Answer :a obligation.
The word obligation means “to be bound to act in a certain way either morally or legally.”
Hence when one is in need of money to start a business, family members may lend the money because they are bound to help you in times of need.
Loans from family members are usually interest free.
However, if the loan is not repaid, relationships quickly turn sour.
Hence loans from family member must be treated with respect and care, in order to maintain relationships.
Answer:
The option (c) $89,100 unfavorable is correct
Explanation:
Solution
Recall that:
The actual price per gallon = $11.75
Actual gallons of material used= 5,000
Actual hourly labor rate= $17.00
Actual hours of production= 24,300
Standard price per gallon =$12.00
Rate of labor = $12.00
Now,
We find the total direct labor variance which is computed as follows:
Total Direct Labor Variance = Actual Direct Labor Cost - Standard Labor Cost
=24300*17 -3*9000*12
= 413,100 -32400
= -89,100 (unfavorable)
Therefore, the total direct labor variance is $89,100
Answer and Explanation:
The external reporting of GAAP-based budget summaries for a non-benefit hospital will vary to a profit hospital in the accompanying ways:
- For profit's hospital money related reports starts heading as "letter" from the entrepreneur or the CEO. The focal point of this letter is on the earlier year tending to any trouble the organization has survived. Though, non-benefit yearly reports report out the association's motivation and measurements about what number of individuals have profited by the examination, projects and administrations.
- The yearly report of revenue driven associations regularly delineates how well they deal with their cash, to dazzle the potential speculators. Though, non-benefit associations simply center around how they go out dealing with the things will pretty much nothing or less assets close by, and the financing they put into their projects and administrations to help improve the network and offer help for those out of luck.
- For profit associations wind up revealing their future field-tested strategies, for example, new item or administration propelling, which would make higher income and benefits for the organization in future. Not-for-profit associations, will some way or another state what administrations or projects have been the best and how they plan on building up these to serve more individuals on a bigger scale.
<span>This is called substituting. This is a type of nonverbal or nonvocal communication. Writing, sign language, gestures, facial expressions, and eye contact are some other types of nonvocal communication. Nonverbal communication is mostly biologically based. Verbal communication is mostly culturally based.</span>
Answer:
a. $750
b. $750
Explanation:
The first thing to do is calculate the monthly interest as follows:
Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375
The rent for two months in year 0 (November and December) = $375 × 2 = $750.
Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.
Decision:
Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.
Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.
The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.
