Answer:
The income before tax will be affected by discounts in 2021.
Explanation:
The terms 1/10, n/30 imply that payment made within 10 days will enjoy 1% discount while full payment has to be made within 30 days if the payment was not made within 10 days.
Since it is assumed in the question that all customers paid the net-of-discount amount on January 6, 2022, that means they all paid within 10 days and enjoyed 1% discount. The anticipated discount allowed is calculated as follows:
Anticipated discount allowed = 1% * ($25,000 * 10) = 1% * $250,000 = $2,500
Since the sales was made on December 28, 2021, the anticipated discount allowed will reduce the 2021 income before tax by $2,500.
This is based on the Matching Concept which states that revenues and their related expenses must be recognized in the accounting period.
Therefore, the income before tax will be affected by discounts in 2021.
Options:
a. expenditures - utilities
b. due from library special revenue fund
c. transfer out to library special revenue fund
d. due to library special revenue fund
Answer:
Correct answer is A
Explanation:
The entry that the General Fund make when it sends the bill to the Library Special Revenue Fund should be expenditures - utilities
.
Answer:
d. a union representative urging management to avoid a strike by raising wages
Explanation:
The persuasive speaking includes some important elements, its principal objective is to convince the listener about an specific point of view. It may include three principal methods: pathos, ethos and logos.
In this case the Union representative is trying to persuade the management to rise salaries, he can be appealing to Logos strategy. Logos is to use logical arguments to convince the audience, they will be evaluating if the argument of the speaker makes sense.
Answer:
C) unstructured interviews
Explanation:
An unstructured interview is generally more informal and doesn't follow a defined structure, pattern or script. Generally the interviewer is allowed to determine how many questions he/she will ask to the candidate depending on the answers given previously. The interviewer might also decide to use other types of methods, like completing a process or solving a problem which varies from one candidate to another.
