<span>The process of earning your income is called earning a living. It may be because we need different things to live a comfortable life. For these, we need a income first. So by earning income, we are indirectly earning a (comfortable) living.</span>
Answer:
$9,200
Explanation:
The computation of the opportunity cost of going to summer school is presented below:
= Summer tuition fees and cost of books + earning if working somewhere
= $2,200 + $7,000
= $9,200
In order to determine the opportunity cost, we considered the summer tuition fees & books cost and earnings
And, the summer rent is a fixed cost so it would not be included.
Answer:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
Explanation:
The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
I guess there should be an options to choose. Anyway, I think correct answer is: When managing your human resources, selection is the process of deciding who should be hired, under legal guidelines, to serve the best interests of the individual and the organization. Selection is the process of choosing someone who fits the best by the particular criteria.
Answer:
the company’s basic EPS is $37.14
Explanation:
Basic Earnings per share = Earnings attributable to holders of common stock ÷ Weighted Average Number of Common Stocks
<u>Step 1 : Calculation of Earnings attributable to holders of common stock</u>
This is given. It is the Net Income during the current year of $260,000
<u>Step 2 : Calculation of Weighted Average Number of Common Stocks</u>
Outstanding Stocks at the beginning of the year 10,000
Less Sold Stocks - On Weight Basis (6/12 × 6,000) 3,000
Weighted Average Number of Common Stocks 7,000
Therefore,
Basic Earnings per share = $260,000 ÷ 7,000
= $37.14
