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4 years ago

A strong culture should reduce employee turnover because it results in ________.

1 answer:

3 0

A strong culture should reduce employee turnover because it results in cohesiveness and organizational commitment.

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The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31 2017, the end of its f

ankoles [38]

Answer:

1. Prepare the December 31, 2017, closing entries for Cruz Company.

Dr. Cr.

404 Services revenue 44,100

Income Summary 44,100

Income Summary 33,972

612 Depreciation expense—Equipment 2,000

622 Salaries expense 25,710

637 Insurance expense 1,852

640 Rent expense 2,955

652 Supplies expense 1,455

2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company.

Dr. Cr.

101 Cash 18,000

126 Supplies 14,500

128 Prepaid insurance 2,000

167 Equipment 23,000

168 Accumulated depreciation—Equipment 6,500

307 Common stock 13,272

318 Retained earnings 33,600

319 Dividends 6,000

404 Services revenue 44,100

612 Depreciation expense—Equipment 2,000

622 Salaries expense 25,710

637 Insurance expense 1,852

640 Rent expense 2,955

652 Supplies expense 1,455

Totals 97,472 97,472

Explanation:

5 0

4 years ago

Question 1 of 10

bekas [8.4K]

Answer:

Avoid late fees and penalty APRs by making your payments on time and paying at least the minimum amount. ...

Pay off credit card balances in full before the end of your billing cycle. ...

Shop around for lower rates and fees. ...

Put more money down.

5 0

3 years ago

Read 2 more answers

Foreign exchange risk arises when:

ivolga24 [154]

Answer:

Business transactions are denominated in foreign currencies.

Explanation:

Foreign exchange can be referred to as the exchange of one country's currency for another currency. The exchange of these currencies occurs in an exchange market known as forex market.

Foreign exchange risk is a financial risk in which changes in the exchange rate may result in the loss of investment value or huge financial breakdown.

The most effective approach to preventing foreign exchange risks is for organizations to make and receive all forms of payment in their own currency.

6 0

4 years ago

In a process-costing system, the cost of abnormal spoilage should be A. Included in the cost of units transferred out. B. Prorat

Olin [163]

Answer:

D. Treated as a loss in the period incurred.

Explanation:

The process-costing system is used by firms that produce goods that goes through a set of manufacturing departments i.e it's used when firms mass produce nearly identical or similar units through various processes.

Under process-costing system, direct costs of production are accumulated, summarized, and then assigned to all the units produced during the period.

Thus, a single product cost is calculated by dividing process cost in each manufacturing department by the respective units produced during the production period.

Some organizations that use the process-costing system are oil refineries, chemical processing companies, eraser manufacturing companies, and food production companies.

In a process-costing system, the cost of abnormal spoilage should be treated as a loss in the period incurred.

The abnormal spoilage refers to the cost exceeding normal level, associated with spoiled units of a manufacturing process. It should be treated as a loss in the period incurred because it cannot be recovered

4 0

3 years ago

Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage

kherson [118]

Complete question:

Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?

A) Two business days

B) Three business days

C) Five business days

D) Four business days

Answer:

A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.

Explanation:

TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).

When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.

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3 years ago