The inflation can be measured by the percentage of change in the CPI.
From the givens:
The change between year 1 and year 2 = 150 - 120 = 30
Now, the percentage of change can be calculated as follows:
% of change = (change in CPI/original CPI) * 100
% of change = (30/120) * 100 = 25%
From, the definition, inflation is measured as the percentage in change of CPI, therefore, inflation = 25%
Answer: The statement "D) context, composition, and process factors" represents the three general categories into which the key components of effective teams are grouped.
Explanation: Context: obtaining adequate resources, effective leadership, a climate in which confidence abounds and performance control and rewards that demonstrate the contributions of the team are the factors of the context that are related to the operation of the team.
Composition: These are the variables that are taken into account when establishing the way in which the equipment should be integrated. The capacity and personality of the members, the size of the group, the roles and the flexibility of the working group are taken into account.
The factors of the process are the effectiveness of the team, conflicts at a manageable level, the commitment of each participant in the group for a common purpose and set goals for the team.
Answer:
Answer is explained in the attachment.
Explanation:
Answer:
rent expense 2400
Prepaid Rent 2400
--expired rent--
Deferred Revenue 750
Service Revenue 750
--acrued revenue--
Salaries expense 700
salaries payable 700
--accrued salaries--
Supplies 3200
supplies expense 3200
--supplies used--
The trial balance is attached.
Explanation:
a) 7,200 is the contract value for 6 months
we divide by 6 month and then, we multiply by 2 month accrued for the year (november and december)
b)we decrease the portion earned and recognize the gain
c) we recognize a liability and the wages expense associate for this wages
d) the difference between the book value and supplies on hand will be considered consumption so, supplies expense
For the ajusted trial balance, we will adjust the balance of eahc account considering the beginning balance
Answer:
According to the flexible budget, income from operations will increase from $557,000 to $915,000 if the units sold increase from 15,000 to 18,000 during 2017.
Explanation:
sales revenue should increase to $4,050,000
cost of goods sold should increase to: ($2,237,000)
- direct materials $1,260,000
- direct labor $180,000
- machinery repairs $54,000
- depreciation (fixed) $315,000
- utilities $228,000
- management salaries $200,000
gross profit $1,813,000
S&A expenses increase to: ($898,000)
- packaging $72,000
- shipping $108,000
- sales salaries (fixed) $260,000
- advertising expense (fixed) $127,000
- adm. salaries (fixed) $241,000
- entertainment (fixed) $90,000
income from operations $915,000
