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Harman [31]
3 years ago
13

True or false?

Business
1 answer:
Serga [27]3 years ago
5 0

Answer: True

Explanation:

Job Sharing is a practice that tries to make work a flexible arrangement as it involves two people working part-time to complete the work of one person who would have done it had they been on a full time arrangement.

Job Sharing can be very advantageous to people who want more hours to attend to personal needs without having to quit. This means that even every experienced staff who now want more time to spend on personal things can get a chance as well.

In the Local Bank in the text, Job Sharing could be a good staffing arrangement for them to consider as it will go a long way in reducing their Absenteeism problem.

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Carpenters​ Company, a manufacturing​ company, acquired equipment on January​ 1, 2017 for $ 500 comma 000. Estimated useful life
svlad2 [7]

Answer:

$46,571

Explanation:

The cost price is $500,000

The residual value  is $ 11,000

Useful life is 7years

The depreciable amount will be cost price -residual value

=$500,000 - $11,000

=$489,000

Depreciation expense per year on the straight-line method will be

=$489,000/7

=$69,857. 14

After three years, the total depreciable amount will be 69,857.14 x 3

=$209,571.42

New book value after three years will be 489,000 - 209,571.42

=$279,428.58.

Useful has been adjusted to nine years.  Three years have passed. Four years remain plus two added years meaning six years to go.

Depreciation from the 4th year will be

=279,428.58/6

=$46,571

8 0
4 years ago
Splish Brothers Inc. issues $257,000, 10-year, 8% bonds at 99. Prepare the journal entry to record the sale of these bonds on Ma
klemol [59]

Answer:

Dr Cash 254,430

Dr Discount on bonds payable 2,570

Cr Bonds payable 257,000

Explanation:

Preparation of the journal entry to record the sale of these bonds on March 1, 2022

Based on the information given we were told that Brothers Inc. issues the amount of $257,000 that includes 10-year and 8% bonds at 99 which means that the journal entry to record the sale of these bonds on March 1, 2022 will be :

March 1, 2022

Dr Cash 254,430

(257,000*99%)

Dr Discount on bonds payable 2,570

([$257,000*(100%-99%)]

Cr Bonds payable 257,000

(Being to record the sale of bonds)

8 0
3 years ago
On January 1, the first day of the fiscal year, a company issues a $5,000,000, 6%, 10-year bond that pays semiannual interest of
irga5000 [103]

Answer:

Explanation:

The journal entries are shown below:

On Jan 1 - Cash A/c Dr $5,000,000

                        To Bonds Payable A/c $5,000,000,

(Being bond is issued)

On June 30 - Interest expense A/c Dr $150,000

                           To Cash A/c                                     $150,000

(Being interest paid for cash)

On December 31,  Bonds Payable A/c Dr $5,000,000

                                   To Cash A/c                            $5,000,000

(Being payment of principal is recorded on the maturity date)

8 0
4 years ago
Name at least one other familiar item besides money that could serve as a model for isotopes
Marina CMI [18]
Pennies or other coins work well as models for isotopes while studying radioactivity. Other objects that can also be used in place of money are paper clips, postage stamps and rubber bands. These objects are used to produce shadowgraphs as all these objects cast shadow when these are exposed to a visible light source. 
8 0
3 years ago
At the end of 2020, Oriole Co. has accounts receivable of $775,800 and an allowance for doubtful accounts of $71,100. On January
Nataly [62]

Answer:

January 24, 2021 (write off)

Dr Allowance for Doubtful Accounts account 7,200

Cr Accounts Receivable account 7,200

 

March 4, 2021 (write off reversing)

Dr Accounts Receivable account 7.200

Cr Allowance for Doubtful Accounts account 7,200

March 4, 2021 (record collection)

Dr Cash account 7,200

Cr Accounts Receivable account 7,200

6 0
3 years ago
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