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4 years ago

1.) Lowering the discount rate can promote full employment because _______.

1 answer:

3 0

1) Lowering the discount rate can promote full employment because companies are more likely to expand and hire more workers. The answer is the third statement. 2) The circumstance that usually accompanies a period of economic expansion is high inflation. The answer is the second phrase.

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13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audi

MrRissso [65]

<span>As the outsourcing decision is not in the audit term therefore the audit team is not needed to take it into consideration. Audit team is required to work for those matters which are in the term for which it is hired. Notes can be mentioned that outsourcing is used in the next term.</span>

5 0

4 years ago

If both the production of goods and services increase and prices rise, then the change in nominal GDP

IceJOKER [234]

The answer is B. accurately reflect the change in production.

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3 years ago

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

Accumulated Depreciation $9,800

4 0

3 years ago

When a company's only potential common shares are convertible bonds:A. Diluted EPS will be greater if the bonds are actually con

geniusboy [140]

Answer:

Correct answer is (C)

Explanation:

Diluted EPS will be the same whether or not the bonds are converted.

Earning Per Share EPS

8 0

3 years ago

At the end of its 2020 fiscal year, Pastel, Inc., received an order from a customer for $40,000. The merchandise will ship early

exis [7]

Answer:

The answer is:

Disagree

The matching principle is violated

Explanation:

The order of a customer worth $40, 000 was received at year end. However, the merchandise will only ship in the year following the fiscal year. When goods are shipped, revenue is recognised on shipping the goods or receipt of the goods by the customer. According to the information provided, merchandise will only be shipped in 2021, therefore the customer will only receive the goods in 2021. Given this information, recognising revenue in the current period would be an incorrect treatment of the transaction and contravene the matching principle. This principle indicates that revenue and the costs associated with the revenue should be recognised in the same period.

The sale should not be recognised in 2020 because the goods' delivery and the costs incurred in delivering those goods will only be incurred in 2021. No indicated payment, cash or otherwise, was received in lieu of this transaction. Recognising this sale in the income statement and the associated asset in the statement of financial position could be misconstrued as an attempted enhancement of Pastel Inc.'s financial position for the 2020 fiscal year end.

7 0

3 years ago

Read 2 more answers