Answer: B- help employers find the right people for jobs.
Explanation:
An executive search firm is paid firm which organisations adopt because they are known for having experienced and professional recruiters who are experts in recruiting activities for organisations. Their role includes identifying the qualifications needed for a given role, creating a candidate pool to assess candidates’ ensuring their skills, experience, and personalities align with the open position and directing the best candidate to the specific employer.
Most companies tend to adopt the Executive search firms especially when Role is new and Beyond Internal Expertise or when such firm wants to remain confidential in its search.
Generally, recruiting the right people in the right roles is not easy also it is a process that requires investments of time, since companies have found out they are experts in helping employers find the right people for jobs, they have become a solution in that regard.
Answer:
Assets Liaiblities
current current
cash 65,000 interest payable 27,000
prepaid rent: 19,500
marketable 55,000
non-current non current
prepaid rent 19,500 notes payable 230,000
marketable sec 55,000
Explanation:
We must determinate the current and non-current portion of assets and liaibilities:
current assets: will convert to cash within a year or is cash
crrent liaibility: obligation within a year
<u>prepaid rent:</u>
it is for 2-years therefore half is current (within a year) and half is non current.
39,000 / 2 = 19,500
<u>notes payables: </u>
the interest accrued are current as will be paid within 2022
the principal don't
<u>marketable securities:</u> 110,000 and a half will be sold the rest will be kept.
Last, cash is alwas current as the definition of current is that can be converted into cahs within 12 months
The cash already is cash
Answer:
$215,000
Explanation:
As at 2016
Cost of patent $200,000
Legal and filing fees $50,000
Patent $250,000
Yearly amortization = $250,000/10 = $25,000 (10 years)
As at 2019
Patent $250,000
Less Amortization($25,000*3 years) ($75,000)
Book Value $175,000
Patent (Book Value) $175,000
Add legal fees for an unsuccessful defense of the patent $40,000
Total $215,000
The amount charged to income (expense and loss) in 2019 related to the patent should be $215,000.
Answer:
a. Office Supplies Expense a/c Dr. $750
Explanation:
We are provided that office supplies are recorded as an expense, in that case entry will be:
Office Supplies Expense A/c Dr.
To Cash A/c
After this, there is a valuation of closing balance of supplies in hand.
As per books = $4,000
As per inventory of supplies in hand = $4,750
The difference = $4,750 - $4,000 = $750
This will be recorded in Office supplies expense as in this account only the supplies are recorded.
Therefore correct option is
a. Office Supplies Expense a/c Dr. $750