Answer:
The agency agreement is terminated upon destruction of the property.
Answer:
Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units
Explanation:
Production Cost Report:A summary of both production quantity and cost data for a production department.
Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.
Equivalent units of Production:Work done during a period expressed in fully completed units.
Unit Production Costs: Costs expressed in terms of equivalent units of production.
Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.
Total Units Accounted for:Units transferred out during the period plus units in ending work in process.
Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.
Units Transferred out:Total units accounted for minus units in ending work in process.
Answer:
State unemployment tax payable A/c Dr $168
To Cash A/c $168
(Being state unemployment taxes are paid for cash)
Explanation:
The journal entry to record the payment of the unemployment taxes is shown below:
State unemployment tax payable A/c Dr $168
To Cash A/c $168
(Being state unemployment taxes are paid for cash)
For recording this transaction, we debited the State unemployment tax payable as it increase the liability and cash account should be credited as it reduce the current assets
Answer:
A) Using a change management system to influence performance
Explanation:
First of all, since the change was proposed by the customer, any delay in the construction project caused by their new request should not trigger the damage clause.
The contractor should use a change management system so the existing baseline is not altered by the delay. A change management system is responsible for managing all the changes that might occur during the project's inception until its completion. It is important that all changes or alterations to the original schedule are properly recorded and authorized (in this case to prevent the damage clause).
By using the change management system, the organization has a standardized methodology for handling changes in the project's schedule. This way any negative impact can be reduced.
We can compute this using the Annual depreciation charge
Use the formula:
depreciationcharge= (Co-Cn)i/[(1+i)^n-1)]
where
Co= initial amount= $100,000
Cn- value after n years= $0
n= life of account= 6
i= interest rate=10%
Sunstituting all the values, we will get,
depreciation charge = $12960.74
The bank will have to pay Sara shouppe $12960.74 for the investment of $100000 with 10% interest.
