Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.
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Answer:
<u>Unethical work behavior</u>
Explanation:
It is very unfortunate in many organization for such kind of scenarios to occur which could lead to dismissal from work if the gets to know about the attitude.
Remembering that no one will be pleased totally in workplace you will have to give people the benefit of the doubt by trusting them because If we all run around mistrusting others, we end up creating a miserably unhappy business culture.
Answer:
b) Has a higher expense ratio than an index fund
Explanation:
A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.
A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.
Answer:
Explanation:
Corruption is the misuse of power that have been entrusted, It is doing contrary .
Corruption leads to poverty - the state of been poor, lacking in important things. When resources available for masses is embezzled by some certain persons it makes others poor lacking in good thing.
Corruption leads to unsustainable growth and development. In a corrupt environment their is virtually no growth or slow growth rate, individual life's cannot be sustained become they lack resources and amenities.
Answer:
-$3,547 unfavorable
Explanation:
For the computation of labor rate variance for January first we need to find out the standard direct labor cost which is shown below:-
Standard Direct labor cost = Produced units × Standard quantity of direct labor × Standard price of direct labor
= 3,440 × 0.8 × $33
= $90,816
Labor rate Variance = Standard direct labor cost - Actual labor cost
= $90,816 - $94,363
= -$3,547 unfavorable
Therefore for computing the labor rate variance we simply applied the above formula.
