Answer:
instrumentality
Explanation:
Based on the information provided within the question it seems that this will most likely affect his instrumentality. Meaning his quality of serving as a means to an end. This is because the worker is working hard in order to progress in the company and not have to work so hard in the future. If this does not happen then he will begin to become discouraged and not work as hard anymore.
Answer and Explanation:
The journal entry to record while receiving the note is shown below:
Notes receivable Dr. $14,000
To Accounts receivable $14,000
(Being receiving of the note is recorded)
Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets
The same is to be considered
Answer:
A firm with financial leverage has a larger equity multiplier than an otherwise identical firm with no debt in its capital structure.
Explanation:
The equity multiplier basically tells us what portion of the company's assets were financed through equity, i.e. what portion was financed by the company's owners.
the formula to determine the equity multiplier = total assets / total equity
the higher the equity multiplier, the higher the return on equity (ROE), but a high equity multiplier (financial leverage) also increases the company's risk since eventually it might not be able to pay off its creditors if something goes wrong.
Answer:
Debit Depreciation Expense, $960; Credit Accumulated Depreciation, $960.
Explanation:
Depreciation is an expense recorded in the income statement. An expense account is created to record annual depreciation in a given year. Since depreciation is an expense, an increase is captured by debiting the account. The depreciation amount will be credited to the accumulated depreciation account as per the rules of double-entry accounting.
Accumulated depreciation is the natural contra entry account for the depreciation account. The account is used to recorded accumulated depreciation up to the current period. Accumulated depreciation account is because it reduces the book value of the asset.
