Answer:
Given that,
Operator bought a futures contract = 5,000 kilograms of rice at $1.50 per kilogram
Initial margin = $4,000
Maintenance margin = $2,000
(a)
(i) Balance of Margin = Initial margin - maintenance margin
= $4,000 - $2,000
= $2,000 (loss)
(ii) Change in price = 
= $0.40
(b) Price per kilogram = Current price - Change in Price
= $1.50 - $0.40
= $1.10
So, change price per kg is $1.10
(c) Balance of Margin = Initial margin - maintenance margin
= $4,000 + $2,000
= $6,000 (loss)
Change in price =
= $0.40
(d) Price per kg = Current price - change in price
= $1.50 + $0.40
= $1.90
Answer:
the depreciation expense for 2022 is $3,000
Explanation:
Straight line method of depreciation charges a fixed amount of depreciation over the period of use of an asset.
Depreciation Expense = (Cost - Residual Value) / Number of useful life
= ($81000 - $21000) / 5
= $12,000
The Annual depreciation charge for this machine will be $12,000 for each of the years that it is used in the business.
However since it was paced in use during the year that is 1 October, we have to apportion the Annual charge withe number of months that its has been in use during 2022.
It has been used for 3 months thus depreciation charge is :
Depreciation = 3/ 12 × $12,000
= $3,000
D. because an employee with good work ethics can prove to be an efficient resource overall ( because its common sense)
Answer:
$392,400
Explanation:
The computation of correct balance for ending inventory on December 31 is shown below:-
Correct balance for ending inventory = Ending inventory – Office supplies
= $416,000 - $23,600
= $392,400
Therefore for computing the correct balance for ending inventory we simply deduct the office supplies from ending inventory and ignore all other amounts as they are not relevant.
Answer:employee support group.
Explanation:employee support group are voluntary, employee-led associations where team members join together in light of common interests, backgrounds, or demographics.
A group of employees that join together in the workplace based on shared interests, backgrounds, or life experiences. Employee resource groups help provide support for both career and personal development.
