Answer:
b. It is important to realize that for training to be effective, both learning and transfer of training are needed.
Explanation:
Training is an educational process which involves the sharpening of skills, concepts, changing of attitude and gaining more knowledge to enhance the performance of the employees.
Answer:
Explanation:
The journal entries are shown below:
a. No entry passed
b. Office expense A/c Dr $38
To Cash $38
(Being bank service charges paid)
c. Cash A/c Dr $32
To Interest revenue $32
(Being interest received)
d. No entry passed
e. Accounts receivable A/c Dr $570
To Cash A/c $570
(Being check returned)
The deposit in transit and outstanding checks should not be recorded. So, no entry is passed.
Cost of goods sold (Periodic System) = Beginning inventory + (Purchases, net of returns and allowances, and purchase discounts) + freight in − Ending inventory .
COGS = Cost of goods sold
COGS = 46200+(401100-13500-11300)+16000-57900
COGS = 380600
The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.
First In First Out (FIFO), Last In First Out (LIFO), and the Average Cost Method are the three techniques that a business might employ when tracking the amount of inventory sold over a given time period.
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These are called in kind benefits or benefits in kind. They are benefits which are given to employees or directors from their company. However, these are not included in their salary wages. They are also called perks or fringe benefits and they include things like company cars, medical insurance, and cheap loans.<span> </span>
Answer:
Annual depreciation= $10,160 a year
Explanation:
Giving the following information:
Ivanhoe Company purchased a new machine on October 1, 2017, for $77,980. The company estimated that the machine has a salvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (77,980 - 6,860)/7= $10,160 a year
