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Evgen [1.6K]
3 years ago
11

As the manager of a successful accounting firm, you know that from January to April, your employees often feel great amounts of

stress. One of your employees, Syddarth, returned from lunch 30 minutes late and it appeared to you that he had been crying. It is important in this situation that you ________.
Business
1 answer:
Vadim26 [7]3 years ago
4 0

Answer:

Talk to him or give him a holiday for the rest of the day

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Crane Company purchases a patent for $161,900 on January 2, 2022. Its estimated useful life is 5 years. (a) Prepare the journal
Zina [86]

Answer:

Explanation:

The journal entry is shown below:

Amortization expense - Patent A/c Dr $32,380

     To Patent A/c $32,380

(Being amortization expense for the first year is recorded)

The computation is shown below"

= Purchase cost of patent ÷ estimated useful life

= $161,900 ÷ 5 years

= $32,380

For the intangible assets, the amortization expense is considered,not the depreciation expense and the same is to be taken.

7 0
3 years ago
Question 12 Which answer illustrates "compound interest"?
Ber [7]

Answer:D

Explanation:

7 0
2 years ago
In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 70,000 shares at
Tcecarenko [31]

Answer:

2nd February Treasury Stock Dr 840,000

Cash Cr 840,000

(Cash paid $12*70000 = 840,000)

17 March Cash Dr 280,000

Treasury Stock Cr 240,000

Additional Paid-In Capital Cr 40,000

-Cash 20000×$14 = 280,000.

-Treasury stock 20000×$12=240,000)

17 May Cash Dr 200,000

Disc on Capital Dr 100,000

Treasury stock Cr 300,000

Cash 25000×$8=200,000.

Tresury stock 25000×$12= 300,000

Explanation:

For the cost method, the purchase of treasury stock is noted by debiting treasury stock account by the actual cost of purchase. Par value of the shares as well as the amount received from investors when the shares were firstly issued is ignored in the cost method.

Reissuance of treasury share results in credited treasury stock account for the cost at which they were purchased, cash account debited for the amount actually received &at times, the amount received on reissuance of treasury stock is greater than the cost of treasury stock, the difference between the amount received and cost of the treasury stock is credited to additional paid-in capital. It is lower than the cost of treasury stock, when the excess of cost of treasury stock over the amount received is debited to discount on capital account.

8 0
3 years ago
"You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 6 percent, –13 percent, 24 per
Vanyuwa [196]

Answer:

6.80%

Explanation:

The average nominal returns is the sum of the returns for 5 years divided by the number of returns considered( i.e 5, 5 returns for 5 years)

average nominal returns=(6%-13%+24%+18%+15%)/5

average nominal returns=10.00%

The Fisher's equation is shown thus:

(1 + i)  = (1 + r) (1 + π)

i=nominal return=10.00%

r=average real return=the unknown

π=inflation rate=3%

(1+10.00%)=(1+r)*(1+3%)

1.10=(1+r)*1.03

1+1=1.10/1.03

r=(1.10/1.03)-1

r=6.80%

7 0
2 years ago
Which of the following typically involves the use of social networks to communicate and promote the benefits of products and ser
professor190 [17]

Answer:

b) social network advertising

Explanation:

Advertising on social networks is being highly targeted by marketers, as the use of social networks has been growing more and more, through it it is possible to carry out the communication and promotion of product and service in a cheap, fast and dynamic way that can generate engagement and value, retain and attract new customers, in addition to creating a stronger relationship between customer and company, which positions the company in the market in a positive and competitive way.

3 0
3 years ago
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