So, if the sales volume is 100,000 units, the profit generated is Rs. 1,01,00,00,000.
To find the break-even point, we need to determine the quantity of units that need to be sold in order to cover the total costs (fixed and variable costs) without generating any profit or loss.
Let's denote the break-even point as 'Q' (quantity of units).
The total cost (TC) can be calculated as:
TC = Fixed Cost + (Variable Cost per unit × Quantity)
Fixed Cost = Rs. 4 crores = Rs. 4,00,00,000
Variable Cost per unit = Rs. 500
At the break-even point, the total cost will equal the total revenue (TR), which is the product of the item's price and the quantity:
TR = Price per unit × Quantity
Price per unit = Rs. 1100
So, at the break-even point:
TC = TR
Fixed Cost + (Variable Cost per unit × Q) = Price per unit × Q
Substituting the given values, we have:
4,00,00,000 + (500 × Q) = 1100 × Q
Simplifying the equation:
500Q = 4,00,00,000
Q = 8,00,000
Therefore, the break-even point is 8,00,000 units.
Now, to find the profit generated when the sales volume is 100,000 units, we can calculate the total revenue and subtract the total cost.
Total Revenue = Price per unit × Sales Volume
Total Revenue = 1100 × 100,000 = Rs. 1,10,00,00,000
Total Cost = Fixed Cost + (Variable Cost per unit × Sales Volume)
Total Cost = 4,00,00,000 + (500 × 100,000) = Rs. 9,00,00,000
Profit = Total Revenue - Total Cost
Profit = 1,10,00,00,000 - 9,00,00,000 = Rs. 1,01,00,00,000
So, if the sales volume is 100,000 units, the profit generated is Rs. 1,01,00,00,000.
To represent this information graphically, we can create a profit-volume graph where the x-axis represents the sales volume (in units) and the y-axis represents the profit (in rupees). We plot the break-even point at 8,00,000 units, and then plot the sales volume of 100,000 units along with the corresponding profit of Rs. 1,01,00,00,000. The graph will show the relationship between sales volume and profit, and the break-even point will be the intersection of the cost and revenue lines.
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in business, what has replaced social bookmarking in helping users find the most relevant, high-quality information, collect it, and share it with others?
Social Curation Sites helped people identify the most pertinent, high-quality content, gather it, and share it with others, and has taken the role of social bookmarking.
A specific topic is the focus of social curation, which is the socially enabled organizing of connections and information. In essence, we are discussing online curating and social media as a whole. Social curators are individuals or organizations who practice social curating.What are sites for curation?
Material curation may be seen in all areas where content is exchanged and debated, such as RSS feeds, social media posts, news aggregation websites, and links to blog entries and other publications.
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Kareny wans io buy a condominum seling foe $06,000. The taxes on the peoperty are $1300 per year, and homsowners' insuranoe is $345 per year Kathy's gross monthy income is $4000. She has 15 moetily pergments of $135 remaining on her van. The bank is requing 20% down and is charging a 9.5% interest rate with no poins. Her bank wiv approve a loan that has a total monthly morigoge payment of prinopal, interest, procedy taxes. and homeowners" insurance that is less than or equal to 28% of her acfussed menthily income. Complete parts a) through h) beloe: a) Determine the required down payment. The regaired down payment is 3
To determine the required down payment, we need to calculate 20% of the selling price of the condominium.
Selling price of the condominium = $106,000
Required down payment = 20% of $106,000
Required down payment = 0.2 * $106,000
Required down payment = $21,200
Therefore, the required down payment for Kathy is $21,200.
b) Calculate Kathy's monthly payment for the remaining 15 payments on her van.
Monthly payment on van = $135
Remaining number of payments = 15
Total remaining amount on van = Monthly payment * Remaining number of payments
Total remaining amount on van = $135 * 15
Total remaining amount on van = $2,025
Therefore, Kathy's monthly payment for the remaining 15 payments on her van is $2,025.
c) Calculate Kathy's monthly payment for principal and interest on the loan.
Loan amount = Selling price of the condominium - Required down payment
Loan amount = $106,000 - $21,200
Loan amount = $84,800
Monthly interest rate = Annual interest rate / 12
Monthly interest rate = 9.5% / 12
Monthly interest rate = 0.00792
Number of monthly payments = Total number of payments on the loan
Number of monthly payments = 30 years * 12 months per year
Number of monthly payments = 360
Monthly payment for principal and interest can be calculated using the formula:
Monthly payment = (Loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of monthly payments))
Monthly payment = ($84,800 * 0.00792) / (1 - (1 + 0.00792)^(-360))
Monthly payment ≈ $569.25
Therefore, Kathy's monthly payment for principal and interest on the loan is approximately $569.25.
d) Calculate Kathy's monthly payment for property taxes.
Monthly property tax payment = Annual property tax / 12
Monthly property tax payment = $1,300 / 12
Monthly property tax payment ≈ $108.33
Therefore, Kathy's monthly payment for property taxes is approximately $108.33.
e) Calculate Kathy's monthly payment for homeowners' insurance.
Monthly homeowners' insurance payment = Annual homeowners' insurance / 12
Monthly homeowners' insurance payment = $345 / 12
Monthly homeowners' insurance payment ≈ $28.75
Therefore, Kathy's monthly payment for homeowners' insurance is approximately $28.75.
f) Calculate Kathy's total monthly mortgage payment (principal, interest, property taxes, and homeowners' insurance).
Total monthly mortgage payment = Monthly payment for principal and interest + Monthly property tax payment + Monthly homeowners' insurance payment
Total monthly mortgage payment = $569.25 + $108.33 + $28.75
Total monthly mortgage payment ≈ $706.33
Therefore, Kathy's total monthly mortgage payment is approximately $706.33.
g) Calculate 28% of Kathy's monthly income.
28% of Kathy's monthly income = 28% * $4,000
28% of Kathy's monthly income = $1,120
Therefore, 28% of Kathy's monthly income is $1,120.
h) Determine if Kathy's loan satisfies the bank's requirement.
Kathy's total monthly mortgage payment ($706.33) is less than 28% of her monthly income ($1,120).
Therefore, Kathy's loan satisfies the bank's requirement.
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An insurance that you pay if your down payment is less than 20 percent of the total cost of the house _____.
a. an ARM
b. an escrow account
c. PMI
d. a balloon loan
Answer:
Hello There!!
Explanation:
I think the answer is c.PMI because that is the only option which best fits into the sentence.
hope this helps,have a great day!!
~Pinky~
\(\huge{\textbf{\textsf{{\color{navy}{An}}{\purple{sw}}{\pink{er}} {\color{pink}{:}}}}}\)
C. PMI
ThanksHope it helpsBenefits of internal control system in auditing
An internal control system is a crucial component in ensuring the accuracy and integrity of financial information.
It is a process that helps an organization achieve its goals by safeguarding its assets, ensuring compliance with laws and regulations, and promoting efficient operations. The benefits of implementing an internal control system in auditing are numerous.
Firstly, an internal control system helps to detect and prevent errors and fraud in financial transactions. This is important because it helps to maintain the integrity of financial records, which in turn helps to build trust and confidence in the organization.
Secondly, an internal control system helps to improve the efficiency of operations. This is achieved by ensuring that the processes and procedures are followed consistently, which minimizes errors and delays. Thirdly, an internal control system helps to ensure compliance with laws and regulations.
This is important because non-compliance can result in penalties, fines, and even legal action. Overall, an effective internal control system is critical in ensuring the accuracy and reliability of financial information. It helps to detect and prevent errors and fraud, improves operational efficiency, and ensures compliance with laws and regulations.
Implementing an internal control system is a worthwhile investment for any organization that wants to safeguard its assets and maintain the trust of stakeholders.
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A customer buys 100 shares of ABC stock, which is now trading at $63. The customer wants to create a dividend supplement to the position. He should: A buy a call B buy a put C sell a call D sell a put
Answer:
sell a call
Explanation:
He should sell a call because he wanted to create a dividend supplement to the position.
What is selling a call?This involves a call sellers who have an obligation to sell the underlying stock at the strike price and have a short call position.
Hence, as he wants to create a dividend supplement to the position, then, the best option is to sell a call.
Therefore, the Option C is correct.
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To truly liberate the slaves and give them a fresh economic start by giving them land the government would have been required to do what? why were the politicians unwilling to do this?.
To truly liberate the slaves and give them a fresh economic start by giving them land the government would have been required to; Take away white men's land.
The act of liberating or the kingdom of being liberated. Liberation is defined as being set free or acquiring the same rights. An instance of liberation is when a prisoner is ready to be free from prison. An example of liberation is permitting gay couples to be married.
Self-liberation teaches us to be in concord with ourselves and the universe as a whole. So, it really does now not imply being loose from values. Being the owner of a vehicle does not set us free to pressure over the velocity restriction and using it inside the restrict does no longer mean that we aren't unfastened.
Religious liberation results from coming across and expressing the intrinsic qualities of enlightened awareness which have been ours because the moment we got here into lifestyles. Truly placed, all this is required to stay as much as our maximum capability is already inner us anticipating our aware activation.
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Which of the following is an example of intergenerational miscommunication?
O
Your teacher tells the class the homework at the end of the class period every day. You cannot write it down as fast as she mentions it.
Sometimes, you forget to check with a classmate before the end of school, so you can't complete your homework. It would be a lot easier
for you if the teacher wrote down the assignments.
You have new next-door neighbors, recently arrived from another country. They celebrate holidays that you have never heard of, and they
don't celebrate the holidays you do. The kids in the family have invited you over to dinner, but the food looks weird, and you're hesitant
Your grandmother is hurt because you did not send her a birthday card. You reply that you did—you texted her an animated birthday
message. It turns out she did not know how to receive it, but when you show her, she doesn't seem to feel much better at all.
Your younger brother has a little-kid crush on one of your friends and follows you two around everywhere. It's annoying, and he doesn't
stop unless you yell at him. Of course, then he starts crying, and your parents get mad at you
O
Answer:
Your grandmother is hurt because you did not send her a birthday card. You reply that you did—you texted her an animated birthday message. It turns out she did not know how to receive it, but when you show her, she doesn't seem to feel much better at all.
Explanation:
Your grandmother is older than you and doesn't know how to work a phone as well as you do because of the generational difference between the two of you.
Answer:
1. Your grandmother is hurt because you did not send her a birthday card...
2. Your younger brother has a little-kid crush on one of your friends and follows you two around everywhere...
3. Your teacher tells the class the homework at the end of the class period every day...
4. You have new next-door neighbors, recently arrived from another country...
Explanation:
Edge 2021-2022 :)
A manager who follows the transformational leadership model is likely to believe that managers should.
A manager who adheres to the transformational leadership style is probably of the opinion that using coercive measures can aid in getting the best performance out of the workforce.
What does a transformative leadership approach entail?A leadership style known as transformational leadership affects both social systems and individual behavior. In its optimal state, it brings about significant and constructive change in the followers with the ultimate objective of transforming followers into leaders.
What does transformative leadership prioritize primarily?To help one another and the entire organization, transformational leaders put their attention on "transforming" others. The response from followers of a transformative leader is trust, adoration, loyalty, and respect for the leader, as well as a greater willingness to put in more effort than was initially anticipated.
Why does transformational leadership have such a strong impact?The success of transformational leadership is a result of its emphasis on team members' personal empowerment. Research demonstrates that groups led by transformational leaders outperform those led by other styles of leaders, according to Ronald E. Riggio in Psychology Today.
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Examine the table comparing two individuals.
Who is more likely to have higher health insurance premiums? (selma or thelma)
Which risk factor will make a difference in premium price for Selma and Thelma? (tabaco use or age)
Which risk factor will not make difference in premium price? (preexisting condition or tabaco use)
Answer:
1- selma
2- tobacco use
3- preexisting condition
Explanation:
I just took it on edge
Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means
Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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the process by which competition for monopoly profits leads to technological progress is called: answer unselected creative destruction. unselected creative monopolization. unselected monopolistic creativity.
The process by which competition for monopoly profits leads to technological progress is called creative destruction.
What is creative destruction?Creative destruction refers to the economic concept of innovation that simultaneously disrupts and creates new markets by replacing older and less efficient technology. When new innovations are introduced, old ones are phased out, causing changes in the market structure and the economy at large. In a way, it is a process of market competition, where new companies compete with existing ones to take over the existing market by introducing better products or services.
The notion of creative destruction comes from the work of Joseph Schumpeter, who viewed economic growth and prosperity as being driven by disruptive innovation. Innovation brings about new products, processes, and business models that disrupt old patterns and cause economic systems to transform. This creative destruction can lead to technological progress and an overall improvement in the standard of living.
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marketing, sales, and customer service are identified as the key functions in a value chain.
Marketing, sales, and customer service are indeed key functions in a value chain. The value chain is a concept that describes the activities within a company that add value to a product or service. It encompasses a series of interconnected functions that contribute to the creation, marketing, delivery, and support of a product or service.
Marketing is a crucial function within the value chain as it involves activities such as market research, product development, branding, pricing, promotion, and distribution. Marketing helps identify customer needs, create awareness and demand for products or services, and generate leads for the sales team.
Sales, as another key function, focuses on the actual selling of products or services to customers. This includes activities like prospecting, lead generation, customer relationship management, negotiations, and closing deals. Sales teams work closely with marketing to convert leads into customers and drive revenue for the organization.
Customer service plays a vital role in the value chain by providing support and assistance to customers after the purchase. This function involves activities such as handling inquiries, resolving issues, providing product information, offering post-sales support, and ensuring customer satisfaction. Effective customer service helps build customer loyalty, enhance brand reputation, and drive repeat business .
While the value chain consists of other functions like procurement, operations, and logistics, marketing, sales, and customer service are particularly critical in generating customer demand, acquiring customers, and delivering a positive customer experience. These functions contribute directly to revenue generation and customer satisfaction, making them key components in the overall value creation process.
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What is a whistleblower?
A. A person who witnesses illegal or unethical behavior and doesn't
report it
B. A person who reports on a business or organization engaging in
illegal or unethical activities
C. A person who is involved in illegal or unethical activities within a
company
D. An organization that reports the illegal or unethical activities of
another organization
A person who witnesses illegal or unethical behaviour and doesn't report it is a whistleblower. Hence, option A is correct.
What is whistleblower?Whistleblowers are those who disclose the appropriate information to the appropriate parties. A legal whistleblower is someone who provides information to a designated receiver that they frankly believe demonstrates wrongdoing, to put it another way.
Employees who reveal malpractice they believe is in the public interest are known as whistleblowers. Whistleblowing can take several forms, including reporting theft and unethical or unfair workplace behaviour like racism, sexism, or homophobia.
The US police were the first group to be called "whistle blowers," as they blew whistles to draw attention to wrongdoing and sailors would "whistle for it" when a wind was needed to free a becalmed ship.
Thus, option A is correct.
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Do you think drinking water can development of a country? help in the
Answer:
no because you need a lot more to a country then water.
Hope This Helped
describe a real or made up example of a contract that includes consideration
Answer:
It is important that all contracts include consideration in order for any agreement to be legally binding.
The example of a contract of this type is:
Renting a place to use for your sales business. You rent the place for a certain period of time (Let's say one year) and for a settled amount of money. In form of a lease, is stated and stipulated what that amount of money includes (let's say just the place) and what it doesn't include (energy and water bill) as well as the rules for using and living in the place.
This contract applies for both parts once consideration is provided by accepting the terms of conditions and the value agreed.
Explanation:
But this is not my answer I have to give credit to Brainly user keylacordoba.
What are the dangers associated with having a high national debt?
Answer:
Explanation:
Lower income and economic opportunities for the people. Might lose investors and business opportunities.
how much would you cost to have a good night
Answer:
as much as i need
Explanation:
4. Identify three factors that can lead to conflict in a hospitality environment
Conflicts in hospitality environments can arise due to various factors, but some common factors include communication breakdowns, personality clashes, and workload imbalances.
Poor communication can lead to misunderstandings between staff members and with customers, which can result in conflicts. Personality clashes can arise when different personalities or work styles do not mesh well together, leading to friction and tension among employees. Workload imbalances can lead to feelings of resentment and unfairness, especially if some employees feel like they are doing more work than others without proper recognition or compensation.
Hospitality environments require effective communication, collaboration, and a positive work culture to prevent and address conflicts in a timely and respectful manner.
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preferred stock is a type of stock that is the safest you can purchase. true false
False. Preferred stock is not necessarily the safest type of stock you can purchase.
While preferred stock does have certain characteristics that make it different from common stock, such as priority in receiving dividends and assets in case of liquidation, it still carries risks and is not entirely risk-free.
The safety of an investment depends on various factors, including the financial stability of the company issuing the stock, market conditions, and the specific terms of the preferred stock itself. It's important to note that preferred stockholders do not have the same voting rights as common stockholders, which can impact their influence over company decisions.
Furthermore, the value of preferred stock can fluctuate based on interest rates, changes in the company's financial performance, and investor sentiment. While preferred stock generally offers more stability compared to common stock, it is not without its risks.
Investors should carefully evaluate their risk tolerance, investment goals, and conduct thorough research before considering any investment, including preferred stock. Diversifying a portfolio with a mix of different asset classes and considering professional advice can help in managing risk effectively.
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Please read the following case study carefully and answer the questions that follow.
When Stephanie Mayer first started working as an office assistant with AOC Enterprises Limited, she was eager and enthusiastic. She was determined to prove herself a valuable employee, so she willingly accepted additional duties and responsibilities. She eventually found that she had more work than she could manage and was unable to type some essential documents before they were due. She told her supervisor that she had placed them on her desk the previous evening, but apparently someone had moved them. When reprimanded by her supervisor, she became offended and reminded him how much she usually does for the business. She withdrew her enthusiasm and began complaining that her boss was ungrateful.
List THREE positive and THREE negative qualities that Stephanie displayed. (6points)
State TWO poor decisions Stephanie made. (2 points)
Suggest THREE ways in which Stephanie could have prevented this conflict. (6 points)
Explain how the business can be affected by the deterioration of the relationship between Stephanie and her supervisor. (4 points)
The positive qualities that Stephanie displayed include passion, determination, self-reliance while the negative qualities that she displayed include impatience, apathy, and lack of respect.
The poor decisions that were made by Stephanie include:
Complaining about how ungrateful her supervisor was.Shouting back at her supervisor rather than trying to resolve the issue.The ways that Stephanie could have prevented this conflict include:
Explaining what really happened to her supervisor.Not complaining about the ungratefulness of her boss.She could have been patient as well rather than confronting her supervisor.The deterioration of the relationship between Stephanie and her supervisor can bring about disunity in the workplace and this can lead to lower productivity.
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In almost all present and future value computations, it is implicity assumed that the cash flows occur at the beginning of each period. A) True B) False
In present and future value computations, it is not true that cashflows are implicitly assumed to occur at the beginning of the period so this statement is False.
Why is this statement false?The usual convention for present and future value calculations is that if the period of cashflows is not given, it is assumed that the cashflow occurs at the end of the period.
A special formula exists when the cashflows occur at the beginning of the period instead.
In conclusion, this is false.
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Caitlyn has worked in HR for Clearwater Electronics for more than 20 years. She has found that many employees are now more concerned with working in an environment where they can grow personally than with their level of compensation. How can Caitlyn and the HR department best provide opportunities for their employees to grow?
Answer:
A) HR can provide training and development activities to help employees improve.
Explanation:
In a work environment where employees prioritize personal growth, it is necessary for the human resources department to implement training and development strategies for employees.
The focus on training and organizational development allows companies to develop diagnoses, discover the potential of employees, correct errors, reorganize the work according to the potential of each employee, etc., which makes the work more satisfying, more productive because it motivates and increase employee satisfaction, in addition to being essential for the development of creativity, innovation and differentiated skills.
The best way that Caitlyn and the HR can best provide opportunities for their employees to grow is through the provision of training and development activities to help employees improve.
This question obviously tells us that the employees are less concerned about the pay they receive compared to the growth that they can attain personally.
A way that would help them to attain the growth in their job is through trainings and other development activities.
These would help them to learn new skills and also get better at their jobs.
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Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transactions which are begun in one period and concluded in a later period b. To determine the amount of net income or net loss for the period c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period d. To facilitate adjusting entries
Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Explanation:
Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.
The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Therefore, the correct option is C.
A "no-haggle" pricing policy is a type of _____ pricing strategy.A. maximizing profitsB. sales orientationC. target returnD. status quoE. customer-oriented
A "no-haggle" pricing policy is a type of customer-oriented pricing strategy.
A corporate concept known as "customer orientation" prioritizes the requirements of the client over those of the company. A business strategy known as "customer orientation" prioritizes the demands of the client over those of the company. Companies that prioritize their customers are aware that without continually increasing their customer focus, their firm will not succeed. It's a method of thinking that connects the objectives of your company with those of your clients.
Businesses may concentrate far more readily on their own needs than on those of their clients. Your company needs to increase revenue while reducing expenses. If you don't spend the most of your day speaking with clients, their requirements undoubtedly aren't something that are always on your mind.
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THIS IS FOR ECONOMICS (please help)
Gas prices have risen over a dollar the last 3 months. Apply the concept of supply and demand and explain what would happen to the supply of gas and the demand for gas as a result of this increase
Answer:
REATAE THIS PLS
Explanation:
write five safety measures that should followed while working at industrial business
Answer:
The safety measures that we should follow while working at industrial business are:
1. wear Safety Equipment .
2. Prevent Slips and Trips.
3. Use Equipment and Tools properly.
4. Keep work areas clean.
5. Inform supervisor of unsafe conditions.
Explanation:
Thankyou ❤
What are some good colleges in New Orleans that arent expensive??
Answer:
southern university, Dillard university, university of new orleans
How does insurance fraud create higher overall prices for everyone?
Ya girl is stuck, i need help
Answer:
Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses.
Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28).
Required:
Record the necessary entries to adjust the balance of cash.
Answer and Explanation:
The journal entries required to adjust the balance of cash as follows:
1. Cash Dr $1,128
To Notes receivable $1,100
To Interest revenue $28
(Being the cash is recorded)
Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue
2. Service expense Dr $78
Account receivable Dr $280
To cash $358
(being the cash paid is recorded)
here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets