Answer: Assets increase $4,500 and liabilities increase $4,500.
Explanation:
An asset are the properties which a business or an organization owns. An asset possess an economic value.
Since the equipment purchased is an asset, this will lead to an increase of assets by $4500 and since it was bought on credit and hasn't been paid for, liabilities will also increase by $4500.
Answer:
correct option is b. job-order cost sheet
Explanation:
A job order cost sheet is subsidiary to work in process
because job-order cost sheet are the documents that is use for record the manufacture cost.
and all necessary and important detail of cost & job is written in job cost sheet
and it is also accounting record of the company
so here given that primary document for accumulate all cost related to a particular task
so correct option is b. job-order cost sheet
Answer:
a. Dividend
b. $500,000
Explanation:
a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount
b. The reduced amount would be lower of the distributed amount or 50% of Total E&P
Distributed amount is $500,000
And, the 50% of total E&P is = $8,000,000 × 50% = $4,000,000
So, the lesser amount is $500,000 which is reduced its total E&P
Answer:
A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in these fields usually have jobs and need to be enticed to apply elsewhere. To identify individuals who are likely to be a good match, hiring managers should<u> use social media.</u>
EXPLANATION:
Nowadays, social media has taken over and has helped in making several tasks easier. Job search and hiring have been made a lot easier by the use of social media platforms.
The hiring managers of the technology company should use social media platforms, for example, LinkedIn to reach out for all people that fit into the job. Using social media, one can easily screen out for people having experience similar to the job requirements.
Answer:
59,700 units
Explanation:
The computation of the equivalent units for the conversion cost is shown below:
= Opening work in process units × completion percentage + units started and completed × completion percentage + ending work in process units × completion percentage
= 4,600 units × 100% + 36,500 units × 100% + 31,000 units × 60%
= 4,600 units + 36,500 units + 18,600 units
= 59,700 units
