Answer:
Good samaritan statutes
Explanation:
A good samaritan in legal terms is defined as someone who aid in an emergency to an injured person on a voluntary basis. These statutes aims to promote people rendering emergency care to strangers, preventing them from being afraid of legal consequences for unintentional injuries. The statutes may vary from jurisdiction to jurisdiction, as do their interactions with various other legal principles, such as consent and the right to refuse treatment. And most of times there not applied to damages as may result from the person's gross negligence .
Answer:
b) debit accounts receivable, credit capital
Explanation:
Performing service is part of normal business activities. It generates revenue for the business.
Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.
The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.
Answer:
The controllable variance for the month was $1,709 unfavorable
Explanation:
Controllable variance: The controllable variance show a difference between actual overhead expenses incurred and budgeting operating level based on direct labor hour.
In mathematically,
Controllable variance = Actual overhead expenses - budgeting operating level based on direct labor hour
where,
Actual overhead expenses = $11,227
And, budgeted operating level based on direct labor hour
= budgeted operating level × direct labor per hour
= 6,160 × $2.10
= $12,936
Now, put these values on the above formula:
So,
Controllable variance = $11,227 - $12,936 = $1,709 unfavorable
Hence, the controllable variance for the month was $1,709 unfavorable
Answer:
The answer is C.
Explanation:
Current ratio shows the liquidity of of a company. This ratio tells us how a company or business is able to meet its short obligation.
This ration is very important to lenders because they use it to know of you will be able to meet the interest payment and principal
The formula for current ratio is:
Current assets/current liabilities
Total current assets is $493,000, Total current liabilities is $357,000
= $493,000/$357,000
=1.38
