Answer:
Land 90,000 debit
Building 270,000 debit
Cash 360,000 credit
--to record the purchase of land and a building atached to the ground--
Explanation:
To know the values we will calcualte the weights of each concept according to their fair values.
Then, we multiply these weight by the actual amount at which we purchased.
Land 100,000
Building <u> 300,000 </u>
Total 400,000
land weight: 100,000/400,000 = 25%
buidling weight: 300,000 / 400,000 = 75%
land enter the accounting as 25% of 360,000 = 90,000
building will we posted as 75% of 360,000 = 270,000
Explanation:
Blame shifting or differences in departments that are linked in the project might arise where specific resources are assigned tasks in tight time frames. Since resources are specified, this might also lead to professional jealousies, if one resource is working well than the other. This can also hamper team building ideology in the organization, where the fast pacers will feel better than those who didnt perform well in that specific project and negate working with them in future
Answer:
c. $161,400
Explanation:
The computation of the cash collections for December month is shown below:
Cash sales
= $160,000 × 30%
= $48,000
Credit sales
For same month = $160,000 × 50% × 70% = $56,000
For one month = $180,000 × 30% × 70% = $37,800
For second month = $140,000 × 20% × 70% = $19,600
So, the total cash collections is
= $48,000 + $56,000 + $37,800 + $19,600
= $161,400
Answer:
$11,250
Explanation:
The computation of depreciation expense for the second year is given below:-
Double declining rate = 1 ÷ 8 × 2
= 25%
Here, for computing the depreciation for 2nd year we need to first calculate the 1st year of depreciation.
Depreciation for the 1st year = Purchase cost × Double declining rate
= $60,000 × 25%
= $15,000
Depreciation for the 2nd year = (Purchase cost - Depreciation for the 1st year) × Double declining rate
= ($60,000 - $15,000) × 25%
= $45,000 × 25%
= $11,250
Answer and Explanation:
Ellen should look for job or business that is similar to his former work so that Ellen does the least harm so, Ellen must join a software company.
If Ellen left the company, Allen would have to make up for the loss of the company, but in this case the company has fired Ellen, due to which she will not have to pay any compensation.
