Answer:
If an activity has a slack value greater than zero, it needs to be a critical activity
Explanation:
The false statement in the group of answer choices is If an activity has a slack value greater than zero, it needs to be a critical activity this is because for an activity to be considered a critical activity its slack value has to be equal to zero and not greater than zero,
activities with critical value greater than zero are considered just activities and not critical activities because there is time range given to the activity
Explanation:
I think A. Because it is the only safe way to protect yourself even in the credit card company people might steal your identity and they dont know. So I say A
Answer:
Explanation:
The journal entries are shown below;
Bad debt expense A/c Dr $2,421
To Allowance for doubtful debts A/c $2,421
(Being bad debt expense is recorded)
The computation of the bad debt expense is given below
= Net sales × estimated percentage given
= $807,000 × 0.3%
= $2,421
To determine the estimated bad debt expenses we debited the bad debt expense account and credited the allowance for doubtful debts
Answer:
d. $83,651.
Explanation:
In this question, we use the proportionate method which is shown below:
Salary in 2014 in dollars equals to
= Salary in 2004 × (Consumer price index in 2014 ÷ Consumer price index in 2004)
= $62,000 × (170 ÷ 126)
= $83,651
Simply we use divide the consumer price index in 2014 by consumer price index in 2004 and then multiply it with the earned salary in 2004
Answer:
The depreciation expense for the second year will be $108000
Explanation:
The double declining balance method is an accelerated form of depreciation that charges a rate that is double of the straight line depreciation rate. The formula for depreciation under double declining balance method is,
Depreciation expense = 2 * SLDR * BV
Where,
- SLDR is the straight line depreciation rate
- BV is the book value at the start of the period
The straight line depreciation rate = 100% / 5 = 20% or 0.2
<u>Depreciation expense under Double Declining method</u>
First Year = 2 * 0.2 * 450000 = $180000
Carrying value after Year 1 = 450000 - 180000 = $270000
Second Year = 2 * 0.2 * 270000 = $108000
Carrying value after Year 2 = 270000 - 108000 = $162000