Answer: Greater than or equal to $25
Explanation:
Transfer price is the price at which products are sold between different departments of a firm.
The need for transfer price is borne out of the fact that some departments finished products are the raw materials for another
There is also the need for effective evaluation of the departments as a separate units .
Some Frm's usually gives there departments permission to sell at the prevailing market price considering the fact this is lowest price the buying department will be able to obtain it in the market.
In the example above the fungal division will only be able to obtain the product at the current market price of $25 which is the basis for this answer.
<span>Step 1:
Females who attend college = 0.80 * 0.90 = 0.72
Step 2:
Females who did not attend college = 0.80 * 0.10 = 0.08
Step 3
Male who attend College 0.20 * 0.78 = 0.156
Step 4
Male who did not attend college 0.20 * 0.22 = 0.044
So 0.044(4.4%) is the probability that the person selected is a male who did not attend college</span>
Answer:
Explanation:
From the above question, three reasons for the downward slope of the demand curve and the effect with the component of aggregate demand are:
1. Net Exports : the international trade effect
2. consumption : the wealth effect
3. investment : the interest rate effect
Answer:
The answer is B. After the income statement and before the statement of owner's equity.
Explanation:
Income Statement shows the profitability of a business over a period of time.
Balance sheet shows the financial position of a business at the end of the period.
Statement of owner's equity shows the changes in owner's equity over a period of time.
Balance sheet is prepared after the income statement because profit for the year(net profit) in income statement is a line item under owner's equity in balance sheet. It must be known and the figure(net income) must be transferred to balance sheet (equity).
It is prepared before the statement of owner's equity because changes in equity (difference between opening and closing balance under equity in balance sheet) is a line item under changes in owner's equity. Also, issues of shares(in balance sheet) is a line item under statement of changes in owner's equity.
<h3>
Answer:</h3>
Debiting salaries Expense $400 and Crediting Salaries payable $400.
<h3>
Explanation:</h3>
We are given;
1 employees earns $ 100 a day
Therefore;
2 employees will earn $ 200 a day
The month ends on Tuesday, but the two employees works on Monday and Tuesday.
- Therefore, the month-end adjusting entry to record will be the amount earned by the two employees on the two days.
Two employees for 2 days = $200/day × 2 days
= $400
- But, salary is an expense, and in the accounts an increase in expense account is debited.
- According to the rule of double entry, an increase in salaries expense decreases the salaries payable. Therefore, we debit salaries expense account and credit salaries payable account.
- Therefore, the month-end adjusting entry to record the salaries earned but unpaid would be;
Debiting salaries Expense $400 and Crediting Salaries payable $400.