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3 years ago

11

This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int

o higher grades.

1 answer:

Anna71 [15]3 years ago

5 0

The answer is <span>longevity pay.</span>

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Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 P

romanna [79]

Answer:

Details below

Explanation:

For issuance of an entry a single transaction is recorded that is work in process account is debited and materials inventory account is credited. In subsidiary ledgers job numbers are debited. For indirect Materials factory overhead is debited.

The given data is as follows.

Requisition No. Material Job No. Amount

103 Plastic 400 $ 2,800

104 Steel 402 24,000

105 Glue Indirect 1,620

106 Rubber 403 3,200

107 Titanium 404 31,600

The entry for materials requisitioned will be

A compound entry can be passed. In this the subsidiary ledger is not included.

Sr. No Particulars Debit Credit

Work In Process 61600

Factory Overhead 1620

Materials Inventory 63200

The one with a subsidiary ledger would look like this.

Sr. No Particulars Debit Credit

(Subsidiary)

1 Work In Process 61600

( Job No 400) 2800

( Job No 402) 24000

( Job No 403) 3200

( Job No 404) 31600

Factory Overhead 1620

Materials Inventory 63200

This is combined entry but separate entries can be passed as well .

Sr. No Particulars Debit Credit

Work In Process 61600

Materials Inventory 61600

Sr. No Particulars Debit Credit

Factory Overhead 1620

Materials Inventory 1620

Sr. No Particulars Debit Credit

(Subsidiary ledger)

( Job No 400) 2800

( Job No 402) 24000

( Job No 403) 3200

( Job No 404) 31600

Materials Inventory Plastic 2800

Materials Inventory Steel 24000

Materials Inventory Titanium 3200

Materials Inventory Rubber 31600

In each of the entries above materials inventory is credited.

3 0

3 years ago

Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise Funds, two Internal Service F

NeTakaya

Answer:

c. Four (4)

Explanation:

5 0

3 years ago

How did the apple2 device worked

AlladinOne [14]

Just like the casual phone with memory strip and a crop base and all other parts

7 0

3 years ago

The fundamentals of Project Management are considered universal across most businesses and professions.

Troyanec [42]

Answer:

A. True

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

6 0

3 years ago

Which do you prefer of the options below? Is there an interest rate at which you switch your preference? If so, what is the rate

elena-s [515]

Answer:

As the first payment occurs on option 7 n interest rate higher enough can make the 50 dollars received first make the difference.

The switch produced at a rate of :

300%

Interest rate below this mark favor option 6

while higher than this favor option 7

Explanation:

Option 6

perpetuity of 100 discounted 1.5 year

$\frac{100}{r} (1+r)^{-1.5}$

perpetuity of 50 every 3 years discounted 3 years

as the payment are every three years we calcualte an equivalent rate:

$(1+r)^{3} -1 =r_e$

$\frac{50}{(1+r)^{3} -1} (1+r)^{-1.5}$

Option 7

perpetuity of 50 discounted 1 year

$\frac{50}{r} (1+r)^{-1}$

perpetuity of 100 every 2 years discounted 2.5 years

equivalent biannual rate

$(1+r)^{2} -1 =r_e$

$\frac{100}{(1+r)^{2} -1} (1+r)^{-2.5}$

having the formulas

we can do it on excel solver to look at which rate the switch produces

5 0

2 years ago