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fenix001 [56]
2 years ago
13

Knowing a company's business standards will:

Business
2 answers:
Crazy boy [7]2 years ago
7 0

AnswerB.Help you get recognized as a valuable employee :)

Explanation:

sammy [17]2 years ago
6 0

Answer:

Will help you get recognized as a valuable employee.

Explanation:

Company's business standard consists of measurements, acceptable practises, sets of instructions which serves as a limit for expected normal conduct in a business firm. It is an agreement between a company and it's employees as it relates to production, management, supply and delivery.etc.

Every company have it's own business standard which every employees are supposed to be familiar with. They are expected to align themselves with the standard of the organization. Understanding a company's business standard create cooperation between people and an organization hence assist in facilitating communication.

Therefore, knowing a company's business standard will help one get recognized as a valuable employee.

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Jackson Implements, Inc. uses straight-line depreciation for an item of equipment that cost $135,000, had a salvage value of $15
ch4aika [34]

Answer:

the depreciation that should be charged over the useful life each year is $20,000

Explanation:

The computation of the depreciation expense using the straight line method is shown below:

= (Purchase cost of an equipment - residual value) ÷ (useful life)

= ($135,000 - $15,000) ÷ 6 years

= $120,000 ÷ 6 years

= $20,000

hence, the depreciation that should be charged over the useful life each year is $20,000

3 0
2 years ago
Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $13,800 ($1,150/month) in advance
tigry1 [53]

Answer:

1.

Dec 31    Rent expense                   $3450 Dr

                  Prepaid Rent                       $3450 Cr

2.

Oct 1     Prepaid Rent                        $13800 Dr

                  Cash                                       $13800 Cr

3.

Year end balances at 31 December:

Rent Expense = $3450

Prepaid Rent = $10350

Explanation:

Assumption: The year end for the business in on 31 December.

1.

The rent is paid in advance thus it is an asset. On 31 December the adjusting entry will be made under the accrual principle to match the current period's rent expense and record it in the period to which it belongs to. Thus we will credit the rent expense for 3 months i.e. October, November and December. We will credit the asset account that is Prepaid Rent.

2.

The prepayment of rent is creating an asset account in the title of prepaid rent. The entry would be to record the asset prepaid rent by the full amount of the rent prepaid and credit the other asset account through which the payment is being made.

3.

The adjusted year end balance for rent expense will be the rent expense paid for this period that is $1150 * 3 = 3450

The balance in the prepaid rent account after adjusting the rent expense will be,

Prepaid rent = 13800 - 3450 = $10350

8 0
3 years ago
Jasmine started a new business in the current year. She incurred $18,000 of start-up costs. How much of the start-up costs can b
liq [111]

Answer:

$5,000

Explanation:

According to the Internal Revenue Service, the amount of deduction for startup costs would be limited to $5,000 if the startup costs are $50,000 or less

However, if the start-up costs were more than $50,000, the deduction would be decreased by the dollar amount.

Since in the given scenario, the $18,000 is the startup cost so she is eligible for the deduction of $5,000

5 0
3 years ago
I got called a street walker for this outfit,makeup and jewelry that i didn't even want to wear by my stepfamily when my cousin
yuradex [85]
You look like a burned victim
4 0
3 years ago
The human genome project, which got under way in 1990, is an international effort to ________.
beks73 [17]
Determine the sequence of the human DNA.

Hope this helps!
7 0
3 years ago
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