Answer:
Option 1 is correct because Income is the amount that we receive from our customers when we sell them our product. In this case, the amount should be received was $1000, which the Kelly can use to buy the product she has exchanged its product with the item.
The entry will be contra entry:
Dr Purchases $1000
CR Income $1000
When a sales manager determines that her staff is not making sufficient progress toward meeting monthly sales quotas and develops a plan of corrective action, which shows that <span>she is performing the management function of <span>CONTROLLING.
Because, </span></span> her important duty as a controller is to set a goal and performance standards.
Answer:
$221,600
Explanation:
The computation of the depreciation expense for the year 2021 is as follows:
Depreciation expense is
= (Cost - Salvage value) ÷ Useful life
= ($840,300 - $87,000) ÷ 9
= $83,700 per year
Now the book value would be
= $840,300 - ($83,700 × 3 years)
= $589,200
And, finally the revised depreciation is
= ($589,200 - $146,000) ÷ 2
= $221,600
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Here we need to find the length of an annuity. We know the interest rate, the PV, and the payments. Using the PVA equation:
PVA =C({1 – [1/(1 +r)t]} /r)
$14,500 = $500{[1 – (1/1.0155)t] / 0.0155}
Now we solve for t:
1/1.0155t = 1 − {[($14,500)/($500)](0.0155)}
1/1.0155t= 0.5505
1.0155t= 1/(0.5505) = 1.817
t = ln 1.817 / ln 1.0155 = 38.83 months
<u>Account will be paid off in 38.83 months.</u>
The one who will most likely have a higher BAC is the father because a person who is older will most likely have the higher BAC, as the father is already seventy five and much older to his son, he will be therefore have a higher BAC compared to his son.
