Answer:
$5000
Explanation:
Since Elm City issued a purchase order for supplies with an estimated cost of $5,000, although when the supplies were received, the accompanying invoice indicated an actual price of $4,950, the amount that Elm should credit to encumbrances outstanding in its general fund after the supplies and invoice were received; is $5000
Notice that encumbrances are set aside funds for a purpose, therefore upon ordering, encumbrances balance would increase, and Elm would have passed the following entry
Dr. Encumbrances...$5000
Cr. Fund Balance.....................$5000
Therefore even if the supply came with a shortfall in amount, in order for Elm City to show that the purpose for making that encumbrance has been met, it has to be liquidated by crediting the Encumbrance account by the full amount of $5000
Answer:
Degree of Operating Leverage = 1.24
Explanation:
given data
Selling price = $35.50 per bear
Total fixed cost = 1,450.00 per month
Variable cost = 16.50 per bear
sells = 390 bears
solution
we get here Degree of Operating Leverage that is express as
Degree of Operating Leverage = Contribution Margin ÷ Operating Income .................1
and
Contribution Margin = Sales - Variable cost .................2
Contribution Margin = (390 bears × $35.50) - (390 bears × $16.50)
Contribution Margin = $7410
and
Operating Income = Sales - Variable cost - Fixed Costs ................3
Operating Income = (390 bears × $35.50) - (390 bears × $16.50) - $1450
Operating Income = $5960
so put value in equation 1
Degree of Operating Leverage =
Degree of Operating Leverage = 1.24
Answer: Culture
Explanation:
The culture is one of the main factor that basically influence the customer decisions process and it also affect the behavior, principle, value and the beliefs of the individual person.
Culture is the term which is used to refers to the tradition, values and the rules follow by the common nationality and the religion.
According to the given question, there is two different types of facts explained about the mother feeding and both the indicating different culture influences. Therefore, Culture is the correct answer.
Answer:
Confirm decision with FASB.
Explanation:
An ethical issue is any situation where a person or an organisation has to make a decision if a situation is ethical or not.
Steps to examining ethical issues includes;
1. Recognise the ethical issue
2. Establish the facts of the situation.
3. Recognise the values the ethical issue violated
4. Recognise alternative course of action.
5. Make a decision.
6. Evaluate each course of action.
I hope my answer helps you
Answer:
The correct answer is option B.
Explanation:
The rate of economic growth tends to be greater in the follower or developing countries as compared to the leader or developed countries.
A major reason behind this is that the leader countries develop new technologies at a high cost. While follower countries are able to adopt these technologies at a cheaper rate.