Answer:
B. $332,000
Explanation:
The computation of the total assets is shown below:
= Invested amount + total revenues - total expenses - cash dividends paid
= $300,000 + $60,000 - $16,000 - $12,000
= $300,000 + $60,000 - $28,000
= $300,000 + $32,000
= $332,000
Invested amount reflect the capital and the total revenues minus total expenses minus cash dividend reflects the retained earnings
The answer is savings account A.
Since savings account A compounds the interest quarterly it adds interest to the account every quarter. This makes it a more profitable account than one that compounds the interest semiannually. The reason is that the bank is adding interest more frequently, so you are earning interest on the interest that the bank has already paid you.
Answer:
The machine will enter as 148,480
Explanation:
We should enter the machine as the sum of all cost incurred to get the machine ready for use in behalf of the company.
Purchase cost: 136,000 x (1 - 0.02) = 133,280
shipping cost: (freigh-in) 3,600
installation cost: <u> 11,600 </u>
Total cost: 148,480
The damages will be cost of the period, therefore expenses.
It weren't necessary for the installation of the machine.
The ethnocentric staffing policy is used in Trisha firm.
What do you mean by staffing?
Staffing refers to the continuous process of finding, selecting evaluating and developing a working relationship with current or future employees. The main goal of staffing is to fill the various roles within the company with suitable candidates.
What is importance of staffing?
If the staff are not competent, your organization will lag. But if you recruit the right kind of professionals, any company would perform other chores, such as organizing, directing, and controlling properly. It also contributes to the efficient utilization of resources.
The ethnocentric approach--------- to recruitment means that we hire people from our parent country to fill positions all over the world.
Learn more about staffing policy:
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Answer:
Recognized $12.47 million gross profit on the project in 2018.
Explanation:
Total Contract price $160
Total cost incurred during the year 2018 $39
Additional cost <u>$83</u>
Total cost <u>$122</u>
Total profit <u>$38</u>
% cost during the year = (39/122*100) = 31.9672131147541% = 31.97%
Revenue recognized on 2018 = 39*31.97% = $12.4683 = $12.47
