It should be 1986, but for the sake of the options it's most likely 1985. You just have to do trial and error. So 10,000 × 1.02^t (where t is the time in years). I've got 1.02 because it's a 2% increase from 100% (Basically decimal form).
Answer:
$6,541.32
Explanation:
the formula that would be used to solve this question is :
The formula for calculating present value:
FV x (1+r)^-n = P
FV = Future value = $9,963
P = Present value
R = interest rate = 5.4%
N = number of years = 8
$9,963 x (1.054)^-8 = $6,541.32
Answer:
1. Bureaucracy
Explanation:
-Bureaucracy refers to a structure in which there is a standard procedure, a hierarchy, a formal division of the responsabilities, impersonal relationships and everyone has the same chances for advancement. It focuses on how well individuals perform their tasks.
-Coercion refers to convincing a person to do something by using threats.
-Synergy refers to combining two or more things into a greater one that provides superior performance.
-Patriarchy is a system in which men have more power and the most important roles.
According to this, Patrick lead by bureaucracy to promote Harrison because he focused on the years he had at the company and his performance to give him the promotion.
Answer:
Please see below
Explanation:
With regards to the above, we need to compute first the predetermined overhead rate in order to ascertain whether it is over or under applied overhead
Predetermined overhead rate = Estimated overhead cost / Direct labor cost
= $115,500 / $125,300
= 0.92
We can now compute the under or over applied overhead as seen below;
= Actual direct labor cost × predetermined overhead rate - Actual overhead
= $118,000 × 0.92 - $107,700
= $108,560 - $107,700
= $860
Because the above amount is positive, is over applied overhead and the journal entry would be;
Manufacturing overhead account Dr $860
To Costs of goods sold account Cr $860
(Being over applied overhead closed)