Answer:
That statement is true
Explanation:
Pre-determined overhead is the method of overhead calculation that being done at the beginning of each accounting period. They use the number based on estimation from the performance on the previous period.
Determining pre-determined overhead of a machine is far easier compared to human labor since machine tend to give stable performance.
Since larger companies tend to use more machines than smaller companies, pre-determined overhad is more common among larger companies and rarely found in smaller ones.
Answer:
Dr. Lease asset office equipment $15,499
Cr. Lease Liability $15,499
Explanation:
A capital lease is a lease between two parties in which a party transfer leases asset to in exchange of lease payments.
To make a lease finance lease following criteria must be fulfilled.
- The asset will be transferred to lessee at the end of lease period
- Agreement must contain bargain purchase option
- Lease period must be 75% or more of useful life of asset
- Value of lease must be equal or more than the market value of asset
Answer:
- Since the question is missing the contents of A4, B4, and C2, see below the explanations for two possible cases.
Explanation:
The command that is used in excel worksheets to combine the content of two (or more) cells into other cell is &.
The content on the resulting cell is will be a text, independent on whether the starting cells had text or numbers.
If you do not want to add any character or blank space in between the content of the starging cells, just use &.
The procedure is:
- Select the cell where you want to put the combined data: C2 in your case.
- Type = or + and select the first cell you want to combine: A4 in your case.
- Select the other cell that you want to combine: B4 in your case
Thus, if you do not want to add any character, the answer would be:
- =A4&B4. That is not a choice. But notice that =A4&""&B4 yields the same result.
If you want to add some characters or blank space in between the content of the starging cells, use &" whatever you want to add in between"&
The procedure is:
- Select the cell where you want to put the combined data: C2 in your case.
- Type = or + and select the first cell you want to combine: A4 in your case.
- Type whatever you want to add in betwen
- Select the other cell that you want to combine: B4 in your case
If you you want to add a blank space the answer would be:
Answer:
5.20%
Explanation:
The computation of the reduction in assets improve the ROE is shown below:
But before that we need to calculate the following things
Equity ratio = 100 - 41 = 59%
Total equity = $205,000 × 59% = $120,950
ROE = Net income ÷ Total equity
= $18,250 ÷ $120,950
= 15.08%
Again, Total equity = $152,500 × 59% = $89,975
ROE = Net income ÷ Total equity
= $18,250 ÷ $89,975
= 20.28%
Now ROE improved by
= 20.28% - 15.08%
= 5.20%
This is the answer but the same is not provided in the given options
Answer:
A
Explanation:
Monique is a sole proprietor
A sole proprietorship is a type of business that is owned by one person
Characteristics
1. it is owned by one person
2. the business has unlimited liability
3. the business has limited access to capital
4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies
5. the business is usually not separated from the owner
