Answer:
$300
Explanation:
When insurance is paid in advance, the entries required are
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Amount of insurance expense as at 31 December (6 months between 1 July and 31 December)
= 6/12 * $600
= $300
The insurance expense on the annual income statement for the first year ended December 31 is $300.
A contingent workforce is more on-demand than standard, full-time employees. Examples of contingent workers are freelancers, contractors, and consultants. These types of workers are hired when needed for shorter term projects and are only employed by the company for the time they are needed to complete their project.
Answer:
30
Explanation:
Provided that there are two categories of workers:
Blue Collar and white collar
Rate of blue collar = $600 per week
Rate of white collar = $1,000 per week
Total workers = 50
Let us assume that blue collar workers = y
Then,
y 
$600 + (50 - y) $1,000 = $42,000
600y + $50,000 - 1,000y = $42,000
$50,000 - $42,000 = 1,000y - 600y
$8,000 = 400y
$8,000/400 = y
20 = y
That means 20 blue collar workers
White collar workers = 50 - y = 50 - 20 = 30
Answer:
Part (a)
Equivalent units for materials using the weighted-average method is 70500 units
Part (b)
Equivalent units for conversion costs using the weighted-average method is 52735 units
Explanation:
Transferred Out(eqiv) Ending Inventory(equiv) Total
Materials 49600 20900 70500
Conversion Cost 49600 3135 52735
<u><em>Equivalent units for materials</em></u>
Transfered Out Units are 100% complete in terms of materials. Hence 49600 equivalent units.
Ending Inventory is 100% complete in terms of materials hence 20900 equivalent units.
<u><em>Equivalent units for Conversion Costs</em></u>
Transfered Out Units are 100% complete in terms of Conversion Costs. Hence 49600 equivalent units.
Ending Inventory is 15% complete in terms of materials hence 3135 equivalent units.
D because if he’s asking employees to buy stocks it means he’s trying to increase his stock to decrease his chances of needing a raise which which is more expensive
