True/ false any procedure that is used to make employee selection decisions is construed to be a test.

On January 1, 2020, Sunland Corporation sold a building that cost $251,060 and that had accumulated depreciation of $109,510 on

ra1l [238]

Answer:

$44,592

Explanation:

The book value of a building = Cost Price - Accumulated Depreciation

= $(251,060 - 109,510)

= $141,550

The present value of the non-interest-bearing note due on January 1, 2023 (or Discounted Cash Flow) =

FV/(1+i)^t

= $241,060/(1+0.09)^3

= $241,060/1.29503

= $186,142

Gain on Sale of the building = $(186,142 - 141,550) = $44,592

7 0

3 years ago

Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. The budgeted direct labor cos

kiruha [24]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,000 and $800,000, respectively.

Job 352A

Direct material= $32,000

Labor costs= $45,000

First, we need to calculate the predetermined manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 800,000/1,000,000= $0.8 per direct labor dollar

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated MOH

Total cost= 32,000 + 45,000 + (0.8*45,000)= $113,000

6 0

3 years ago

What is the name given to the model that computes the present value of a stock by dividing next year's annual dividend amount by

Bond [772]

Answer:

The answer is: D) Dividend growth model

Explanation:

The dividend growth model is a stock valuation model which calculates the fair market value of stock by assuming that the stock's dividends grow at a stable rate in perpetuity.

The dividend growth model determines if a stock is overpriced or underpriced, based on the assumption that the stock's expected dividends grow at a given value (g) forever, which is subtracted from the return rate (r).

Price = Dividend / ( r – g )

5 0

3 years ago

During December of Year 1, Nile Co. incurred special insurance costs but did not record these costs until payment was made durin

o-na [289]

Answer:

The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost

Explanation:

Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.

4 0

3 years ago

Which of the following is an internal source of risk? Select one: a. Power outage b. Office politics c. Declining market value o

Sergeeva-Olga [200]

Answer:

The correct answer is letter "B": Office politics.

Explanation:

Internal source risks are those threats that appear unexpectedly from within the organization as a result of the company's regular operations. These risks represent human and technological factors such as policy changes in regards to minimal production hours to obtain certain company's benefits or failure in one of the main manufacturing machines because of lack of maintenance.

7 0

3 years ago