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4 years ago

Identify two changes to personal information which you must report to your employer.

1 answer:

8 0

First is Marriage, when you are married you must report to your employer to provide necessary changes in you information especially if you are a woman where your last name will be changed. Second is the Contact Details. When there is a change in your contact information you must report it immediately to your employer for urgent concerns when they need to call you.

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A value proposition represents the value that _____

fredd [130]

Answer:

a customer will realize when he purchases the product or service

4 0

3 years ago

Which of the following statements is NOT correct? Multiple Choice The description of a journal entry should include a reference

Rom4ik [11]

Answer:

The credit portion of a general journal entry is always recorded first.

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

Also, the total amount of money credited must equal the total amount of money debited.

The following statements are correct and true about the general journal;

I. The description of a journal entry should include a reference to the source of the information contained in the entry.

II. If goods are purchased on credit, the supplier's invoice number is used as the source document for the transaction.

III. A firm should be able to trace amounts through the accounting records and back to their source documents.

5 0

3 years ago

Mathis Co. at the end of 2017, its first year of operations, prepared a reconciliation between pretax financial income and taxab

yanalaym [24]

Answer:

$900,000

Explanation:

The estimated litigation expense of $3,000,000 will be multiplied by the income tax rate for all the years which is 30%.

Hence,

($3,000,000 × 30%) = $900,000

Therefore the deferred tax liability to be recognized is:

$900,000

8 0

3 years ago

Which of the following best describes a liability?

sergeinik [125]

No matter what anyone says a liability is something that cost you money or that you have to spend money to keep

3 0

4 years ago

The annual benefits of $4000 every year for three years may be obtained for an investment on a production equipment costing $20,

vodomira [7]

Answer:

The right equation to determine the NPW is:

= B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)

Explanation:

a) Data:

Present value cost of production equipment = $20,000

Annual benefits = $4,000

Period of useful life = 3 years

MARR = 6%

Salvage value = $5,000

Present Value Annuity Factor for annual benefits for 3 years at 6% = 2.673

Present Value Factor for Salvage Value after 3 years at 6% = 0.840

Present Value Factor for the initial cost of investment = 1

Therefore, to obtain the NPW of the investment, the correct equation is:

B) NPW = -20000 + 4000(P/A,6%,3) + 5000(P/F,6%,3)

where NPW = Net Present Worth

P/A = Present Value Annuity Factor

P/F = Present Value Discount Factor

5 0

3 years ago