Answer: <em>Option (D) is correct.</em>
From the given options, the following is least feasible to be taken in consideration as a substantive practice relating to payroll: <em>Test whether employee time reports are approved by supervisors.</em>
<em>Payroll commonly is a term that is referred to as the cumulative sum of money that an organization pays to an individual. It can also be stated as organization's records of individual's salaries, bonuses, and taxes. </em>
<em>Therefore it'll be futile to take in consideration "whether employee time reports are approved by supervisors", as a substantive procedure relating to payroll.</em>
Answer:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Explanation:
Data provided in the question:
Cost of the inventory purchased = $200,000
Amount paid in cash = one-fourth
= one-fourth of $200,000
= $50,000
For the remaining balance signed a note i.e = $200,000 - $50,000
= $150,000
Now,
This transaction will be recorded as:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Government-funded health insurance programs that claim to provide comprehensive funding of their clients' demands have commonly adopted a purposive (deductive) approach to the problem of health care funding.
Hope this helps!
Answer:
b. A cost that differs across decision alternatives.
Explanation:
When managers make business decisions, some costs are incurred when such decisions are made. They are called relevant cost. The main purpose of relevant cost is to avoid duplication of data that are not necessary, which could further make business decisions complicated.
Example of relevant cost is when a business or an organization checks whether or not to sell a business unit. The cost incurred in such decision is called relevant cost.
Answer:
interest portion of fifth payment = $66.89 ≈ $67
Explanation:
effective interest rate = 5% yearly
first payment = $200
second payment = $210
third payment = $220
fourth payment = $230
fifth payment = $240
sixth payment = $250
seventh payment = $260
eighth payment = $270
ninth payment = $280
tenth = $290
using a financial calculator, I determined the present value (principal) of the loan = $1,860.87
then I prepared an amortization schedule:
interest portion of fifth payment = $66.89 ≈ $67
