Answer: A. Fewer new businesses were started in 2010 than in other years
Explanation:
Answer:
Employee satisfaction is likely to be lower
Explanation:
Promotion opportunities are an important form of reward inside an organization. If there are no promotion opportunities in place, this means that employee satisfaction will likely be lower, because there one incentive less to work hard: the incentive of being promoted.
Answer:
$26,516.67
Explanation:
Using the area occupied as a method of cost allocation (for maintenance and utilities expenses) will result in the departments occupying larger spaces bearing larger cost than departments occupying smaller spaces.
Furthermore, the same is applicable to the administrative expense which is based on the number of students.
Given that the administrative costs for the school were $63,000, maintenance fees were $25,000, and utilities were $7,300, the amount to be allocated to welding department is
= 70/280 * $63,000 + 12,000/36,000 * ($25,000 + $7,300)
= $15,750 + $10,766.67
= $26,516.67
Answer:
b. Cash 500 Accounts Receivable 500
Explanation:
This entry is needed for the settlement of account-based services offered to customers. As a result, we credit Accounts Receivable by $500 for payments obtained from customers that were already billed for those services.
So, Journal entry will be as follows,
Cash A/c Dr. 500
To, Accounts Receivable A/c 500
Hence, option b is the correct answer.
In process costing, when materials are purchased, a material account is debited with the cost of the materials. This statement is true. Raw materials bought during the process of production are paid for from material account so that account has to be debited and the money taken from it will be credited to the account of the supplier of that raw material.