Answer:
The simple rate of return is 0.178 or 17.8%
Explanation:
From the given question, we solve for the simple rate return on this investment
Solution
Recall that, the simple rate of return is defined as:
The simple rate of return = The operating net cash savings / Cash net investment
Thus,
The operating net cash savings = $164000 and
The cash net investment = $980000- $60000 = $920000
Then,
The Simple rate of return = $164000 / $920000 = 0.178 i.e. 17.8%
Therefore the simple rate of return on this investment is 0.178 or 17.8%
Answer:
D. The formation of a labor union
Explanation:
The formation of a labor union will likely lead to an increase in wages because of two main reasons:
- Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.
- Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become.
Answer:
Journal Entries for Pina in 2020:
July 1:
Debit Accounts Receivable with $2,050
Credit Sales Account with $2,050
Being sales on account
Sept 1:
Debit Cash with $2,050
Credit Accounts Receivable with $2,050
Being cash received
Oct 15:
Debit Cash with $320
Credit Installation Service Income with $320
Being cash receipt for installation service
Explanation:
a) The value of actual sales excluding installation is equal to $2,050. So, the Sales and Accounts Receivable are credited and debited respectively with this amount.
b) Installation service was completed on October 15, 2020. The element of the contract value $320 is recognized in the accounts on this date and the respective cash and income accounts are debited and credited.
Answer: $113,120
Explanation:
Direct material used = Total cost of manufacturing - Direct labor - Factory overhead
Total cost of manufacturing = Ending WIP + Cost of manufacturing - Beginning WIP
= 131,040 + 324,800 - 100,800
= $355,040
Direct labor = Factory overhead * 100/60
= 90,720 * 100/60
= $151,200
Direct materials used = 355,040 - 151,200 - 90,720
= $113,120
Answer:
Public or Private company!
Explanation:
I don't know exactly what you're asking for here, but I believe the blank could be a private company.
If most (or only) Ahmad's family owns stocks of this company it would have to be a private company because a small group of people is the stockholders. But let us just say Ahmad's family is super-rich and they invested in BioTechno, which is a mid-cap stock. They own around 40% of the stocks, but a lot of others also own this stock. In that scenario, it would be a public company!