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Mamont248 [21]
3 years ago
12

The Long family spent $38.62 for school supplies and $215.78 for new school clothes. They paid 6.8 sales tax on their purchases.

If the Long family paid $269.07 total, determine if they paid the correct amount.a. The Long family paid $2.63 too little for their purchases.b. The Long family paid the correct amount for their purchases.c. The Long family paid $1.61 too much for their purchases.d. The Long family paid $2.63 too much for their purchases.
Business
1 answer:
avanturin [10]3 years ago
4 0
A. The long family paid 2.63 too little for their purchase. :)
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On January 1, 2020, Swifty Corporation granted an employee an option to purchase 15000 shares of Swifty's $5 par value common st
nalin [4]

Answer:

For 2021, should recognize compensation expense under the fair value method of $170,500

Explanation:

According to the given data we have the following:

option pricing model determines total compensation expense to be $341,000

Also, The option became exercisable on December 31, 2021, after the employee completed two years of service.

Therefore, in order to calculate the amount should recognize compensation expense we would have to make the following calculation:

amount should recognize compensation expense=$341,000/2

amount should recognize compensation expense=$170,500

For 2021, should recognize compensation expense under the fair value method of $170,500

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3 years ago
Procter & Gamble is a consumer products company. It launches many new products every year. The team for each new product mus
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Answer:

C. Matrix Organisation.

Explanation:

This is an organisation or work pattern where one/employee reports to more than one boss. It is used mainly in the management of large projects or product development processes, drawing employees from different functional disciplines for assignment to a team without removing them from their respective positions.

Employees in a matrix organization report on day-to-day performance to the project or product manager whose authority flows sideways (horizontally) across departmental boundaries.

4 0
4 years ago
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If you have an account with 31.99% APR, what is the periodic interest rate for February, June,
Ainat [17]

Answer: 2.67%

Explanation:

Periodic interest rate refers to the Annual Percentage Rate (APR) converted to the periods in question. It is calculated by dividing the APR by the number of periods it is to be converted to.

If for instance a monthly periodic rate is needed, divide APR by 12 as there are 12 months in a year.

If it is a daily periodic rate needed, divide the APR by 365 as that is the number of days in a year.

This question is asking for a monthly periodic interest rate:

= 31.99% / 12

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7 0
3 years ago
A transaction is initially recorded in the journal, and then subsequently posted to the general.
Sergio039 [100]

A transaction is initially recorded in the journal, and then subsequently posted to the general ledger

This is further explained below.

<h3>What is a ledger?</h3>

Generally, A book or group of accounts in which transactions pertaining to those accounts are documented is referred to as a ledger.

Each account has a carry-forward balance or a starting balance, and it would record each transaction as either a debit or a credit in distinct columns, as well as the account's ending or closing amount.

In conclusion, When a transaction occurs, it is first written down in the journal, and then it is later entered into the general ledger.

Read more about  ledger

brainly.com/question/14853484

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5 0
2 years ago
The following are nine technical accounting terms introduced or emphasized in this chapter. Responsibility margin Transfer price
Ostrovityanka [42]

Answer: Please refer to Explanation

Explanation:

The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.

a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.

b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE

c. Fixed costs that are readily controllable by the manager. NONE

d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.

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f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.

g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.

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