Option C is incorrect when allocating service department costs to operating departments.
<u>Explanation:
</u>
Typically, fixed costs are not assigned to working departments; however, they have to be absorbed by the service. This statement is incorrect in the service dept. Cost to Operating dept.
The reciprocal method assigns the cost of services to operating departments and other departments. The reciprocal costs are identified and the costs are assigned to each other and to services offered by each service department.
For example, if Service Department A requires certain services of Service Department B, the cost allocation system would not include these services. Since these services are not delegated to other departments, some auditors assume that the direct approach is not right.
Answer:
See attached picture
Explanation:
Bank statement is a statement prepared by bank. The company also, maintains its own records. This is the reason the cash balance per bank and cash balance per books seldom agree.
Bank reconciliation is the statement prepared by companies to remove disagreement between cash balance per bank and cash balance per books.
In here we are to calculate bank reconciliation for Satiango co.
Below are the attached picture. But, in this case the adjusted balance as per bank is not equal to the adjusted balance per books.
<span>The loan that requires a student to pay the interest they accumulated during college is called <u>an unsubsidized loan.</u>
There are also Federal unsubsidized loans. They are charged interest on these loans while the student is in school and also during a grace period. The student who borrows the money can choose to pay the interest every month or choose to have it put on the outstanding principal of the unsubsidized loan. Many colleges will tell the students to make a all to their loan service and set up an interest payment account.</span>
The right answer for the question that is being asked and shown above is that: "C. work-related knowledge." the chief reason why a person would become a supervison is that of <span>work-related knowledge .</span>
Answer:
$87,710.87
Explanation:
In this question, we use the present value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $100,000
Rate of interest = 10%
NPER = 10 years
PMT = $100,000 × 8% = $80
00
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $87,710.87