid the risk of having short supplies in times of need?
Lena works in an artificial jewelry-manufacturing unit. It is a family run business, and they have been depending on a single supplier for years.
As Lena is a proactive person, she can avoid the risk of being in short supplies of raw material by keeping a _______ supplier for every one main supplier.

Answers

Answer:

Backup

Explanation:

Answer:

Backup

Explanation:

Correct on Plato

If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?

Answers

Answer:

The new productivity is "29.17 boxes per hour". A further solution is provided below.

Explanation:

The given number of boxes,

= 700 boxes

After the change in the work rule,

The productivity will be:

= \(\frac{700 \ boxes}{3\times 8 \ hours}\)

= \(\frac{700 \ boxes}{24 \ hours}\)

= \(29.17 \ boxes \ per \ hr\)

1. Discuss the emerging issues in cost and management accounting ( 15 marks)

2. ABC Ltd made the following purchases
Date of purchase Units purchased Price/unit
1st January 500 100
2nd January 600 200
3rd January 800 400
Units used on 4th January are 900.
Required:
Determine the cost of units used and the value of the closing stocks using FIFO, LIFO and
weighted average. (15 marks)

Answers

The emerging issues in cost and management accounting  are:

Sustainability as well as Environmental AccountingTechnology  as well as AutomationIntegrated Reporting and Non-Financial Performance Measures, etc.

What is the  emerging issues in cost and management accounting

New technology like robots and smart software is changing the way we do accounting work and save money. We use special computer programs to help us figure out how much things cost and keep track of the numbers.

Using only financial measures to judge business success is not enough anymore.  People now uses "Integrated Reporting" and includes non-financial measures as well.

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How can creating a customer profile help entrepreneurs identify their target market

Answers

Creating a customer profile helps identify markets because the information on it is too persuade the buyer, customer or Purchaser. I'm in 6th grade don't judge x

What is the difference between a 3.5 fold and an 8 fold essay?

Answers

A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion, while an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph.

The terms "3.5 fold" and "8 fold" essay refer to different methods of organizing the structure of an essay. A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion. The three body paragraphs each have a specific purpose and follow a specific structure: the first paragraph introduces the main idea, the second paragraph supports the main idea with evidence, and the third paragraph provides a conclusion or summary.

On the other hand, an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph. The introduction and conclusion remain the same, but each body paragraph is broken down into smaller sections that address different aspects of the main idea. This allows for a more thorough exploration of the topic and a more complex argument.

In summary, the main difference between a 3.5 fold and an 8 fold essay is the level of detail and complexity in the organization of the body paragraphs. The 8 fold essay provides a more in-depth exploration of the topic, while the 3.5 fold essay is a simpler and more straightforward structure.

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Company Dept. A Dept B. Predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 Direct labor hours hours worked on Job ABC 30 17 13 Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is ______.

Answers

Answer:

Total applied overhead= $64.2

Explanation:

Giving the following information:

Dept. A Dept B.

Predetermined overhead rate per direct labor hour $2.40 $1.80

Job ABC:

Direct labor hours Dept A= 17

Direct labor hours Dept B= 13

We need to use the departmental predetermined overhead rates.

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Dept A= 2.4*17= $40.8

Dept B= 1.8*13= $23.4

Total applied overhead= $64.2

Kathy Elliot has decided that she will start an internet company to sell reliable used cars to customers Nationwide she has decided to use the sole proprietorship business format. Elliot's next step is to write a formal _____ before she applies for a business loan

Answers

Answer:

business plan

Explanation:

_____ money finish the diagram
gets its value from the government,
is common throughout the world today,
includes U.S. and Canadian dollars
Answer Choice:
A.Commodity
B.Representitve
C.M1
D.Fiat (correct answer)

_____ money finish the diagram gets its value from the government,is common throughout the world today,

Answers

D. Is this supposed to be a free points question thingy?

A bank has written a call option on one stock and a put option on another stock. For the first option the stock price is 50, the strike price is 51, the volatility is 28% per annum, and the time to maturity is nine months. For the second option the stock price is 20, the strike price is 19, the volatility is 25% per annum, and the time to maturity is one year. Neither stock pays a dividend, the risk-free rate is 6% per annum, and the correlation between stock price returns is 0.4. Calculate a 10-day 99% VaR.

Answers

Answer:

10-Day 99% VaR = 3.61

Explanation:

Data Given:

For First Option:

Stock Price = 50

Strike Price = 51

Volatility = 28% per annum

Time to maturity = 9 months

For Second Option:

Stock Price = 20

Strike Price = 19

Volatility = 25% per annum

Time to maturity = 12 months or 1 year

Risk Free Rate = 6% per annum

Correlation = 0.4

Find 10-day 99% VaR.

Solution:

First of all we need to refer the DerivaGem Model to dig out the change in price equation for both the options.

So, according to DerivaGem Model, We have following data:

For First Option:

Value  = -5.413

Delta Value = -0.589

For Second Option:

Value = -1.014

Delta = -0.284

Change in Price = (Delta value of First Option x Stock Price)Y1 + (Delta value of the second option x Stock Price)Y2

Change in Price = (-0.589 x 50)Y1 + (-0.284 x 20)Y2

So, We will get the Change in Price Linear Equation for both the options.

Change in Price = -29.45Y1 -5.68Y2

Now, we have to calculate the Daily Volatility Percentage.

Formula:

Daily Volatility Percentage = Volatility/ Square root of number of days active in annum

Number of Days Active = 252

Volatility for First Option = 28%

Volatility for Second Option = 25%

Daily Volatility Percentage for First Option = 28%/\(\sqrt{252}\)

Daily Volatility Percentage for First Option = 0.0176

Similarly,

Daily Volatility Percentage for Second Option = 25%/\(\sqrt{252}\)

Daily Volatility Percentage for Second Option = 0.0157

Now, utilizing the above calculated data, we can find the one-day variance of change in price.

1-Day Variance =\((29.45^{2} *0.0176^{2}) + (5.68^{2} * 0.0157^{2}) - (2 * 29.45 * 0.0176 * 5.68 * 0.0157 * 0.4)\)

Solving the above equation:

We get:

1-Day Variance = 0.2396

Now, we have to find the standard deviation of 1-Day Variance:

SD of 1-Day Variance = \(\sqrt{0.2396}\)

SD of 1-Day Variance = 0.4895

So,

Now, in order to find the value of one day 99% VaR from the table, we have all the prerequisites.

So,

Value of One day 99% VaR from table = 2.33

But we need 10-Day 99% VaR.

So, number of days = 10

Hence,

10-Day 99% VaR = \(0.4895 * 2.33 * \sqrt{10}\)

10-Day 99% VaR = 3.61

According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?

Answers

The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.

Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:

Evaluation of the Night-light Data Method:

Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.

Reasons for Differences between Traditional Expenditure Approach and Night-light Data:

Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.

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Those arguing against being socially responsible might make the claim that costs for social goals are ultimately
higher prices

Answers

어떤 하는 라인 라인 참 팬 프리뷰 텐데

Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in September to be 20 jobs and 144 meals, but the actual activity was 16 jobs and 141 meals. The actual cost for catering supplies in September was $3,100. The catering supplies in the planning budget for September would be closest to:

Answers

Answer:

Standard cost Supplies= $3,480

Explanation:

Giving the following information:

The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal.

The company expected its activity in September to be 20 jobs and 144 meals.

To calculate the total budgeted cost, we need to multiply the standard cost for the planned production:

Standard cost Supplies= 400 + (82*20) + (10*144)

Standard cost Supplies= $3,480

If Avon and Merck joined together to produce a cream that slows down the aging process, this would be called a(an)

Answers

I think you are asking what type of business this is. This is referred to as a "partnership". This is an ownership structure in which a single business is owned by two or more people. All individuals involved in a partnership are expected to contribute money, property, labor, or skill and share risks associated with operating a business. I hope this answers what you are looking for. :)

Other Questions
(26 points!!!) Find the measurement indicated in each trapezoid. (ISOSCELES TRAP) Do NOT include units (degrees, inches, feet, etc).* The Washington, DC, region has one of the fastest-growing foreclosure rates in the nation, as 15,613 homes went into foreclosure during the one-year period ending in February 2008 (The Washington Post, June 19, 2008). Over the past year, the number of foreclosures per 10,000 homes is 131 for the Washington area, while it is 87 nationally. In other words, the foreclosure rate is 1.31% for the Washington, DC area and 0.87% for the nation. Assume that the foreclosure rates remain stable.Required:a. What is the probability that in a given year, fewer than 2 out of 100 houses in the Washington, DC area will go up for foreclosure? b. What is the probability that in a given year, fewer than 2 out of 100 houses in the nation will go up for foreclosure? c. Comment on the above findings. The _______is a theory of leadership that explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders. According to the Supreme Court decision in Texas v. Johnson, whichconstitutional right upheld the action of flag-burning as a protest?*A. The right to free expressionB. The right to press freedomC. The right to assembleD. The right to petition Operating leverage is: a) Operating leverage is net income divided by revenues and shows how profitable the company is. b) Companies with low operating leverage are generally preferred. c) Operating leverage is gross margin divided by revenues d) Operating leverage shows the amount of debt a company has on its balance sheet. e) A & B only 2) When conducting financial analysis and looking at the balance sheet the amount of leverage refers to: a) The amount of debt as compared to the amount of shareholders' equity. b) The amount of current liabilities as compared the amount of current assets. c) The amount of shareholders' equity versus the amount of total assets. d) The amount of current liabilities versus the amount of shareholders' equity e) None of the above What's the scientific name of a leopard? A factor(s) used to measure an organizations cultural strength is/area. member agreement as to which values are core valuesb. member agreement as to which core values are most importantc. the top management teams use of values-based leadership1. a & b2. a & c For a normal distribution with mean 250 and standard deviation 35 , find the probability of obtaining a value that is less than or equal to 195. For a normal distribution with mean 250 and standard deviation 35 , find the probability of obtaining a value that is less than or equal to 195. "social" impacts of ww1??? What temperature range allows foodborne pathogens and bacteria to multiply rapidly?. do u like doggo rate of change and initial value for y=1/2+2 nn kinh t th trng nh hng XHCN Vit Nam hin nay you are at the gym with a friend who complains that she cannot lift as much weight on a new machine as she could on the old machine. You examine the machine and note that the starting position for the exercise puts your friends muscle in a stretched position. How does this explain her seeming loss of strength? Six more than the product of a number and 3 equals 4. Use the variable b for the unknown number Which sentence most clearly describes the voice of a story?A. Using the word "burn" repeatedly shows how ideas in the story areconnected.B. Steinbeck compares the tractors to insects to increase the senseof menace.C. The narrator describes the trials of the family in a grim,judgmental way.D. By focusing on many families, not just the Joads, the author sendsa message. Please help its due soon and I dont wanna be even more behind, also Ill mark brainliest A mass weighing 4 pounds is attached to a spring whose spring constant is 25 lb/ft. what is the period of simple harmonic motion? Given the following 30-60-90 triangle , find the value of x and y Round to the nearest tenth x = 5.2 X = 6 Y = 6 Y = 5.2 you are managing a mission critical project for your organization. a seller was sourced to provide a high load winch system. you leased a winch that is rated at 1,000 pounds for the project. you are satisfied with the work and product that the seller has provided and would like to use their services in the future. how might this information be documented?