Answer:
paid-up additions
Explanation:
Paid-up additions refers to additional payment that insurance buyers can have above the initial required premiums agreed in initial contract, The additional payment will directly increase the amount of money given to the recipient after Beth died.
Typically, this type of insurance is bought by people who experience a sudden malicious illness with very low chance of survival.
Answer:
It is a relatively easy method to apply.
Explanation:
When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.
But here, the parent company uses, initial value method for internal reporting.
Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.
There is no statutory requirement to follow such initial value method for internal reporting.
The correct reason therefore, is:
It is a relatively easy method to apply.
Answer:
a supportive leader
Explanation:
A supportive leader is a leader who is able to identify changes and assistance that are needed to promote the well-being of his team members and timely resolve all unnecessary issues with the aim of delivering a high standard of performance.
A supportive leader is usually kind, friendly, and concerned about the personal needs and welfare of his followers. He also leaves his door open to be approached by many people for advice and help, and also inspires them perform tasks assigned to them with enthusiasm.
Therefore, Peter's behavior implies that he is most likely <u>a supportive leader</u>.
Answer:
$7000
$7000
b. 15,000
7500
6160
8400
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(30,000 -- 20,000) / 4 = 7,000
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
2/4 x 30,000 = $15,000
2022 = 2/4 x (30,000 - 15,000) = 7500
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
Answer:
$ 145
Explanation:
Units produced 3,500 units
Sale price $ 200 per unit
Direct materials $ 70 per unit
Direct labor $ 55 per unit
Variable manufacturing overhead $ 20 per unit
Variable Costs = $ 145
Variable selling and administrative costs $ 30 per unit
Total Variable Cost = $ 175* 3500= $ 612500
Fixed manufacturing overhead $ 350,000 per year
Fixed selling and administrative costs $ 150,000 per year
Total Costs $1112500
Total Unit Cost = $112500/3500= $ 317.85
