Answer:
Skill building activities
Explanation:
From the activities illustrated in the question stating the different activities that sanjit need to participate in, so that he can be effective in his new job, we can classify the type of instruction as Skill building activities because all these activities are aimed at ensuring that Sanjit develop his skill set in other to successful in his new job.
Skill Building activities are training, support services given to people in other to help them improve in their work or other involvements
Answer:
the amount of overhead applied during the year is $2,250,000
Explanation:
The computation of the overhead applied is shown below;
= Estimated annual overhead ÷ machine hours × actual machine hours
= $2,400,000 ÷ 400,000 machine hours × 375,000 hours
= $2,250,000
hence, the amount of overhead applied during the year is $2,250,000
Answer:
June 1
DR Cash <u>$16,200</u>
CR Common Stock <u>$16,200</u>
<em>(To record issuance of Common Stock)</em>
<u>Workings</u>
Cash
= 2,700 shares * $6 price
= $16,200
Answer:
The retirement fund will last for 33 years and 7 months
Explanation:
We need to solve for time in an ordinary annuity
C $15,000.00
rate 0.004 (4.8% divide by 12 month)
PV $3,000,000
time n
we clear for n as much as we can and solve
now we use logarithmic properties to solve for n:
-403.16
this will be a value in months so we divide by 12 to get it annually
403/12 = 33,5833
we convert the residual to months:
0.5833 x 12 = 6.996 = 7 months
Answer:
D) $25,000.
Explanation:
The Accrual Basis of Accounting is the process in which income earned or expenses incurred are recorded at the time the transaction takes place, whether or not the cash has been exchanged.
Net Income is derived by subtracting Expenses from Revenue.
N.B. Prepaid Expenses are Advance Payments towards expenses and are a Balance Sheet Items and will not be recorded under Net Income Calculations until the Expenses are realized.
So, The Net Income can be calculated as follows;
Revenue $60,000
Less: Expenses $35,000
Net Income $25,000
Hence Option D will be correct answer.
#NETINCOME
#PREPAIDEXPENSES
#ACCRUALBASISOFACCOUNTING
