You go to Starbucks and see the price of a tall latte quoted as $3.00. You buy the latte and pay with $3.00 cash. In the first instance money serves as ___________ while in the second instance money serves as ___________.a unit of account; a medium of exchange
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
The HR compensation functions entail rewarding employees for work done. Employee compensation includes monetary payments such as salaries, wages, overtime, profit sharing, allowances, or bonuses.
Non -monetary compensation includes benefits such as housings, paid car, insurance coverage, and stock ownership.
In consultation with the other managers, the HR managers determine the level and combination of compensation for every employee. HR has to decide whether to employ office workers on a part-time or full-time basis. Equally, HR determines whether to pay the office workers either a salary or wages.
Answer:
a. $612
b. $2,480
Explanation:
a. Overhead is applied at a rate of $12 per direct labor hour.
Overhead applied would therefore be;
= 12 * total labor hours
= 12 * 51
= $612
b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead
= 978 + 890 + 612
= $2,480
Answer:
Dr Bonds payable 1,600,000
Dr Loss on redemption of bonds 36,800
Cr Cash 1,632,000
Cr Discount on bonds payable 4,800
Explanation:
Loss/gain on redemption of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss
Answer:
E. $20,500
Explanation:
The average investment is defined as the average between the initial investment and the salvage value of the equipment.
In this situation, Carmel Corporation had an initial investment of $41,000 for the machine and its salvage value is zero. Therefore, Carmel's average investment is:
The answer is alternative E. $20,500
