Answer:
(a) Total amount paid -$3000 will be recognized immediately as an expense.
(b) Only two month advertising expenses will be recognized as expense i.e $600 while the balance will be recorded as prepayment under current asset.
Explanation:
Monthly advertising expenses = 3,000/10
= $300
(a) Under Cash basis, the total amount paid in advance (i.e $3000) will be recognized as being expenses immediately.
(b) Under accrual basis, only two month advertising expenses already consumed will be recognized as an expense immediately while the remaining 8 months balance yet to be utilized ( $2400) will be accounted for as prepayment under current asset in the statement of financial position (i.e it will be deferred)
Answer:
<em>The process of getting, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns is known as Human Resource Management.</em>
Explanation:
<em>(1) Human Resource Management </em>is basically the management of the processes from start to end with respect to the people thought to be a part of the organization in the near future. The starting processes include <em>getting,</em> <em>training and compensating </em>people also and the end processes include <em>compensating employees, attending to their labor relations, health and safety and fairness concerns.</em>
<em>(2) Human Resources </em>i.e. the people<em> </em>are the biggest asset of an organization and thus are referred to as <em>Human Capital. </em>Their good management can make the smaller businesses rise to bigger businesses. The objectives of the organisation and the human resources should move side by side in, so that both the organisation and the people in it can prosper.
Hence, we can say that <em>human resource management is the key which makes differences between a successful organization and a failed organization possible. </em>
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Answer:
No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.
Explanation:
When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.
The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.
In one view, the asset prices are objectively based on fluctuating principles, whilst in the certain, psychological factors and prejudices play an important role.
Explanation:
As the rate of interest increases, the price of the investments declines because the yield on risk-free investing can sometimes be greater to buyers. On the other hand, the price of assets is rising as interest rates are falling.
This is usually the interest rate owed by small investors on an approved FDIC portfolio, checking account, term deposit acct or mutual fund of the monetary sector. This is now the so-called US "risk-free" limit for bigger creditors, companies and individuals. Bills for the Treasury.
Answer:
a. Fuel Interest on company-issued bonds FIXED
b. Shipping charges VARIABLE
c. Payments for raw materials VARIABLE
d. Real estate taxes FIXED
e. Executive salaries FIXED
f. Insurance premiums FIXED
g. Wage payments VARIABLE
h. Depreciation and obsolescence charges FIXED
i. Sales taxes VARIABLE
j. Rental payments on leased office machinery FIXED
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: real estate taxes, rental
