Answer:
assets = liabilities + equity
a) NA - $6,400 AP
<u>+ $6,400 NP</u>
net effect $0
b) NA + $128 interest - $128 retained
payable earnings
c) -$6,528 cash -$6,400 NP NA
-$128 interest p.
revenue - expenses = income
a) NA NA NA
b) $0 $128 -$128
c) NA NA NA
•Succese
•Failur
•Fear
•greatness
•Proudness
•Lifestsly
Those are a few main points you can pick from I'm not go at attention grabbers sorry
Hope this helps have a nice day (if u want me to go into more detail don't be afraid to pm me)
Based on the scenario above, Mrs. Lieberman is engaging to
tactile learner. Tactle learning or also known as kinesthetic learning is a
learning style in which engages more on carrying out physical activities rather
than using of having to discuss and listen to lectures.
Answer:
$2,500
Explanation:
since Sherry will receive at least $10,000 or 25% of the partnership's net income, then the guaranteed payment = $10,000 - ($30,000 x 25%) = $10,000 - $7,500 = $2,500
When partnerships include guaranteed minimum payments, he/she will receive that amount even if the partnership's net income is not high enough. If the partnership's net income would have been $40,000 or more, then there would be no guaranteed payment (= $40,000 x 25% = $10,000).
Answer:
1. Ideal standard
2. Management by exception
3. Standard cost card
4. Standard cost
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
1. Ideal standard: quantity of input required if a production process is 100% efficient.
2. Management by exception: Managing by focusing on large differences from standard costs.
3. Standard cost card: record that accumulates standard cost information.
4. Standard cost: preset cost for delivering a product or service under normal conditions.
