Answer:
Journal Entry is as follows;
June 15
<em>DR</em> Accounts Payable <u>$1,000</u>
<em>CR</em> Cash <u>$400</u>
<em>CR</em> Notes Payable <u>$600</u>
Answer:
$5,566.84
Explanation:
to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:
present value (PV) = future value (FV) / (1 + interest rate)ⁿ
where:
- FV = $6,248.95
- interest rate = 12.253%
- n = 1
PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84
Answer:
Twisting
Explanation:
Twisting involves using names or titles that have tendency to misrepresent the true nature of a policy. It is an illegal practice done by some insurance manager or agent, as it involves twisting the truth about insurance policies.
For instance, an insurance agent who replaces an existing life policy for an insured individual with a new one by using misleading tactics, such as changing the name or title of the life policy is engaging in insurance twisting. The insurance agent usually induce or persuade the insured (existing policy holder) to take another policy by misrepresentation of the policy.
These agents usually engage in insurance twisting so as to get commissions from the insurance transaction at the detriment of their clients.
Answer:
Amount to be transferred out of Work in process = 5,400 units * $63.13
= $340,902
Explanation:
Finished goods
opening 1,100
production 5,300
closing - 1,000
Finished good = 5,400 units
Completed goods = finished goods transferred + 20% complete WIP
= 5,400 + 200 units (1000*20%)
= 5,600 units
Total cost = $2,540 + $351,000
=$353,540
Cost per unit = Total cost / Completed goods
= $353,540 /5,600 units
= $63.13
Even though the 200 units (1000*20%) are completed and are included in calculating the cost per unit but they are not transferred to the finished goods only 5,400 units are transferred to finished goods.
The only reason for the 200 units inclusion on calculating the cost per units is that they are complete and in the total cost they are included as they were incurred alongside the 5400 units transferred.
In an organization, the amount of work that must be done in the program definition phase is relative to the project that will be developed in the organization. What must be delivered at this stage are:
- the program letter
- Registration of Interested
- Program management plan
- Program kick-off
- benefit registration
- RAID log (risks, actions, issues and decisions)
- Program post-definition health check
<h3>Program definition</h3>
Therefore, this is the phase of the project where there will be communication about the program and authorization for the manager to proceed, containing in its definition the objectives and vision, benefits, governance, budget and responsibilities of the project.
Find out more information about organizational project here:
brainly.com/question/25846476