Answer:
Explanation:
One approach to organization is putting activities that are similar under one person. Fayol called this ""unity of direction.""
. Fayol was the first person who outlined the functions of management. He has fourteen principles of management; Unity of directions is one of the principle which narrates that One boss, one plan for a group, of activities having the same objective. As unity of direction principle, it leads all the members of the organization towards a common goal to achieve its objective.
Answer
2
Explanation:
Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.
The extended cost of the ending inventory at the most recent price is divided by the cost of the ending inventory at the base year price.
Workings
Cost in term of base layer = $50,000
Cost in term of the layer layer $100,000
Cost index = 100000/50000 = 2
Answer:
$395.
Explanation:
interest = Principal×rate of interest×time
Principal = $15800
Rate =0.1
Time = 3/12
interest = $15800×0.1×3/12
=
Answer and Explanation:
The journal entry is given below:
Stock dividends Dr $60.00
To Common stock $60.00
(Being the issue of stock dividend is recorded)
Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity
Also the par per share after the split is $1
In determining the fair value of the asset or liability the exit price should be used. A fair price means the price that the asset or liability would get when sold in the market. So, the pair price will be determined by calculating the market price of such goods or liabilities or at what rate these goods or liabilities will be sold in the market.
The entry price would not be the correct price as the asset or liability may have been bought by the company many years ago. So based on this, the price of these assets would have increased as in the case. Sometimes the prices of these assets would have also decreased. The same reason is applicable to liabilities also.
This is known as the appreciation and depreciation of assets and liabilities. So to remove the effect of this the fair value will be based only on the exit price.
1. Learn more about fair value here:
brainly.com/question/14294197
2. Learn more about market price here:
brainly.com/question/15866211
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