Answer: Navigation acts
Explanation: Navigation act was a group of laws, first implemented by the British parliament in 1651. This act was implemented by the Britishers with the objective of regulating activities of shipping, trade and commerce with their colonial countries.
These acts were re-enacted in 1660. These were implemented by the England for increasing their profits in international market.
Answer:
a. Task-oriented
Explanation:
Since Rufus, is already considered friendly by his subordinates and has the authority to assign important work to high performers under his wing, with the only limitation being that he does not chalk out clear objectives for his workers. According to Fiedler's contingency leadership theory model, the leadership styles that Rufus should follow in order to be a better leader is Task-oriented leadership.
The reason for the above suggestion is that Task-oriented leaders are focused on getting the job done and achieving set goals. These category of leaders are not as bothered about employees as they are about developing clear objectives required for achieving tasks meeting goals.
Answer:
D. Debit to Dividends Payable.
Explanation:
The first thing we have to keep in mind is that dividends are liabilities, that is, they represent cash outflows for the corporation. In the example, we can distinguish two moments: the declaration of a cash dividend and its effective distribution. Next, we will analyze them from an accounting point of view:
- On July 15, 2014, Benson Company declared a cash dividend. In accounting terms, on that day the “Retained Earnings” account was debited. Remember that this account is the one that records the profits that the company has obtained to date. So, what was done was to <em>subtract</em> that part that is to be distributed among stockholders. This amount is then transferred to a current liability account called “Dividends Payable”. In this case, money was <em>added</em>, therefore, the account was credited.
- On August 15 dividends were distributed. That day, the "Dividends Payable" account was debited, or, in other words, its money was <em>discounted</em>, because it is now in the hands of shareholders.
Answer:
Barb will earn interest on interest yes because she don't retire the interest
Explanation:
a. Barb will earn compound interest both will aearn compound interest.
b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.
c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan
d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.
e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.
Answer:
d) overapplied $160
Explanation:
$35,000 expected overhead / 5,000 machine= 7 dollar per machine hour are spend on overhead
<em><u>applied overhead:</u></em>
4,980 x 7 = 34,860
<u><em>actual overehad:</em></u> 34,700
As the amount of cost enter by the accounting are above the real cost, we are going to increase the manufacturing overhead cost and making the net income lower for this particular reason.
