In planning the database it is important to consider- what each table is 'about'.
Explanation: It becomes very important so that any sort of duplicate data can be avoided. These databases are the source which provides the information. It should be segregated into several subject based tables. Basically, databases provides the access to the accurate information and to provide accuracy one must be careful while creating. Every table is anyhow related to another.
Answer:
e. The firm's net income increases.
Explanation:
The amount of dividends paid to the shareholder is a function of the annual net income of the Reynolds Paper Products Corporation. The higher the annual net income of the organization, the higher the dividends paid to the shareholder and the lower the annual net income, the lower the dividends. Thus, an increase in net income will lead to an increase in the dividend.
Answer: Joint and Last Survivor Annuity
Explanation:
An annuity is a form of regular payment made by an insurance company to an individual with their coverage, starting from a specific time(could be retirement) to end at a specific time(death of the client).
A joint and last survivor annuity is a form of annuity, where a spouse is paid even after the death of the other spouse receiving the annuity initially.
Answer:
The unit value os $20 which Ross should use
Explanation:
LCM stand for or termed as Lower of Cost or Market approach- This approach is described as the inventory values at the historical cost or lesser than the replacement cost of market.
NRV stands for or termed as Net Realizable Value- This rule or method is defined as the estimated selling price, which the company expects to gather in the cash form from the customer through the sale of the inventory.
Computing the unit value as:
Given,
Cost price per unit is $20
Selling price per unit is $30
Selling cost per unit is $4
Using the NRV method:
NRV = Selling Price - Selling Cost
= $30 - $4
= $26
Using the lower of cost rule:
Cost = Cost of product
Cost = $20
Therefore, the $20 is the unit value which Rose should use.
Answer:
1. $5,700
2.
Dr depreciation expense $1,690
Cr accumulated depreciation $1,690
Explanation:
Crane Chemicals Company:
Under the straight-line method, the amount of depreciation remains the same over the useful life of the asset, in other words, the depreciation expense for 1 year to year 5 would be the same.
annual depreciation=(cost-salvage value)/useful life
annual depreciation=($31,400-$2,900)/5=$5,700
Salt Creek Country Club
annual depreciation=(cost-salvage value)/useful life
annual depreciation=( $17,500-$600)/10=$1,690
The journal entries for depreciation would be a debit to depreciation expense and a credit to accumulated depreciation accounts