Answer:
c. $90,700
Explanation:
The computation of the cost of the land is shown below:
= Purchase cost of land + property taxes + attorney fees + land graded cost
= $85,000 + $2,500 + $1,000 + $2,200
= $90,700
We added the property taxes, attorney fees, and the land graded cost to the purchase cost of the land. We do not include the parking lot expenses
Answer:
Product warrant liability to be reported as on 31.12.2021* is $3.124
<em>*The procedures are attached in a microsof excel document. </em>
Explanation:
This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.
Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.
2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest
So, the answer will be the A $624.
3. What is the total amount that Sherri (in question number 2) will repay?
The correct answer will be the $3,824.
Answer:
The answer is: Normative leadership model
Explanation:
The normative leadership model requires Pier to analyze the following seven situations:
- How will my decision will affect the organization?
- Is it important that team members are committed to the decision making process.?
- As a leader, do I possess the knowledge to solve try to solve this issue?
- If only I are responsible for making the decision, will the rest of the team be committed to it?
- My team members support me and the organization?
- The team members possess the knowledge to try to solve this issue?
- Can team members unite and really work as a team to solve this issue?
Depending on what Pier believes the correct answers are for the above questions, he can decide to use one of the following decision making processes:
- Decide: Pier makes the decision by himself with little or no participation of the team members.
- Consult (Individually): Pier consults the team members individually, deciding what information to use, and then makes a decision by himself.
- Consult (Group): Pier organizes a group meeting where all members express their opinions, then decides what information is useful and makes the decision by himself.
- Facilitate: Pier organizes a group meeting and presents his opinion and every group member participates. The decision is made by group consensus.
- Delegate: Pier leaves the decision making process entirely to the group members and doesn't participate in it.
