One year
7000×1.03^1 = $7210.00
two year
7000×1.03^2 = $7426.30
I believe the answer is: Strategy
Strategy reefers to planned decision that is used to achieve a certain goal. In the example above, the goal of the hotel is to survive the downturn.
Conley realized that front-employees are the most curical resources in such situation since they are basically the main people that directly handled the customers. So, he choose a strategy to improve their general welfare and sacrificing his own needs.
Answer:
Classifications :
- Direct Costs
- Indirect Costs
- Product Costs
- Period Costs
- Variable Costs
- Fixed Costs
Reasons for classifying costs :
- Inventory valuation
- Profit Measurement
Explanation:
The first step in Cost Classification if to Identify the Cost object.The Cost object is the unit or entity for which determination of cost is required.
By observing the cost accumulating on the cost object we would identify two types of costs :
- Direct Cost - Costs that can be traced on the cost object
- Indirect Cost - Costs that can not be directly traced on the cost object
Another category used to classify costs is whether or not they will be included in product valuation.
- Product Cost - Attached to Product and included in valuation
- Period Cost - Not attached to product and thus not included in product valuation
Lastly the Costs Behaviors bring about different classifications as follows :
- Variable Costs
- Fixed Costs
- Semi-fixed Costs
- Semi - Variable Costs
Answer:
B. $ 920 increase liabilities, increase expenses
Explanation:
The interest expense for the entire duration of the loan (1 year) may be determined as the product of the interest rate percentage on the principal amount borrowed.
As such, interest for the duration of the loan
= 4% * $92,000
= $3680
As at the end of the first quarter (March 31), amount of expense to be accrued
= 1/4 * $3680
= $920
To account for this,
Debit Interest expense $920
Credit Accrued Interest $920
Hence Expense increase as well as liability in form of accrued expense.
<u />The answer is: "greenmail" .
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"<u> Greenmail </u> <span>is a purchase of a dissident shareholder's stock by the issuer at a premium over market [price], often in exchange for a standstill agreement, whereby the shareholder agrees not to commence a tender offer or proxy contest or to buy additional shares of the issuer for a period of time."</span><span>_____________________________________________________</span><span>Source: {text within this very question being asked.}.</span><span>_____________________________________________________</span>
