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3 years ago

which of the following is a question you should ask your boss reguarding individual performances evaluations

1 answer:

8 0

The best question you should ask to your boss regarding individual performance evaluations is how you can improve yourself more or what are the measurements your boss could assess you. With this, it will help become more and more effective and efficient as an employee.

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Pam Erickson Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for l

Brilliant_brown [7]

Answer:

a. $478,450

b.Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

Cr Retained earnings $115,850

Explanation:

A. Calculation for the amount of net income that would be reported in 2015 for Pam Erickson Construction Company

Using this formula

Net income =(Income before income tax ) Income before income tax-Tax rate

Let plug in the formula

Net income= $683,500 - (683,500 × 30%)

Net income= $683,500 - $205,050

Net income= $478,450

B. Preparation of the Journal entry(ies) that are necessary to adjust the accounting records

For Pam Erickson Construction Company

Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

($165,500 × 30%)

Cr Retained earnings $115,850

($165,500 × (100%-30%)

5 0

3 years ago

Belvedere Corporation had a balance in its Equipment account on January 1, Year 1 of $341,200. During the year, equipment origin

Varvara68 [4.7K]

Answer:

$56,600.00

Explanation:

The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:

amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)

ending balance of equipment is $304,700

beginning balance is $341,200

cost of equipment sold is $93,100

amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00

5 0

4 years ago

Using the summary of the accident, calculate the total dollar value of the property damage

NARA [144]

Answer:

The summary of the accident, calculate the total dollar value of the property damage Stephanie caused is explained below in detail.

Explanation:

The term 100/300/100 coverage indicates that a character has coverage of $100,000 physical damage mortgage coverage per person, $300,000 total physical damage mortgage insurance per accident, and $100,000 property loss accountability per accident.

So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.

8 0

3 years ago

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

notsponge [240]

Answer:

$155,700

Explanation:

Absorption costing

Sales $164 × 3,260 = $534,640

Less cost of goods sold

Opening inventory

Add variable cost of goods manufactured

[3,700 × ($51 + $32 + $6 = $89)] = $329,300

Fixed manufacturing cost

$88,800

Cost of goods available for sale

$418,100

Less ending inventory 440 × $89

$39,160

Cost of goods sold

$378,940

Gross margin

$155,700

Less variable selling and administration expenses $6 × 3,260

$19,560

Fixed selling and administrative expenses

$32,600

The total gross margin for the month under the absorption costing approach is $155,700

5 0

3 years ago

What factors will determine the sizes of the shortages? The extent of the excess demand implied by the shortages will depend on

Juliette [100K]

Answer:

The answer is: C) the elasticity of demand, where the shortages will be larger if demand is more inelastic.

Explanation:

When the demand for a product is completely inelastic it means that the quantity demanded for that product will be the same whether its price increases or decreases. Rarely any product is completely inelastic, but inelasticity shows a tendency of buyers to keep buying a product even if its price rises, for example gasoline.

Inelastic products don´t follow the law of supply and demand, since the price doesn´t alter the demand.

If suppliers can produce enough goods (product shortages) and the quantity demanded stays the same, the price will rise. But if the demand for the product is inelastic then the shortage will get worse since every time more people will want to buy the product and their will be less product to buy.

6 0

3 years ago