Answer:
The management of ABTronics firm seeks to convince its employees of their stake in the prosperity of the firm. How can they best accomplish this?
There are various ways to accomplish such which involves;
Increase salary of their employees
Giving of bonus on those that work on excessive hours, festival bonus among others
Opening of more branches
Improve welfare packages in diverse means
Reduction of workload by employing more hands to engage in the job
Explanation:
Answer:
$8,985.17
Explanation:
We assume that there are 365 days in a year and that 1.2% interest rate is the annual rate.
N = 15 years x 365 days/year = 5475
r = 1.2% / 365 = 0.0033%
PV = $7,500
FV = ? We have to calculate the Future value
FV = PV
FV = 7500 = $8,985.17
Answer and Explanation:
The computation and the journal entries are shown below:
a. The depletion rate is
= $203,200,000 ÷ $12,700,000 tons
= $16 per ton
b. The amount of depletion expense for the current year is
= $16 × $2,980,000
= $47,680,000
c. The journal entry is shown below:
Depletion Expense $47,680,000
To Accumulated Depletion $47,680,000
(Being the depletion expense is recorded)
For recording this we debited the depletion expense as expenses is increased and credited the accumulated depreciation as it reduced the assets