Answer: Medium of exchange.
Explanation:
The $50 is given in exchange for an iPod, therefore in the question's illustration money serves as a medium of exchange. Money as a medium of exchange means that money is needed when conducting business transactions that involves buying and selling.
Answer:
d) $38,000 Debit balance.
Explanation:
Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs
= $472000 / $2,360,000
= 0.2
= 20% of direct labor costs.
Applied overheads = (20%*Actual direct labor costs)
Applied overheads = 20% * $1,980,000
Applied overheads = $396,000
So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)
The bill of lading is the type of receipt that provides information showing that 2,000 air filtration units had been delivered to its warehouse.
<h3>What is a bill of lading?</h3>
A carrier will issue a bill of lading to confirm receiving cargo for shipment. A bill of lading can be used for any sort of good transportation today, despite the fact that originally the phrase was exclusively used to refer to shipping. A contract, a receipt attesting to the carrier's receipt of the goods, and a document of title are all purposes served by the bill of loading.
Consequently, it is a document that goes with freight that outlines the agreement between the shipper and the carrier and sets down the rules that apply to their interaction when products are transported. It provides information about the shipment's cargo and transfers ownership of the shipment to the designated recipient party.
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Answer: mary will pay $0 and her employer will pay $7.20
Explanation:
Federal unemployment rate = 0.6%
Gross income as of 31/12/19 = $5800
Maximum amount = $7,000
Mary's gross earning
as at 15/12/19 = $3,000
Employer's pay = rate × ( $7,000 - $5,800)
0.6% × $1,200
0.006 × $1,200 = $7.20