Answer:
Workmen Compensation
Explanation:
The insurance of government which provides the medical care aid and the income to the employees who get injured at the job is the workers compensation insurance covers .
It is that cost of rehabilitation and medical care for employees injured at the place of job. It also compensates the employees for lost wages and give death benefits for their dependents.
Answer:
Will switching to a perpetual inventory system strengthen Triple Creek Hardware’s control over inventory items?
- Yes, a perpetual inventory system provides updated information about inventory levels and costs. Since it is updated immediately, many of the company's problems could be solved, e.g. you can place an alert for minimum inventory levels on certain products and you can determine if the stocks of low sellers are too high.
Will switching to a perpetual inventory system eliminate the need for a physical inventory count?
- It will not completely eliminate the need to carry out a physical inventory, but it should reduce it substantially. Also, you can carry out a random physical inventory for certain products only. If the physical count shows that there are problems with the registered inventory, then you can carry out a complete physical count.
Answer:
Medium of Exchange
Explanation:
A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.
A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.
Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.
Answer:
D) = $3,927
Explanation:
<em>The cost of a product is the addition of direct material cost + direct labour cost + manufacturing overheads</em>
<em>Overhead absorption rate</em><em> = </em><em>Budgeted Overheads/ Budgeted machine hours</em>
= $45,000/100,000 hours
= $0.45
<em>Product cost</em><em> </em>= 2,000 + 400 + (0.45× 900)
= $2,805
<em>Bid price</em> = Product + ( mark up)
= 2,805 + (40% × 2,805)
= $3,927
<em>Bid price</em> = $3,927
