Answer:
B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment
Explanation:
An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.
Do not share your information. Identity theft is on the rise year after year. We carry our personal information in apps on our phones, on online accounts as well as when we check our credits on non-certified websites. Always use incognito mode when purchasing and never save your credit card or password to personal sites.
Answer:
January Overheads are <u>under-applied</u> by $2,000.
Explanation:
When,
Actual overheads > Applied overheads we say overheads are under-applied.
Actual overheads < Applied overheads we say overheads are over-applied.
Where,
Applied overheads = Predetermined overhead rate × Actual Activity
Therefore,
Applied overheads (January) = 120% × $40,000
= $48,000
Actual overheads (January) = $50,000.
Conclusion
It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.
Amount of under-applied overheads = $50,000 - $48,000
= $2,000
Answer:
The price of the stock is $38.33
Explanation:
The dividend growth is zero on a preferred stock thus its dividends are just like a perpetuity as the stocks have no defined life. The formula for the price or value of a perpetuity or the zero growth model is,
P0 = D / r
Where,
D is the dividend
r is the required rate of return
Thus, the price of the stock is:
P0 = 3.22 / 0.084 = $38.33
