Explanation:
This is a complex issue that may reflect on the organizational culture of that company. As a leader, it is necessary to understand the situation and listen to both parties in order to find a favorable solution for the company and the employees. Since Marshall's work is important to the company, firing him at first may not be a favorable decision, what the leader can do is provide feedback to him about his interpersonal relationship at the company.
As an effective leader, it is necessary to constantly monitor the work and the relationship between employees, in which case it is necessary to understand the reason for Marshall's behavior and try to change the parameters and procedures that may be facilitating this behavior. It is necessary for him to understand that despite being an effective worker, the company is an integrated system that must be in perfect synchronicity for it to be successful in the market.
What the leader could do in this case then is to try to change the code of organizational ethics, seek training and psychological assistance for Marshall if necessary, talk to the workers who are part of the conflict to understand the situation in the best way, to seek a work redesign. , etc.
Answer:
132,000$ will be recorded by west as amortization expense for the year.
Explanation:
Depreciation/amortization is systematic allocation of cost of asset over its useful life. In this case asset cost is not given so we assume that PV of lease payment is equal to market value (660,000 dollars) of asset.
In case of leased asset the useful life taken for calculation of depreciation is lower of 1) Useful life 2) Lease term as per applicable accounting standards.
So we have taken 5 years to charge depreciation on Straight line method.
Hence by dividing 660000 by five we get our answer.
Answer:
a. Debit Depreciation expense $6,400
Credit Accumulated depreciation $6,400
b. $33,600
Explanation:
Depreciation is the systematic allocation of cost to an asset. It is given as
Depreciation = (Cost - salvage value)/estimated life
When accumulated over time, it is known as accumulated depreciation which is deducted from the cost to get the carrying amount of the asset.
Depreciation
= (100000 - 10000)/6
=$15,000
Between 2015 and start of 2019 is 4 years hence
accumulated depreciation at start of 2019
= $15,000 × 4
= $60,000
Net book value = $100,000 - $60,000
= $40,000
If the asset life is to be extended by 3 years, the remaining useful life changes from 2 to 5 years.
New depreciation rate
= (40,000 - 8000)/5
= $6,400
To record this for 2019,
Debit Depreciation expense $6,400
Credit Accumulated depreciation $6,400
The book value of the equipment at the end of 2019
= $40,000 - $6,400
= $33,600
If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday): TRUE
<h3>
What are tax returns?</h3>
- A tax return is a form or form that is filed with a tax authority and discloses income, expenses, and other relevant tax information.
- Tax returns enable taxpayers to assess their tax liability, plan their tax payments, and receive refunds for overpayments.
- In most nations, an individual or corporation having a reportable income, such as wages, interest, dividends, capital gains, or other profits, must file an annual tax return.
- For example, if April 15th comes on a Saturday, the deadline for individual tax returns is April 17th (assuming it is not a holiday).
Therefore, the statement "if April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday)" is TRUE.
Know more about tax returns here:
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Complete question:
If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday). TRUE or FALSE
Answer: b. pays cash before the expense has been incurred.checked
d. receives cash before the revenue has been generated
Explanation:
Here is the complete question:
Deferral adjustments are needed when the business:
a. pays cash after the expense has been incurred.unchecked
b. pays cash before the expense has been incurred.checked
c. receives cash after the revenue has been generated.unchecked
d. receives cash before the revenue has been generated.
Adjustments are made during the end of every accounting period in order to report the revenues and the expenses in proper period at which they occur and also in order to report the assets and the liabilities at their appropriate amounts.
Deferral adjustment is when the revenue or the expense has been deferred or postponed and will therefore be reported on the income statement at a later period.
Previously deferred amounts will show on the balance sheet when a company pays cash before having to incur the expense or in a case whereby the company gets and collects cash before earning the revenue.
When revenues are made or when expenses are incurred, the previously deferred amounts will have to be adjusted and then, the amounts will be transferred to income statement through the use of the deferral adjustment.
