Answer:
The actual impact of the training can only be evaluated by comparing the performance of employees who underwent training and those who did not.
Explanation:
The reason is that when you conduct a post-lecture listening test then you are actually testing how much the person has absorbed the lecture which will not be reflected in the work that he will be assigned in near future. The main purpose of the training session is to make the workforce able to actually reflect the training lecture in the future work. This means if I want to increase the efficiency of the workforce then I will prefer to see whether or not the workforce which was trained have increased its work efficiency than the person who were not trained.
Answer:
A. Cash basis $5,750
Accrual basis $11,400
B. Accrual basis
Explanation:
A. Calculation for the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting
Cash basis Accrual basis
Service revenue
$21,900 $30,000
Less Operating expenses
$12,880 $18,600
Less Insurance expenses $3,270 $0
Net income $5,750 $11,400
B. Based on the above calculation the basis of accounting that provides more useful information for decision-makers is ACCRUAL BASIS OF ACCOUNTING.
Answer:
Closing inventory based on Specific IDENTIFICATION
7 Dec purchase ( 20-16) = 4 * $16 = $64
14 Dec purchase ( 35 -14) = 21*$24 = $504
21 Dec purchase 30*$29 = $870
closing inventory 31 Dec <u>= $1438</u>
Explanation:
The question is incomplete but here is a complete one
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.
Purchases on December 7 20 units @ $16.00 cost
Purchases on December 14 35 units @ $24.00 cost
Purchases on December 21 30 units @ $29.00 cost
Required:
Monson sells 30 units for $40 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification.
