Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:

What makes up the organization’s mission, policies, procedures, and also forms a hierarchy that dictates the purpose of the orga

Delicious77 [7]

The mission is the purpose, the objectives and goals of the organization. The policies are based on the mission and provide a statement of purpose. Procedures are step by step directions on how a policy is to be carried out. The organization’s mission, policies, procedures, and also forms a hierarchy that dictates the purpose of the organization are defined in the framework of the organization.

6 0

3 years ago

Forever Jewelers uses the perpetual inventory system. On Aprilâ€‹ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500

Tema [17]

Answer:

Accounts Receivable $8,820

To Sales Revenue $8,820

Explanation:

The journal entry to record the sales revenue is shown below:

Accounts receivable A/c Dr $8,820

To Sales revenue A/c $8,820

(Being merchandise sold on credit basis)

For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue

The computation of sales revenue is shown below:

= Sales revenue - discount

= $9,000 - $9,000 × 2%

= $9,000 - $180

= $8,820

This is the answer but the same is not provided in the given options

6 0

3 years ago

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process

Whitepunk [10]

Answer:

Cairle Company

1. The predetermined overhead rate based on direct labor cost is:

= 75% of direct labor cost.

2. August 31 Ending Balances:

Job 70 $7,475

Job 71 $7,960

Job 72 $9,825

Job 73 $8,150

Job 74 $1,350

Job 75 $2,065

Job 76 $384

3. Ending balance of Work in Process, August 31:

= $9,694

4. The cost of goods sold for August = $11,890

5. Sales revenue for August = $14,268

Explanation:

a) Data and Calculations:

Work in process inventory on August 1:

Job 70 Job 71 Job 72 Job 73 Job 74 Job 75 Job 76

Direct materials $1,600 $2,000 $850

Direct labor 1,900 1,300 900

Applied overhead 1,425 975 675

Direct materials $800 $1,235 $3,550 $5,000 $300 $560 $80

Direct labor 1,000 1,400 2,200 1,800 600 860 172

Applied overhead 750 1,050 1,650 1,350 450 645 129

Total costs $7,475 $7,960 $9,825 $8,150 $1,350 $2,065 $384

Work in Process:

Job 71 $7,960

Job 74 1,350

Job 76 384

Total $9,694

Cost of goods sold:

Job 72 $9,825

Job 75 $2,065

Total $11,890

Sales revenue = $14,268 ($11,890 * 1.20)

4 0

3 years ago

People-based services are ___________ in today’s world. increasing staying about the same varying from day to day decreasing

ddd [48]

Answer:

People-based services are Increasing in today’s world.

Explanation:

Services in which individuals, instead of hardware or apparatus, assume the significant job in conveyance; for instance, individuals assume the significant job in the conveyance of monetary arranging administrations. 

People based services are increasing in today's world as there is need to handle and control the software's and machines that are used to carry out functions.

7 0

4 years ago

Under the mudarabah banking system, when an Islamic bank lends money to a business Multiple Choice it charges that business inte

Vikki [24]

Answer:

It takes a share in the profits that are derived from the investment.

Explanation:

The Mudarabah banking system is a financial concept that is structured on partnership, wherein one partner is the financier (rabbulma) while the other partner is responsible for the supply of labor and skills (mudarib) for the management of the capital invested in the business. Consequently, the factors of production in this system are, labor, capital and entrepreneurship.

The Mudarabah is of two types:

1. Restricted mudarabah: if the financier states a particular business for which the capital is to be invested in.

2. Unrestricted mudarabah: if the financier permits the fund manager or entrepreneur (mudarib) to invest the capital in any business of choice.

Under the mudarabah banking system, when an Islamic bank lends money to a business, it takes a share in the profits that are derived from the investment for a specific period of time.

Hence, it's a banking system peculiar to the Islamic world and the contractual partners shares profit and loss based on a pre-defined and agreed ratio.

7 0

3 years ago