Answer:
B. The service increased assets and increased stockholders’ equity.
Explanation:
Revenue is earned as immediately the service agreed by the parties involved has been delivered whether cash has been collected or not.
The accounting equation shows the relationship between the elements of the balance sheet namely the assets, liabilities and equity.
Given that Boone’s Cleaning Service performed cleaning services during December 2014, but had not collected any cash from its customers as of December 31, 2014, the amount earned is recognized in revenue and accounts receivables as credits and debits respectively.
The effect of this on the accounting equation is an increase in equity(via revenue earned) and an increase in assets (account receivables)
Answer:
<em>E. Take corrective action</em>
Explanation:
Corrective action is a contact mechanism with the worker in order to increase engagement, inappropriate behavior or efficiency.
An individual might take corrective action if other strategies have not been successful, such as player development and performance management.
You may choose to go straight to disciplinary action in cases of serious misconduct.
Answer:
I believe it could Profit or Self Profit Strategy.
Explanation:
Hope this helps : )
For Drake Corporation Average Cost per Unit of Direct materials $6.70 Direct labor $3.10 Variable manufacturing overhead $1.75. One more unit will cost $11.55 ($6.70+3.10+1.75).
The total amount of product costs incurred to make 4,800 units will be calculated as:
Direct materials = 4800 x 6.70 = 32,160
Add: Direct labor= 4800 x 3.10 = 14880
Add: Variable manufacturing overhead = 4800 x 1.75 = 8400
Therefore, the Total product cost will be:
= 32160+ 14880 + 8400
= $55,440
Total product cost for 4800 units will be = $55,440
Average costs per unit units will be = $55,440/4800
=$11.55
Learn more about Average Cost here:
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Answer:
The answer is $43,258.
Explanation: Here the borrower will have to pay the par value at maturity which is $43,258 in this case. The investor, at the time of buying the discounted note will pay an amount equal to Par value - discount.
The borrower will receive an amount less than $43,258 on issue of discounted note but will have to pay the full amount on maturity.
