Answer:
C. the attitude of the people working at a company
Explanation:
Answer:
A. FIFO
Explanation:
FIFO, which is First-in, First-Out is a method used for calculating the cost of goods sold whereby the oldest goods in the company's or organization's industry are assumed to be sold first. It gives thesame results under both the periodic system and perpetual inventory system. So, in FIFO, goods acquired first are sold, leaving the most recent cost in the balance sheet. It also costs actual flow of goods in most businesses.
Answer:
(i) $8.33 per unit
(ii) $267
Explanation:
Under high-Low method:
= $8.33
Total cost = variable cost per unit + Fixed cost
1,100 = (8.33 × 100) + Fixed cost
1,100 - 833 = Fixed cost
$267 = Fixed cost
The number of families receiving assistance under TANF had dropped by 50 percent within five years of its enactment.
Temporary Assistance for Families in Need is a US government assistance program. It began on July 1, 1997 and followed aid to the Dependent Children Program, which provides financial assistance to American families in need through the U.S. Department of Health and Human Services.
To be eligible for Oklahoma Family Assistance, you must be an Oklahoma resident and be a U.S. citizen, legal alien, or eligible alien. You must be unemployed or underemployed and have little or very little income. You must also be one of the following: Have children under the age of 18 OR.
TANF Family benefits also have strict deadlines. Recipients can receive benefits for up to five years for the rest of their life unless they meet the limited hardship extension criteria.
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Answer and Explanation:
The journal entries are shown below:
A. Equipment $24,500 ($25,000 × 98%)
To Accounts Payable $24,500
(Being the equipment is purchase on account)
B. Equipment $24,545
Discount on Notes Payable $2,455
To Note Payable $27,000
(Being note payable is recorded)
C. New Equipment $24,500
Accumulated Depreciation $8,000
Loss on Equipment $3,500
To Cash $22,000
To Old Equipment $14,000
(Being equipment is recorded)
D. Equipment $24,000
To Common Stock $24,000
(Being equipment purchased)
