Answer:
b. Credit to Fair value adjustment for $5,000
Explanation:
Particulars Amount
Beginning balance of fair value adjustment $20,000
Less: Unrealized gain on Dec 31, year 3 <u>$15,000</u> ($515,000-$500,000)
Credit to Fair value adjustment <u>$5,000</u>
So, Credit to Fair value adjustment for $5,000 will be included in the related journal entry dated December 31, Year 3.
Answer:
$12
Explanation:
The standalone price is the price at which the seller (Verma) would sell its products or services (discount coupon) separately to other customers.
to determine the standalone price of the discount coupon we must multiply the change in discount by the expected use of the coupons:
- change in discount = $150 x (50% - 10%) = $150 x 40% = $60
- expected use = 20%
= $60 x 20% = $12
Answer:
The amount of manufacturing overhead cost that would have been applied to all jobs during the period is $279,720
Explanation:
The computation of the amount of manufacturing overhead is shown below:
= Predetermined overhead rate per direct labor-hour × total direct labor-hours
= $22.20 × 12,600 direct labors
= $279,720
Since the predetermined overhead rate is already given in the question, so there is no need to recalculate it and the other items which are mentioned are not relevant for the computation part. Hence, ignored it
Answer: (E) Distributive Justice
Explanation:
The distributive Justice is one of the type of concept that helps in illustrating the concept of distribution or allocation of the various type of goods and the services at equal amount in an organization.
The importance of the distributive justice is to provide the equal and fair right among each employee in an organization so that the employees or any member of the company does not feel any type of discrimination.
According to the given question, Danny faced a pay discrimination in his company that hiss manager increase their workload but the salary is remain the same. So, his resentment is basically reflect the lack of distributive justice in an organization which is related to his pay.
Therefore, Option (E) is correct answer.
Private companies are not controlled b y the government and therefore there is a risk of shutting down as well, but Public companies are government owned companies