Answer:
$2.835 in March and $0 in May.
Explanation:
As per the data given in the question,
The actual method of accounting is that the revenue is not recognized in the period when the actual cash is received but the period in which it is earned.Hence, May-31 income statement will not recognize any part of revenue and March-31 income statement will recognize the whole revenue of $2.835 million.
Hence, $2.835 in March and $0 in May.
Answer: The correct answers are "Out-group", "Participating style" and "Delegating style".
Explanation:
<u>1. Out-group:</u> you are frustrated at work because you feel that your supervisor only assigns you the mundane tasks and that you receive less support from her than do your teammates.
<u>2. Participating style:</u> you feel that your staff members are interested in assuming more responsibility and are ready to handle it so you start letting them share in more team decisions.
<u>3. Delegating style</u>: because your staff has been working together in their jobs for a long time and have a high degree of motivation, experience, and skill, you let them work pretty independently and try to stay out of their way.
The price of sugar that prevails in international markets is called the: Market futures price.
<h3>Market Futures price</h3>
The price of any commodity, sugar inclusive is usually quoted in two different ways.
The first of which is the market or the market futures price, which is the price reported in the news and regarded as the global trading price for such commodity. The spot price, on the other hand, is the cash price of commodities. This is what traders actually use for such commodity on the day of purchase.
Read more on market futures price;
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plico acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. philco uses the double-declining balance method.the depreciation rate on the equipment is 25%.
(1.00 / 8 years) x 200% = 25%
What is double-declining balance method?
A method of accounting known as the double declining balance (DDB) depreciation method entails depreciating some assets at a rate that is twice that of straight-line depreciation. As a result, depreciation increases during the first year of ownership and decreases thereafter.
Therefore,
The depreciation rate on the equipment is 25%.
To learn more about double-declining balance method from the given link:
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