Answer:A. $24,000
B. 36,000
Explanation:
The loss incurred by James is less than his coverage with each of the insurer.
The sum is apportioned on pro rata basis on the ratio of total insured.
$100,000 + $150,000=$250,000
A share is $100,000/$250,000/* $60,000
A= $24,000
B= $100,000/$250,000*$60,000
= $36,000
Answer: B. Work-In-Process Inventory XXX Wages Payable XXX
Explanation:
The method of accounting for Direct labor during production is to apportion it to Work in Process inventory because as a direct cost, it should form a part of the cost of producing the good.
The Work in Process Inventory will therefore be debited to reflect an increase and the Wages Payable will be credited to reflect that the wages are a liability owed to workers.
Answer:
c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500
Explanation:
c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500
The interest is due on bonds of $ 100,00 so it is added to the total amount.
The other choices are incorrect as A does not account for interest due.
B does not indicate the amount of interest separately. D is wrong as interest is again deducted from the total of bonds also they are credited it is receivable not payable
Culture is known to be the way of life of people in a particular place. In cultures that are high in uncertainty avoidance is one where orderliness, consistency, and structure are important.
- Uncertainty avoidance is simply known as the way cultures socialize its people or members to feel in uncertain, novel, surprising, or in surprise situations.
People who have high uncertainty avoidance cultures often capitalizes on strict orderliness and consistency in behavior.
Conclusively, The ability to approach cross-cultural work relationships with a learner mind-set is known to be an attribute of high cultural intelligence.
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