Answer:
The answer is: D) A 529 Education Savings Plan
Explanation:
A 529 Education Savings Plan is designed specifically to cover educational expenses and most important, its tax free.
Coverdell Education Accounts don't allow contributions after age 18.
If the client prepays her college tuition plan, she will only cover educational unit expenses, but not all her expenses.
A five year savings bond shouldn't even be considered for this example.
Answer:
RECROOM EQUIPMENT COMPANY
Date Description DR CR
a. Nov 1 Note Receivable 8000
Allowance on debt 1,200
Account Receivable 9,200
<em> Being the settlement of customers deb</em>t
b. Dec 31 Interest receivable 120
Interest Income 120
<em>Being the interest accrued at the year end </em>
<em />
c. 30 April Cash 720
Interest receivable 120
Interest income 600
<em>Being the receipt of interest at maturity date</em>
<em />
d. April 30 Cash 8000
Note receivable 8,000
<em>Being the settlement of principal at maturity </em>
Explanation:
Answer:
home country spendable
Explanation:
The term that is being mentioned in this question is known as home country spendable. Like mentioned, this is income that represents the specific part of the home-country income that the assignee uses in order to pay the day-to-day purchases, unless the cost of the goods/services is higher in the host location, in which case a compensation package needs to be added.
Answer:
D) distinguish between random variation and assignable variation in the process
Explanation:
The purpose of control charts is to help distinguish between natural/random variations and assignable variations (variations that have an specific cause) in the Statistical Process Control. Using a control chart can help to monitor process variables and detect any variations. The real objective of elaborating control charts is to detect what can be the cause of assignable variations.
Answer:
Total= $278,300
Explanation:
Giving the following information:
The production budget indicates that the number of units expected to be produced is 189,000 in October, 197,500 in November, and 194,000 in December. Glaston assigns variable overhead at a rate of $0.70 per unit of production. Fixed overhead equals $146,000 per month.
Budgeted overhead for October:
Variable= 0.70*189,000= $132,300
Fixed= $146,000
Total= $278,300