Answer:
The correct answer is option (c).
Explanation:
According to the scenario, the computation of the given data are as follows:
Budget sales of October = $500,000
Budget sales of November = $440,000
So, we can calculate the cash that will receive in November by using following formula:
Cash receive in November = Credit Budget sales of October + Cash budget sales of November
= ($500,000 × 50%) + $440,000 × 50%)
= $250,000 + $220,000
= $470,000
Answer:
The correct answer is False.
Explanation:
Foreign direct investment, in socialization is the placement of long-term capital in some part of the world, for the creation of agricultural, industrial and service companies, with the purpose of internationalizing.
There are several reasons for a company to decide to invest in another country. Almost all the arguments that have been offered for the existence of FDI can be grouped under three basic objectives: the attempt to participate in new markets, increase production efficiency through cost reductions and the attempt to exploit certain strategic assets. Next we will explain in more detail each of these three objectives.
Answer:
Debit Rent expense and credit prepaid rent for $3,250.
Explanation:
When rent is paid in advance, cash is exchanged for another asset known as prepaid expense. This entry is recorded as
Debit Prepaid expense
Credit Cash account
As the rent is used up, the entries required are;
Debit Rent expense
Credit Prepaid expense
Hence as at January 31, rent expense incurred
= 1/12 × $39,000
= $3,250
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a SALARY basis. Employees who are paid to complete a task, such as build a house are paid on a PIECE RATE basis. Salary system of compensation is often based on qualifications, seniority, experience and the degree of difficulty of the job that the staff is executing. Salary system usually have other bonuses attached. Piece rate system of compensation often pay workers for the work they have accomplished only.