Answer:
The correct answer is:
I trust you to be able to accomplish this task (C)
Explanation:
First of all, you have to know the meaning of the word competence, and competence is a collection of related relevant abilities, know-how and skills required to act effectively on a job or situation. Which is a clear message passed by the speaker in the statement "I trust you to be able to accomplish this task", because the speaker knows that his team member possesses the right skills to carry out a task successfully.
The statement in option D ( "I trust you to do the right thing." ) also tells a little about competence because one of the definitions of competence highlights being sane, and one needs to be sane to do the right thing, but it is only second choice when compared to the statement in option "C".
Next time when you are faced with this kind of question, identify the keyword ( which in this case is competence), and use that to answer the question.
Answer:
Standard hours= 1,200 hours
Explanation:
Giving the following information:
XYZ Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product.
During October the company worked produced 300 units.
<u>First, we need to calculate the standard hour per unit:</u>
Standard hour per unit= 1,000 / 250= 4 hours per unit
Now, the standard hours allowed for 300 units:
Standard hours= standard hour per unit*number of units
Standard hours= 4*300
Standard hours= 1,200 hours
Answer:
Saving = $200
Investment = $100
Explanation:
Given;
Gross Domestic Production = $1000
Consumption = $600
Taxes = $100
Government spending = $200
Find:
Saving and investment
Computation:
Saving = Gross Domestic Production - Consumption - Government spending
Saving = 1,000 - 600 - 200
Saving = $200
Investment = Saving - Taxes
Investment = 200 - 100
Investment = $100
Answer:
<u>Equipment:</u>
Dr. Cr.
Depreciation Expense $5,520
Accumulated Depreciation $5,520
<u>Land:</u>
Land never depreciates, so there is no adjusting entry for the Land purchased on year end.
Explanation:
Year end is not given in the data so, it is assumed the December 31 is the end of the year
Equipment
Depreciation for the year = ( Purchase price - Residual value ) / useful life
Depreciation for the year = ( $32,000 - $4,400 ) / 5 years
Depreciation for the year = $5,520
Answer:
A. $10,000
Explanation:
We know that :
cost of goods sold = opening inventory + purchases - ending inventory
hence,
Ending Inventory = opening inventory + purchases - cost of goods sold
therefore,
Ending Inventory = $15,000 + $45,000 - $50,000
= $10,000
The ending inventory must equal: $10,000
