A Small business is defined as a business that is independently owned and operated and is not dominant in its field of operations.
Answer:
Departmental wage expenses for Dept. Y = 8,750 and Dept. Z = 10,250.
Explanation:
Direct wages of Y and Z sum 2,000 + 3,500 = 5,500. The remaining expenses are the difference between total wage expense and direct wage expenses. That means indirect expenses are 19,000 - 5,500 = 13,500. These has to be allocated half for each department.
- Dept Y expense is 2,000 + 13,500/2 = 2,000 + 6,750 = 8,750
- Dept Z expense is 3,500 + 13,500/2 = 3,500 + 6,750 = 10,250
Answer:
Lessee's Entries:
Rent expense (Dr.) $45,500
Cash (Cr.) $45,500
Lessor's Entries:
1. Property Tax expense (Dr.) $2,000
Maintenance and Repair Expense (Dr.) $650
Insurance Expense (Dr.) $500
Accounts Payable (Cr.) $3,150
2. Depreciation Expense (Dr.) $ 29,285
Accumulated Depreciation (Cr.) $29,285
3.Cash (Dr.) $45,500
Rent Revenue (Cr.) $45,500
Explanation:
The lease is considered as an operating lease as it does not have bargain purchase option and renewal options. The property ownership is not transferred in this lease.
Depreciation expense:
[ Cost - Salvage Value ] / 7
220,000 - 15000 / 7
Your answer should be C :)
good luck
Answer:
Correct answer is (a). adding a significant buffer to each activity
Explanation:
Realistic time estimates for project is an essential skill required by project management team to estimate required time for a component or whole project to be completed. It is expressed in person hour. Adding a significant buffer to each activity in project management does not required by team to estimate the time required to complete project.
