All categories

3 years ago

11. If you saw an employee take damaged merchandise that had been thrown away, what would

1 answer:

8 0

The answer they're looking for is that you will tell a supervisor. If the question ever involves theft or mistreatment of customers they always want to hear that you'll report the person.

You might be interested in

Sheridan Company received $135000 in cash and a used computer with a fair value of $318000 from Carla Vista Co. for Sheridan Com

sammy [17]

Answer:

The gain that Sheridan should recognize on this exchange is $135000

Explanation:

Where Exchange Transaction lacks commercial substance, the asset that is acquired is measured at the Carrying Amount or Undepreciated Cost of the asset given up.

The gain will then include an further consideration acquired on the exchange of an asset.

Entries to record the exchange are as follows :

Cash $135000 (debit)

New Asset at undepreciated cost $420300 (debit)

Cost of Old asset given up $420300 (credit)

Gain on exchange $135000 (credit)

Conclusion :

The gain that Sheridan should recognize on this exchange is $135000

6 0

3 years ago

Business provided travel services worth R11800 to customers who settled the amount in cash

netineya [11]

That's a statement.

If its T/F, That is true

3 0

3 years ago

Wages salaries expense is equal towhat?

Sergio039 [100]

Accounts such as Wages and Salaries Expense, Wages Expense, and Salaries Expense are used to record the gross wages and salaries earned by employees during the accounting period. Gross wages and salaries means the amount before payroll taxes and other with holdings.
hope this helps

6 0

3 years ago

How would you describe the savings rate in america compared with other industrialized countries?

Natasha_Volkova [10]

United States’ savings rate is only around 10%, much lower than any other countries. There's some reasoning behind it. In fact, countries with the highest savings rates weren’t necessarily the countries with the highest GDPs. GDP os US is $56,300 per capita but their household savings rate of just 4.9%. Also, in Hungary their GDP is $26,000 while their savings rate of 9.0%. This implies that the money they have isn't place on one nest only or put to savings, rather allocated to a much more important sectors. We should not forget taking into account their purchasing power parity, the rate a currency would have to be converted into another to buy the same amount of goods and services of the country.

6 0

3 years ago

Two brothers each open IRAs in 2009 and plan to invest $3,000 per year for the next 30 years. John makes his first deposit on Ja

Goryan [66]

Answer:

Future value of John's investment

FV = A(1+r)n+1 - (1+r)

Fv = $3,000((1 + 0.07)30+1 - (1 +0.07))

0.07

FV = $3,000((1.07)31 - (1.07)

0.07

FV = $3,000 x 101.0730414

FV = $303,219

Future value of Bill's investment

FV = A((1 + r)n - 1)

FV = $3,000 ((1 + 0.07)30 - 1)

0.07

FV = $3,000((1.07)30 - 1)

0.07

FV = $3,000 x 94.46078632

FV = $283,382

The difference in the value of IRAs

= $303,219 - $283,382

= $19,837

The correct answer is A

Explanation:

In the first case, we need to apply future value of annuity due formula since deposits are made at the beginning of each year.

In the second case, we need to apply future value of an ordinary annuity formula since deposits are made at the end of each year.

6 0

3 years ago