Answer:
Discourage Torri from continuing. Encourage Julie to continue.
Explanation:
The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.
REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.
1st Trainee: Torri Olson-Alves
5 hours on Unit 4; 4 hours on Unit 8
Should Torri be encouraged to continue? NO.
There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.
2nd Trainee: Julie Burgmeier
4 hours on Unit 3; 3 hours on Unit 6
Should Julie be encouraged to continue? YES.
Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.
Answer:
A) Accounting for bonds and notes under US GAAP and IFRS is similar.
Explanation:
US GAAP and IFRS do not have the same accounting guideline for bond issue cost:
Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.
Answer:
Maximum size of home loan than can afford is $209,471
Explanation:
Rate of interest on borrowing = 4%
Per month rate (r) = 4% / 12 = 0.33%
n = 30*12 = 360 months
Maximum size of home loan than can afford =
= $1000 * PVAF (0.33% , 360)
= $1000 * 209.47135
= $209471.35
= $209,471
Maximum size of home loan than can afford = $209471
Note: Monthly payment * PVAF( r, n)
PVAF at (0.33% , 360)
PVAF = 209.47135
Answer:
C. Credit Service Revenue for $45
Explanation:
The journal entry to record this given transaction is shown below:
Cash A/c Dr $45
To Service Revenue A/c $45
(Being the cash received is recorded)
At the time of receiving the cash, we debited the cash account and since the service is provided so we credited the service revenue. Both the accounts are to be credited and debited for $45
Answer:
B) an implied warranty of fitness for a particular purpose.
Explanation:
Sigrud bought spiked mountain climbing shoes, so she could reasonably expect that the shoes would be useful when climbing a mountain. The fact that the spikes came out while she was on the mountain side, isn't exactly what she was expecting when she purchased them. If you buy something that is supposed to satisfy an specific need or purpose, the seller is providing an implied warranty that the good will actually be fit to satisfy that specific need or purpose.
