Answer: False, career selection should not be based on salary alone.
Explanation: When choosing a career it is important to consider several aspects such as your abilities to perform the task the job requires and how much you would enjoy the job.
Answer:
(a) It affects expense account.
(b) It affects Revenue account.
(c) It affects expense account.
(d) It affects Expense account.
(e) It affects Dividend account.
(f) It affects Revenue account.
(g) It affects Expense account.
(h) It does not affect stockholders’ equity because purchase of equipment for cash doesn't affect stockholders’ equity.
(i) It affects Common stock account.
Answer:
$1.60 per direct labor hour
Explanation:
Overhead application rate = Budgeted Overheads ÷ Budgeted Activity
hence,
Overhead application rate = $364,800 ÷ $228,000
= $1.60 per direct labor hour
Answer:
$29,750
Explanation:
Given that
Borrowed amount = $350,000
Interest rate = 8.5%
The computation of interest expense is shown below:-
Interest expense in the first annual payment = Borrowed amount × Interest rate
= $350,000 × 8.5%
= $29,750
Therefore, for computing the interest expense in the first annual payment we simply multiply borrowed amount with interest rate.
True. This demonstrates that buyer has confidence on buying products that are branded. She has trust that the product can satisfy her because the brand already earned a reputation in its field. It also shows that she passed scrutiny on the bought product.
