Answer:
$200,000
Explanation:
Here, in the solution the tax effects are ignored as tax rate is not provided.
Since accrual basis is the acceptable basis, we have:
All the revenues and expenses are to be recognised in the period it belongs to, and not when the actual cash payment is received or made.
Total revenue earned in 2015 = $400,000
Total expense (Wages of employees) for 2015 = $200,000
Therefore, net income for 2015 = $400,000 - $200,000 = $200,000
Note: It is of no relevance that when actual cash was realised from debtors and when actual payment was made to employees.
Answer:
Yes, I think that customers are very impressed with their customer service
Explanation:
I'm impressed.
Bias may be occurring. Bias is basically thinking someone is better than another person due to one factor, without even knowing the person. In this instance, the store manager is only hiring shift supervisors who have a degree, rather than an experienced cashier without a degree. The bias here is dependent on the employee's educational history. The manager may think that even though the cashiers are great, they still may not have the qualifications that one would pick up in college.
Answer: 0.15 years
Explanation:
According to Little's Law, it should be noted that:
I = R × T
where,
I = amount of flow units
R = rate of processing flow units
T = time
For this question,
I = $45 million
R = $300 million
Time will be:
T = I/R
T = 45/300
T = 0.15 years
Therefore, the account receivable process will use an average of 0.15 years.
Answer:
After her 18th birthday the balance will be $41,301
Explanation:
Balance right after the 18th birthday is calculated using the formula for future value of annuity
FV = 
Annual payment PMT = 1,000
Interest rate i = 0.09
Deposits are made for 18 years: n = 18
The balance in her account will then be:
FV = 1,000 * ( 1.09^18 - 1 ) / 0.09
= $41,301
