Complete question:
Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various responsibility centers. Which of the following is definitely not a cost object in this situation?
A) The maintenance department.
B) Product no. 675.
C) Compton Corporation.
D) The Midwest division.
E) The telemarketing center.
Answer:
Compton Corporation is definitely not a cost object in this situation
Explanation:
A cost object is a concept commonly used in financial reporting to describe the costs. Definitions commonly found in expense items include: product lines, geographical areas, clients, teams or anything else handling the costs.
Any object to which costs are independently calculated is a cost entity. In an organization, an expense item can be, for example a team, workmanship, production line or procedure.
For example, the costs of construction, customer support or revamping of a returned product may be tracked.
Answer:
The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.
Explanation:
The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements. The easiness of the Mobile App achieving this functionality is very important. Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly. The scanning should be as simple as taking a shot with the phone's camera.
Thats how much product was produced and sold in the united states
Answer & Explanation:
The fair value of our asset is $20000 and what we receive is a truck with $15000 market value and $5000 cash. So the transaction possesses commercial substance as the fair value and value received are same.
So assume if the transaction lacks the commercial substance (according to question) then the truck received must be recorded at fair value and must be offset against the truck which is exchanged for. The entry would be:
Dr Truck received @ Fair Value $15000
Cr Truck Sold $12000
Cr Profit on Disposal $8000
The above entry makes it clear that the entry to recognize the truck would be $15000. So the option D is correct.
Answer: $4,650 Tax Credit
Explanation: Green Corporation is entitled to file for a work opportunity credit as it has given work opportunities to workers with significant barriers to employment.
Green Corporation is entitled to get 40% on wages paid per year on workers who worked for at least 400 hrs and 25% for at least 120 hrs
Green Corporation had 2 sets of workers in this category and they are:
Set 1 worked 400 hrs and are paid $8,500
Set 2 worked 300 hrs and are paid $5,000
to get the work opportunity credit for 2019:
$8,500 * 40%+ $5,000 *25% = $3,400+$1,250= $4,650
