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stepladder [879]
2 years ago
8

d). Management has decided that those employees whose scores are among the top 10% will be considered for promotion to a better

job position. What score must an employee make in order to be eligible for promotion
Business
1 answer:
erastovalidia [21]2 years ago
5 0

Answer

true

Explanation:

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Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $43,000 per year forever.
evablogger [386]

Answer:

rate = 6.3235%

At a market rate of 6.3235% this will be  a fair deal

Explanation:

under perpetuities the principal is never redeem. the investor receive cash payment for an indefinite period of time

This means:

perpetuities  present value = C/r

where:

C= annual payment

r= rate

680,000 = 43,000/rate

43,000/680,000 = rate

0.06323529 = rate

rate = 6.3235%

5 0
3 years ago
During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance wi
timofeeve [1]

Answer:

$800,000

Explanation:

Given that;

Sales revenue = $800,000

Cash collected = $645,000

Remaining amount cash collected in January = $155,000

And the delivery of goods is $11,100

Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.

It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.

8 0
2 years ago
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2016, trial
dlinn [17]

Answer:

purchase of supplies 5,600

insurance expense      2,300 debit

           prepaid insurance            2,300 credit

Explanation:

(1) What was the cost of supplies purchased during December?

invneotry identity:

beginning supplies + purchase = ending supplies + expense

the left side are the input. The supplies could come from previous prior or be pruchase.

The right side the outputit could be consumer or kept at stock

3,100 + p = 4,600 + 3,600

purchase = 4,600 + 3,600 - 3,100 = 5,100

(2) What was the adjusting entry recorded at the end of December for prepaid insurance?

beginning insurance 7,600

ending insurance     (5,300)

adjustment:                2,300

there was insurance expired for the value of 2,300

6 0
3 years ago
Lore Co. changed from the cash basis to the accrual basis of accounting during 2005. The cumulative effect of this change should
marysya [2.9K]

Answer: Prior period adjustment resulting from the correction of an error.

Explanation:

The Cash basis method is not acceptable under both IFRS and U.S. GAAP accounting principles and these are the principles followed by the majority of the world so Lore Co. was using the cash basis in violation of both conventions which means that their accounting records before the change are considered wrong and full of errors.

In changing to the acceptable principles, they are correcting that error and need to adjust prior periods for that error as well.

8 0
2 years ago
Please ask a question of 50 points​
MrRa [10]

my question is why do we need to do it  i know you asked nicely but i just wanna know

3 0
3 years ago
Read 2 more answers
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