Answer:
A) Operating expenses are increased
Explanation:
when the wages are subsequently paid, the liability account is not affected as well as the cash account, retained earnings is not affected and also the operating income is not affected.
Therefore, The operating expenses have to increase as the wages count towards operating expenses.
Accept it
Answer: Option A.
<u>Explanation:</u>
If the individual risk affecting is minor in the meeting, then it should be accepted. Because lesser the risk related to a particular system more are the chances of growth and development of that process and the success of the process.
Less the factors of risk, more are the chances that the objectives for which the process was started would be accepted and achieved. This means that it should be accepted.
Answer:
The preparation is shown below:
Explanation:
The preparation is shown below:
Balance sheet
Current liability
current portion of long term debt $6,200,000
Long term liability
notes payable $32,900,000
Total liabilities $39,100,000
We simply classify the liabilities into two types i.e current liabilities and the long term liabilities
Answer:
The company's predetermined overhead rate for 2019 is $23,60
Explanation:
According to the given data we have the following:
Budgeted overhead = $2,100,000
Budgeted direct labor hours = 89,000
Overhead is applied based on direct labor hour.
Hence in order to calculate the company's predetermined overhead rate for 2019 we would have to make the following calculation:
overhead rate per direct labor hour = $2,100,000 / 89,000
overhead rate per direct labor hour =$23.60
The company's predetermined overhead rate for 2019 is $23,60
Answer:
- Maude analyzes statistics to determine the level of risk a customer represents.
- Dominique explains policies and rules to customers.
- Lou documents information about customer incidents,
Explanation:
Insurance is a contract between an insurance( insurer) company and the client ( insured). The contract is presented in a contract document called the policy. The insurer assesses the risk associated with the insured before committing to the contract. The insurance company should educate the insured on the terms and conditions in the insurance contract.