Answer:
(E). local and national norms
Explanation:
Employee Involvement and Participation (EIP) programs are put in place by organizations to encourage inclusiveness and foster collaboration among employees in the organization.
Although such programs are valuable to the organization, the "local and national norms" or cultures, within which the organization operates, must be taken into consideration by the organization, when structuring its involvement program practices.
Answer:
The student invests $60 each month and the interest rate is 6%. The interest rate is compounded monthly so we will take the interest rate as 0.5% (6/12).
The number of periods will be 420 (35*12) as the payments are made every month.
The present value is 0 as he is not making any investment at the start.
We need to find the future value of these payments, and for that we need to put these values in a financial calculator
PV= 0
PMT= 60
I= 0.5
N=420
Compute FV
FV=85,482
The total accumulated amount in the students annuity will be $85,482.
Explanation:
Answer:
beginning WIP 800
Question: which are the physical units in the beginning work in process inventory?
Explanation:
The beginning WIP and the started and completed untis will be the total transferred units.
<u><em>We first, solve for the start and completed: </em></u>
Unit Stated 25,200
Ending WIP(incomplete)<u> 2,000 </u>
start and complete 23,200
<em><u>Now, we solve for the WIP: </u></em>
<em><u /></em>
Transferred units 24,000
start and complete<u> (23,200) </u>
beginning WIP 800
Answer: $910,000
Explanation:
Pension expense is calculated by the formula:
= Prior Service cost for the year+ Service cost + Interest cost - Expected return on plant assets
Prior Service cost = Prior service cost / Service life of active employees
= 8,000,000 / 20
= $400,000
Expected return on plan assets = Plan assets * Interest rate
= 1,500,000 * 10%
= $150,000
Pension expense = 400,000 + 560,000 + 100,000 - 150,000
= $910,000
Answer:
A.
Debit Unearned Revenue $11,250
Credit Sales $11,250
Explanation:
B. It is an income for the company. Prepaid subscription is an expense for the company. Therefore, it is incorrect.
C. It is contradictory as the company already recorded the first quarter transaction. Therefore, Unearned revenue should be debit. So, it is also incorrect.
D. According to the revenue recognition, revenue is recognized when they are earned. Therefore, the company acquired the cash when the company received last year. So, it is incorrect.
E. Again, cash cannot be credit. Therefore, it is incorrect.
A is the correct answer. As, when the company received the payment, unearned revenue was credit. As the income is now recorded for the first quarter, $(45,000/4) = $11,250 of unearned revenue becomes earned. So, it is debit. Since it is a sale of a company, the sale becomes credit.
