Answer:
False
Explanation:
Never said what the less experienced persons job was it could be a pilot and get Tons of money there for it would be false
Answer: $880.57
Explanation:
Assuming Par value of bond is $1,000.
Value of bond = (Coupon * Present value interest factor of annuity, no. years, required return) + Par Value/ (1 + required return)^ no. of years
Coupon = 5% * 1,000 = $50
Value of bond = (50 * 5.9713) + 1,000 / (1 + 7%)⁸
= 298.565 + 582
= $880.57
Answer:
Credit accumulated depreciation for 2017 is $46,000
Explanation:
Accumulated depreciation increases as a result of increase in depreciation charged on fixed assets.
Given that:
Accumulated Depreciation = $48,000
Deferred Gain on Transfer = $12,000
Amortization of Gain = Deferred Gain on Transfer / 6 years remaining = $12000 / 6 = $2000
Credit to Accumulated Depreciation for 2017 = Accumulated Depreciation - Deferred gain on transfer = $48000 - $2000 = $46000
Answer:
(a) the cost of the goods sold for the September 30 sale and
(b) the inventory on September 30.
- Ending inventory = 9 units at $17 = $153
Explanation:
date transaction units unit price total
1 beginning inv. 23 $16 $368
5 sale -13 ($208)
17 purchase 24 $17 $408
30 sale -25 ($415)
30 ending inv. 9 $17 $153
When we use first in, first out (FIFO) inventory method, the price of the units sold are calculated using the oldest units in inventory.
The COGS of the units sold on Sept. 5 = 13 units x $16 = $208
The COGS of the units sold on Sept. 30 = (10 units x $16) + (15 units x $17) = $160 + $255 = $415
Ending inventory = 9 units at $17 = $153
Open book management is the practice of sharing with employees at all levels of an organization vital information previously meant for management's eyes only.
Open book management (OBM) is defined as empowering every employee of an organization with required knowledge about the processes, adequate training and powers to make better decisions which would help them in running a business.
Open-book management is underlined by the theory that workers are more motivated and productive when they are treated as business partners – who traditionally have access to financial data – rather than employees. Open-book management nearly always improves near-term financial results. OBM is that it makes a company stronger over the long haul.
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