Answer:
d. accretion
Explanation:
Accretion is the process by which new employees are added to a bargaining unit where they have common interest. It involves the gradual growth of business units. For example when unions transfer workers to a new employer.
Accretion occurs without election and is usually an operation of the law.
It helps preserve industrial stability by filling new jobs without going through an adversarial election process.
Answer:
$14,000
Explanation:
Sale made = Accounts Receivable on 30 June + Collections of accounts - Accounts Receivable on 1 June
= $15,000 + $25,000 - $10,000
= $30,000
Cost of goods sold = Sales made ÷ rate of mark-up on cost
= $30,000 ÷ 150% × 100%
= $20,000
Estimated cost of the June 30 inventory = Inventory Balance on June 1 + Purchases made during June - Cost of goods sold
= $18,000 + $16,000 - $20,000
= $34,000 - $20,000
= $14,000
Answer and Explanation:
The computation is shown below;
1. The willing amount to pay for the promise should be less than $20 that represents the time value of money
2. Now the present value is
= Received amount × discounting factor at 6% for 3 years
= $1,000 × 0.839
= $839
3. Now the interest rate is
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$1,000 = $863.84 × (1 + rate of interest)^3
rate of interest =5% approx
Answer:
a. have performance attributes that are difficult to ascertain at the moment of purchase
Explanation:
In case of an experience good, it is difficult to make predictions regarding its price and quality.
The reputation of a seller and word of mouth are the important things that customers can use to make decisions regarding purchasing of the product.
Experience goods are those which have performance attributes that are difficult to ascertain at the moment of purchase
Answer:
D. disclose a liability and provide a range of outcomes.
Explanation:
As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.
As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.
