Answer: D, If Silver uses the accrual method, $195,000 in 2018 and $0 in 2019
Explanation: Accounting for organisations are recorded in accrual basis and not cash basis. This means that all income and expenses pertaining to a particular year is accounted for in that year.
Silver Inc. will record in its books the total salaries due to its staff for any particular year in the year the expense was incurred. if paid in that year it will be recorded thus:
Debit salaries as salaries expenses for the period
Credit bank as salaries paid.
If salaries are not paid in the year it was incurred, it will be recorded thus:
Debit salaries as salaries expenses for the period
Credit salaries payable account as accrued salaries
when treated this way, it will give room to silver inc to recognise that they owe salaries that are yet to be paid which will reflect in their financial statement as Payable in the current year.
Answer:
$880
Explanation:
Sales excluding sales tax
11880/(1+0.08)
11880/1.08
= $11,000
Sales tax payable =
Total sales including sales tax - Sales excluding sales tax
= $11,880 - $11,000
= $880
Therefore, sales tax payable is $880
Answer:
B) $32,000
Explanation:
The computation of the margin of safety is shown below:
= Expected sales - break even sales
where,
Expected sales = $224,000
Break even sales is
= Fixed cost ÷ Contribution margin ratio
= $76,800 ÷ 40%
= $192,000
so, the margin of safety is
= $224,000 - $192,000
= $32,000
Hence, the correct option is b.
What are the answers a picture
Answer:
Skunkworks.
Explanation:
In the context of promoting organizational learning and intrapreneurship, the idea behind the role of <em>Skunkworks</em> is that, if intrapreneurs are isolated, they will become so intensely involved in a project that development time will be relatively brief and the quality of the final product will be enhanced.
A Skunkworks project typically represents an innovative project comprising of a loosely structured small group of people, usually outside the research and development departments of an organization. The Skunkworks is made up of well seasoned individuals or experts who research, quickly design or develop, and test innovative solutions for a project in order to enhance radical innovation.
As a result, isolating the intrapreneurs would enhance the rapid development and quality of the final product in a project.
Please note, Skunkworks has its origination from Martin Lockheed's World War II Skunkworks in the Advanced Development Projects (ADP).