Answer:
The answer is 62% (B)
Explanation:
The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.
Also, I just got this question and I got it correct.
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Answer:
Cash balance is $652,440
Explanation:
The cash balance is computed as:
Cash balance = Checking account balance + Cash Advance
= $651,600 + $840
= $652,440
Future plant expansion would not be included in cash balance because it is restricted to use as it is kept for future expansion.
Advance to executive will not be included in the cash balance because it is an advance which is receivable in future.
Refundable deposit will also not be included as it is refundable in nature and act as receivable.
Treasury bill is not included as it represent temporary investment.
Answer and Explanation:
The preparation of the balance sheet is presented below:
<u> </u><u> Keisha King </u>
<u> Balance sheet</u>
Assets
Current Assets
Cash $2,000
Accounts receivable $17,000
Office supplies $4,250
Total current assets $23,250
Land $36,000
Office equipment $28,000
Total fixed assets $64,000
Total assets $87,250
Liabilities
Current liabilities
Accounts payable $7,500
Total current liabilities $7,500
Total liabilities $7,500
Equity
Common stock $76,470
Retained earning $3,280 (Working note)
Total equity $79,750
Total liabilities and owners equity $87,250
Working note:
As we know that
Retained earning = Sales - rent expense - salary expense - telephone expense - miscellaneous expense - dividend paid
= $19,000 - $3,420 - $7,600 - $660 - $680 - $3,360
= $3,280
Answer:
True
Explanation:
Job Specification is comprehensive set statement to demonstrate the pre-requisite of any job for which any hiring is to be done. Job specification includes information about job designation, location , roles and responsibilities, qualifications, skill set required, experience in terms of number of years, job objective and other necessary details specific to the job.
The objective of job specification is
- To ensure that people with only right skill apply for job
- It makes easier to filter out candidates based on the mapping of requirement and candidate profile
- It makes easier for hired person to understand his responsibilities and get molded it into the role easily.
Since the problem says that Career builder has posted for sales management position which includes information on number years of experience and educational qualification, which is part of job specification and hence the statement is true.
Answer:
SITUATION 1 2
a) Income tax payable currently. $14,000 $30,000
b) Deferred tax asset - balance at year-end. $1,800 $4,600
c) Deferred tax asset change dr or (cr) for the year. $800 $0
d) Deferred tax liability - balance at year-end. $0 -$1,800
e) Deferred tax liability change dr or (cr) for the year. $0 -$800
f) Income tax expense for the year. $13,200 $30,800
Explanation:
Note: See the attached excel file for all the calculations of all the answers a to f above.