Answer:
A debit to Cash for $5,120, a credit to Cash Overage for $16, and a credit to Sales Revenue for $5,104.
Explanation:
In the current situation, the cash received is in excess of revenue recorded, thus, there will be cash overage.
As per books cash shall be $5,104 but since actual cash is $5,120 there is cash overage of $16
Therefore, for this, actual cash received shall be debited = $1,520
Cash overage shall be credited for $16
And accordingly sales of $5,104 shall be recorded as a credit.
Thus, correct option is: Entry A
Answer:
FV= $1,181.62
Explanation:
Giving the following information:
Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years?
We need to use the following formula:
FV= PV*(1+i)^n
FV= 500*(1+0.035)^25
FV= $1,181.62
When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. The above statement is false.
<h3>
What does skill refer to?</h3>
- A skill is a learned ability to perform an action with predictable results consistently and well within a certain window of time or energy, or both. Domain-general and domain-specific skills are two common categories of skills.
- For instance, in the field of work, generic skills like time management, teamwork and leadership, self-motivation, and others are useful in all jobs, whereas domain-specific abilities are only applicable to a certain position.
- To evaluate the amount of ability being displayed and applied, specific contextual triggers and scenarios are typically required.
- When a skill represents a body of knowledge or a specific field of study, such as the art of war or the art of medicine, it is referred to as an art.
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Question:
When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. State whether the statement is true or false.
Incremental contribution margin:
$25,000 increased sales x 60% CM ratio $15,000
Incremental fixed salary cost 8,000
Increased net income $7,000.
yes, the position should be converted.
In economics, the margin is profit after deducting expenses, expressed as a percentage. In investing, the margin is the deposit an investor leaves with a broker when borrowing money to buy a security.
The portion of a page or sheet outside the body of a printed product or document. 2: The outer boundary and adjoining surface of something: a ridge at the edge of the continental margin of a forest. 3: Any amount or measure or degree of substitution permitted or granted due to unforeseen circumstances or special circumstances was not subject to error.
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Answer and Explanation:
The computation is shown below;
a. Raw material price variance is
= (standard price - actual price) × actual quantity
= ($10 - $11) × ($69,300 ÷ $11)
= ($10 - $11) × 6,300
= $6,300 unfavorable
b. The raw material usage variance is
= (Standard quantity - actual quantity) × standard price
= (525 × 13 - 6,300) × $10
= $5,250 favorable
In this way it should be calculated
