Answer:
Piece rate system
Explanation:
The piece rate system is the system in which the price is paid according to the units make or produced
Since in the question it is mentioned that the Janna sells handmade jewellery and her employees would paid a specific amount for each bracelet and necklace they developed irrespective of the time it takes so this represents the piece rate system
So the same is to be considered
Answer:
Following are the journal entries for Setterstrom Company;
<u>May 01</u>
Debit: Petty cash = $100.00
Credit: Cash = $100.00
<u>Jun 01
</u>
Debit: Delivery Expense = $31.25
Debit: Postage Expense = $39.00
Debit: Miscellaneous Expense = $25.00
Debit: Cash over/short (Balance amount) = $3.00
Credit: Petty Cash ($100 - $1.75) = $98.25
<u>Jul 01</u>
Debit: Delivery expense = $21.00
Debit: Entertainment expense = $51.00
Debit: Miscellaneous expense = $24.75
Credit: Petty Cash ($100 - $3.25) = $96.75
<u>Jul 10
</u>
Debit: Petty cash = $30.00
Credit: Cash = $30.00
Sum of the year's digits is 5 + 4 + 3 + 2 +1 = 15 years.
Depreciation base: 32,000 - 2,000 = 30,000
The depreciation applied in any year is the depreciation base times (number of years remaining divided by 15). The first year has the highest depreciation, and the fifth year has the lowest.
Depreciation:
1st Year: Dep Base x 5/15
2nd Year: Dep Base x 4/15
3rd Year: Dep Base x 3/15
4th Year: Dep Base x 2/15 = 30,000 x 2/15 = 4,000
5th Year: Dep Base x 1/15
Answer is $4,000
Yes the npv should always follow as it represents
Answer:
Factual arguments attempt to establish whether something is or is not so. Facts become arguments when they're controversial in themselves or when they're used to challenge or change people's beliefs.
Explanation:
