In December 2016, Shire Computer’s management establishes the 2017 predetermined overhead rate based on direct labor cost. The i
1 answer:
You might be interested in
Answer:
attached answer
Explanation:
equity represnet investment from owners and the accumulation of the result from the company operations.
1) equity increase the company receive an investment from owner
3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm
4-5-9) the company's equity increase as income is generated from the main activity.
2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease
We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.
Answer:
Yearly rate of return=25%
Monthly rate of return=0.0187%
Explanation:
Given present amount=$12
Given Future amount=$15
Using equation
Where F is the future amount,P is the present amount and is the interest rate.
As n=12 since there are 12 months in the year and if calculate yearly n=1
15=12(1+i)^12
i=0.0187% monthly