Which skill ensures that you fallow fair/legal practices in your work and while dealing with people in an organization

Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued

avanturin [10]

B. Credit; Discount on Bonds Payable

8 0

2 years ago

If you enter the teaching profession, you will have no money for vacations; and if you do not enter the teaching profession, you

dimulka [17.4K]

Answer:

True

Explanation:

This is an example of Constructive dilemma. It is a true rule of inference of propositional logic. It infers that, if P implies Q and R implies S and either P or R is true, then either Q or S has to be true. Therefore entering the teaching profession, means no money for vacations; and not entering the teaching profession, means no time for vacations. If you must either enter or not enter the teaching profession, it follows that either you will have no money or no time for vacations.

3 0

3 years ago

Evan Engineering Group receives royalties on a technical manual written by two of its engineers and sold to a publishing company

natta225 [31]

Answer:

$8,565

Explanation:

Sales revenue of the year 2015 = $30,010

Accrued royalty revenue on December 31, 2015 = 30,010 x 10%

= $3,001

Evan received royalties of $2,613 on April 1, 2016.

Hence, royalty receivable for the year ended December 31, 2015 = 3,001- 2,613

= $388

On October 1, 2016, Evan received royalties of $4,631.

Thus, royalty received for the first half of the year 2016 = 4,631 - 388

= $4,243

The 2nd half of 2016 sales were estimated to be $43,220

Hence, royalty for the second half of the year 2016 = 43,220 x 10%

= $4,322

Evan's 2016 royalty revenue = Royalty revenue for the first half + Royalty revenue for the second half

= 4,243 + 4,322

= $8,565

5 0

3 years ago

Prepaid expenses are eventually expected to become expenses when their future economic value expires. become revenues when servi

Sphinxa [80]

<span>Prepaid expenses are eventually expected to become expenses when their future economic value expires.

A common example of prepaid expenses are insurance/insurance polices because they are something you pay for in advance even though you may not need until a time in the future. Prepaid rent is also a prepaid expense because you are paying in advance for a future month. These items until used are considered an asset to the company. </span>

7 0

4 years ago

A company has an opening stock of 6,000 units of output. The production planned for the current period is 24,000 units and expec

Orlov [11]

Answer:

Explanation:

Last year Current year

Selling Price 10 10

Varaible Price 5 6

Contribution Margin 5 4

Break even is the point where total cost is equal to total revenue mean no profit and loss.

company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.

Break Even using FIFO method : first In first out system

Fix Cost = 86000

contribution from opening units(6000*5) = 30000

Remaining Fix cost that should be Covered from

current year products = 56000

Units to be sold for break-even ( 56000/4) = 14000

so we have break even units 6000+14000 = 20000

Fix cost = -86000

Opening 6000*5 = 30000

Current 14000*4 = 56000

Profit = 0

Break Even using LIFO method : Last in first out

Fix Cost = 86000

Break even = Fix Cost / Contribution margin

Break even = 86000/4 =21500

current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.

4 0

3 years ago