Answer:
The required adjusting entry at the end of the accounting period is : A) Interest expense 4,000 Interest payable 4,000
Explanation:
Interest is Accrued from September 1 ,2004 to December 31, 2014 in the 2014 accounting period. Thus we a period of over 4 months out of the 12 months in a year.
Considering the Matching or Accrual Principle Interest will only be considered for these 4 months only (Revenues and Expenses must be recorded in the period in which they Accrue or Incur)
Calculation of the Interest expense and the Interest Payable is :
=$100,000 × 12% × 4/12
=$ 4,000
Answer:
12.18%
Explanation:
Company selling price in US = $55,000
(which is equal to price with 20% margin)
= 27,363 pounds × $2.01
= $55,000
Now the exchange rate increased to $2.15 per pound,
so here the manufacturing cost of the car will increase according to the increase in the exchange rate.
The selling price remains constant, then the profit margin is as follows;
Manufacturing cost of the car = 22,803 pounds × $2.15
= $49,026.45
Selling price = $55,000
Profit margin:
= Selling price - Manufacturing cost
= 55,000 - 49,026
= $5,973.55
Margin percentage = Profit margin ÷ Manufacturing cost of the car
= $5,973.55 ÷ $49,026.45
= 12.18%
Answer:
The correct answer is letter "B": availability.
Explanation:
Availability bias or availability heuristic refers to individuals tending to relate the easiest judgment they can recall about a certain matter as its most suitable metric and even a metric that could predict future behavior on that topic. This happens because those people make assumptions based on what they can remember of that matter which might not be necessarily the most accurate input about it.
Therefore,<em> if a manager is measuring performance only placing focus on employees' recent and not past behavior, the manager is implementing availability bias.</em>
