A market index is a resulting value created from the combination of several stocks and other investment vehicles presenting its total value against a base value at a certain period. It is used to show the whole stock market at the same time keeping track with the way the market changes overtime. The practice of tracking the value of the stock market over a period of time can be used to benchmark to make a credible comparison of stock returns.
Answer:
Cobras Incorporated
Trial Balance as at March 31.
Debit Credit
Supplies $1,100
Buildings $41,000
Cash $2,100
Accounts Receivable $2,800
Prepaid Insurance $1,100
Salaries Payable $300
Accounts Payable $1,500
Common Stock $21,000
Retained Earnings $14,500
Service Revenue $18,100
Utilities Expense $2,300
Salaries Expense $5,000
Totals $55,000 $55,000
Explanation:
A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.
Answer:
No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.
Explanation:
When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.
The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
$15,000 for factory managers
$18,000 for financial managers
$42,000 for company executives.
$98,000 for factory workers
$64,000 for office workers.
To calculate the labor cost we need to separate between indirect and direct labor:
Indirect labor:
Factory managers (manufactury overhead)= 15,000
Direct labor:
Factory workers= 98,000
Total labor cost= $113,000
