Answer:
A. USD 5,180/-
Explanation:
In the actual method of inventory valuation, the inventory reaming and the COGS (Cost Of Goods Sold) is measured after each purchase or sale of a transaction. So the COGS and the remaining value of the inventory is known all the time.
Formula:
- Gross margin is equal to Sales minus COGS
Answer:
$570,000
Explanation:
At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc
So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
Compensation refers to the regular payments that employers extend to employees for work done. It is the reward employees get for rendering services to the employer.
The compensation scheme is an organization is managed by the Human resources department ( HR). The HR manager, in consultation with other managers, set the amount of compensation and benefits that each employee in the organization is entitled to.
It is the HR that decides the contracts to award employees, whether permanent or temporary. HR determines whether to pay wages or salaries.
Answer:
12. When computer professionals take on jobs, they may not enter into relationships with the:
d) society
13. This does not come under the category of strongly differentiated profession:
c) policeman
14. This is not a characteristics of a profession:
d) happiness
15. This is a mutual right duty of employer and employee:
b) Work well done
Explanation:
There is no obvious relationship between a computer professional and the society. While the computing profession is differentiated like a doctor's and an engineer's, the profession of a policeman is not so differentiated. Any of these professionals can also work as policeman. Every profession is known for its specific knowledge, code of ethics, and autonomy, among other characteristics.
Answer:
Change in Reserves: <u>–$30 </u>
Change in Deposits: <u>–$300 </u>
Change in Loans: <u>–$270 </u>
Explanation:
The calculation of each element of the balance sheet is as follows:
Change in Reserves = Amount withdrawn by Ava * Reserve requirement faced by Second Bank = $300 * 10% = $30. This is a reduction and will be negative in the Second Bank's Balance Sheet.
Change in Deposits = Amount withdrawn by Ava = $300. This is a reduction and will be negative in the Second Bank's Balance Sheet.
Change in loan = Amount withdrawn by Ava - Change in Reserves = $300 - $30 = $270. This is a reduction and will be negative in the Second Bank's Balance Sheet.
