Answer:
D) $25,000
Explanation:
Accrual basis is a method of recording accounting transactions for revenue when earned (rather than when the cash is received) and expenses matched with revenues when incurred (rather than at the time when expenses are paid).
In the year, Grace Company earned revenues: $60,000
Expense incurred: $35,000
Prepaid $8,000 that will be expense next year.
Net Income = Earned revenues - Expense incurred = $60,000-$35,000 = $25,000
Answer:
d. 90,000.
Explanation:
<em><u>Weighted average processing cost:</u></em>
completed during the period 80,000
complete portion of ending WIP
30,000 x 1/3 = 10,000
Total EU 90,000
<em><u>FIFO processing cost:</u></em>
80,000 completed
+ 10,000 ending WIP
<u><em>- 20,000</em></u><u> </u>x 1/5 previous production
86,000
as only W/A equivalent untis is possible to pick that should be the answer.
Answer:
A. Stopping work in unsafe conditions
Explanation:
Competent people typically have these characteristics:
- finished all the tasks require of them
- make sure that they're following the proper protocol when doing their job.
- Require very little supervision. They can be trusted to all of their projects in time.
Stopping work in unsafe conditions means that the workers are not following the proper protocol. It could possibly endanger their other co-workers and ruin the work progress that the whole team made.
Answer:
Option C.The payment made by Cordelia but not the payment made by Rupert.
Explanation:
Based on the information given we were told that Rupert did the right thing and as well follow the due process and custom of the country because he fills out the license paperwork and as well takes the license paperwork to the correct office in which he pays the front desk person the amount of $100 to process the paperwork while Cordelia on the other hand violated the Foreign Corrupt Practices Act reason been that due to the connections she had in that country she went ahead to schedules an appointment with the minister in charge of commerce because the minister has the authority to determine the foreign companies that can get licenses and she as well pays the minister the amount of $200 to approve their license.
Therefore based on the scenario we can vividly say that the payment made by Cordelia but not the payment made by Rupert violated the Foreign Corrupt Practices Act.
Answer:
$2,640,000
Explanation:
Given the above information,
Creditor's claim is computer as
= Assets - Common stock - retained earnings
Given that
Assets = $4,345,000
Common stock = $1,076,000
Retained earnings = $629,000
Creditor's claim on their asset = $4,345,000 - $1,076,000 - $629,000
= $2,640,000