Answer:
I disagree. It is clearly a bank liability.
Answer:
ending inventoryt (inventory at hand) <u> 102,500</u>
Explanation:
First we calculate the total cost for the Job:
Materials 120,000
Labor 180,000
Overhead <u> 110,000 </u>
Total cost 410,000
Then we distribute over the units produced to calculate the unit cost:
Units Produced 4,000
total cost 410,000 / units produced 4,000 =<u> 102.5 unit cost</u>
Now we calcualte the value fo the units at hand:
<u>unit at hand refers to ending invnetory</u>
we produce 4,000 we sale 3,000 ending inventory 1,00
ending inventory : 1,000 x 102.5 = 102,500
Answer:
2021 understated by $3,060
2022 overstated by $3,060
Explanation:
<u>June 30, 2021</u>
DEBIT CREDIT
Note receivable $68,000
Sales $68,000
<u>Dec 31, 2021</u> (July 1, 2021 to Dec 31 2021)
DEBIT CREDIT
Interest receivable $3060
Interest Income $3060
Working = 68,000 x 9% x6/12 = $3060
<u>March 31, 2022</u>
DEBIT CREDIT
Cash 72,590
Interest receivable 3,060
Interest income 1,530
Note Receivable 68,000
Working = 68000 x 9% x 3/12 = 1,530
2021 income will be understated by $3,060 if adjusting entry is not prepared and revenue is not recognized
2022 income will be overstated by $3,060
Willie appears to be an important part of the informal Organization
Explanation:
The informal organization comes from the purposeful development of a system of interactions. Willie has little influence in the formal association, but love for him in the department of development makes it very important for him to engage in the informal organisation.
The primary role of informal organizations is essentially to preserve people's values and beliefs. If you can socially associate yourself, you always feel a sense of cohesion. As a result, an informal organization has another function that will provide members with social satisfaction.
