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2 years ago

8

during the month, the company's office manager used a company-issued credit card to purchase stamps. at the end of the month, th

e entry to record this employee purchase will include a credit to accounts payable. group startstrue or false

1 answer:

madam [21]2 years ago

7 0

Answer: true

Explanation:

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A company would like to evaluate two incentive schemes that take effect once the worker exceeds standard performance. In the fir

Lerok [7]

Answer:

B) plan 1 : worker earning y = x - 0.14 , unit labor = $\frac{x-(0.14)}{x}$

plan 2 : worker earning y = 0.5x + 0.5, unit labor = (0.5x + 0.5) / x

C) At 128%

D ) plan D IS PREFERABLE

Explanation:

In the first case Benefits are split : 30% to worker , 70% to company ( up to 120% ) performance

In the second case benefits 50% go to the worker and 50% go the company

B) The equations for worker earnings and normalized unit labor costs for each scheme

Plan 1 :

y ( percentage earning of worker ) = 1

unit labor cost = Y / 1

y = 0 - 30

unit labor = 0.3 / x

y = x - 0.14 therefore unit labor = $\frac{x-(0.14)}{x}$

plan 2 :

y ( percentage earning of worker ) = 1, y = 0.5x + 0.5

unit labor cost : Y / 1 = (0.5x + 0.5) / x

C ) The point at which the two plans break even

0.5x + 0.5 = x - 0.14

0.5 + 0.14 = x - 0.5x

0.64 = x(1 - 0.5 )

x = 0.64 / 0.5 = 1.28 = 128%

D) The company would prefer plan 1

5 0

3 years ago

Describe five features of economic resources

soldi70 [24.7K]

Answer:

5 Features of economic resources

Features of economic resources include:

Scarcity. They are found in small quantities compared to the many uses into which they have to be put and hence not sufficient to satisfy all human wants.

Monetary Value. ...

Uneven distribution. ...

Combinability. ...

Usefulness. ...

Transferability.

Explanation:

Private: Easily excluded and subtractive. Common pool: Difficult to excluded and subtractive. Toll: Easily excluded and jointly consumption. Public: Difficult to exclude and jointly consumed.

6 0

4 years ago

During an ice hockey game, Claude silently skates up to Gordie from behind and hits him over the head with his stick. Claude is

OverLord2011 [107]

Answer:

battery

Explanation:

Based on the information provided within the question it can be said that If Gordie sues Claude, Claude would be guilty of battery. In the context of criminal behavior, Battery refers to the crime of being aggressive and making contact with another person, with or without his or her consent. It is a type of assault charge but the person must have made physical contact with the victim.

4 0

3 years ago

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum

Nataliya [291]

Answer:

On disposal, the carrying amount of the asset is derecognized by

Debit Other income/disposal account (p/l) $20,000

Credit Asset account $20,000

Being entries to derecognize the cost of the delivery van

Debit Accumulated depreciation account $18,000

Credit Other income/disposal account (p/l) $18,000

Being entries to derecognize the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account $2,000

Credit Other income/disposal account (p/l) $2,000

Being entries to record cash collected on disposal of the asset

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by

Debit Other income/disposal account (p/l)

Credit Asset account

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

With the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

4 0

4 years ago

You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial

jonny [76]

Answer:

balance in the margin account therefore goes down from $2,000 to $1,800

Explanation:

given data

contract = 100 units

futures price = $1,010 per unit

initial margin = $2000

maintenance margin = $1500

futures price rises = $1,012 per unit

solution

we get here by short sold the futures contract so profit when price goes up is

loss = $1,012 - $1,010 = 2 per unit

short position loss is = 2 × 100 = 200

Margin account balance at the end of the day = Initial margin - loss due to increase .......................1

Margin account balance = $2000 - $200 = $1800

so balance in the margin account therefore goes down from $2,000 to $1,800

4 0

3 years ago