Answer:
Option (A) is correct.
Explanation:
Given that,
On March 1st,
Kalka Company borrowed = $5,000 for a three-month note payable
Annual interest rate = 6 percent
Period = one month
![Interest expense accrued=5000\times0.06\times\frac{1}{12}](https://tex.z-dn.net/?f=Interest%20expense%20accrued%3D5000%5Ctimes0.06%5Ctimes%5Cfrac%7B1%7D%7B12%7D)
= 5000 × 0.06 × 0.083
= $24.9 or $25
As Kalka Company borrowed $5000 on March 1st and accrued interest expenses on March 31st is $25.
Taxes that have wealthy people pay a higher rate of tax than average or poor people are called PROGRESSIVE TAX
Answer:
$175,000
Explanation:
Given:
Per unit cost of manufacturing = $4.50
Normal production rate = 50,000 units per year
Direct materials and direct labor costs = $2.50 per unit
Incremental overhead costs = $50,000 per year
Allocated fixed overhead costs = $50,000 per year
Quoted price = $3.70 per unit
Now,
total relevant cost per unit
= Direct materials and direct labor costs + (allocated fixed overhead costs ÷ Number of units to be made )
= $2.50 + ![\frac{50,000}{50,000}](https://tex.z-dn.net/?f=%5Cfrac%7B50%2C000%7D%7B50%2C000%7D)
= $2.50 + $1
= $3.50
Therefore,
Total relevant cost of making 50000 units
= $3.5 × 50,000
= $175,000
<h3>Hello there!</h3>
Your question asks what type of fund should the gift be accounted for.
<h3>Answer: D). Permanent fund</h3>
The reason why answer choice " ). Permanent fund" is the correct answer because the gift "restricts" the government in it's usage, due to the fact that the $200,000 gift and investment must be used to "beautify the city-owned parks."
The $200,000 gift and investments has a specific intention when being used.
The government would therefore keep some of the money from the gift and investments as a "principal" to make more money from it, while using the rest of the money for it's obligated "use" or "benefit".
This would also be known as a Permanent fund because the fund is being used for something that is owned by the government. In this context, the thing that is owned by the government would be the park, due to the fact that the park is "city-owned." The gift is obligated to be used for the "city-owned" park.
<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
Answer:
The correct option is : c. a series of individual tasks executed in a specific order
Explanation:
Business process is a method, which involves accumulating a series of linked, structured tasks in a specific order or sequence, by the people, to achieve the desired goal of the business for the consumers or market. The various benefits of using this process includes satisfaction of the customer, improved Business Agility, increase in efficiency, visibility, etc.