Answer:
invest, save and make passive income
Explanation:
I think the best way to earn money is to invest even if you don't have money there are a lot of ways that you can earn starting from 0. if you made it in your first thousand I think it's the best if you save it from now and use it in future investment even if you have enough you can now earn and even hire people from your business (if you want to start one) and you can invest at the same time you can have now a passive income from your business adding that to your investment which you will earn more and grow your business.
Interest expense on the $30,000 loan obtained from the city council on August 1 should be recorded.
The Journal entry for the Interest expense on the $30,000 loan will include a debit to Interest Expense account and a credit the Accrued Interest Payable account.
What is an Interest expense?This refers to cost incurred for borrowed funds such as on bonds, loans, convertible debt etc.
The effect on this on the journal entry is that its increases the expense and payable accounts.
Therefore, the record will include a debit to Interest Expense account and a credit the Accrued Interest Payable account.
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Roger Ginde is developing a program in supply chain management certification for managers. Ginde has listed a num- ber of activities that must be completed before a training program of this nature could be conducted. The activities, immediate pre- decessors, and times appear in the accompanying table: A—2 B—5 C—1 D B 10 E A, D 3 FC6 G E, F 8
Develop an AON network for this problem.
b) What is the critical path?
c) What is the total project completion time?
d) What is the slack time for each individual activity?
The Critical Path is B-D-E-G. See the definition of Critical Path below.
What is the meaning of Critical Path?Critical Path refers to the order of steps that determines the shortest amount of time required for a task.
What is the total project completion time?The Total Project completion time is 34 days. This is derived from the AON Network for the problem. See the attached.
What is an AON Diagram?AON (Activity - on -Node) diagram is a fundamental kind of logic diagram utilized for activity scheduling.
What is the slack time for each individual activity?Slack time is the duration of a job that can be postponed without affecting other tasks or the project's completion deadline.
Hence, the slack time for EACH activity is given as follows:
A : 22-8 = 14
B : 0
C : 34 -19 = 15
D : 0
E : 0
F : 34-19 = 15
G : 0
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Journalize this transaction as if jumpstart paid cash
The journal entry for the provided transaction is recorded by debiting the office supplies and crediting the cash with equal amounts of $870.
What is a journal entry?A journal entry is an entry passed in the book of the journal to record the financial transactions of a company.
The journal entry is recorded as follows:
Date Particulars Debit Credit
Jan 12 Office supplies 870
Cash 870
(To record the purchase of office supplies in cash)
The complete question should be as follows:
On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash.
Therefore, the journal entry is described and recorded as above.
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