The correct answer is the Human Resources Department.
The Human Resources Department in a business is responsible for maintaining all of the policies of a company. They would be the correct ones to tell you what the dress code is at a particular company. It would also be appropriate to ask your supervisor, but that is not listed as an answer.
Answer:
The accountant should debit Supplies Account by 1360 and credit the Supplies Expense account by 1360.
Explanation:
Normally we pass the adjusting entries at the year end and do the reverse and calculate supplies on hand at end and determine the supplies expense at the year end by taking difference of balance in supplies account and the supplies on hand.
In this case we are doing the reverse as we are taking the balance of supplies expense account and the supplies on hand and calculate the difference. The difference is the actual supplies that have been used. The supplies on hand are an asset and should be debited to supplies account and the expense is overstated by the same amount of 1360 and should be reduced so it is credited.
A.
The cheese and crackers that are being consumed
by Carlos is not considered to be inferior goods because when there is a time
that his income may rise, he will likely consume other products aside from it.
B.
If the price of the cheese falls, what will
likely happen is that there will be a presence of substitution effect of where
the crackers will be fewer consumed and the cheese will be consumed more. When
there is a presence of income effect on the other hand, the cheese will be
consumed more as this will be considered as a good that is normal and the
crackers to be consumed fewer as this will be classified as an inferior good. The
likely outcome of it in both scenarios, Carlos will still consume fewer
crackers and the cheese to be more consumed.
Answer:
The balloon payment for this loan would be $581,213.92. This can be calculated by taking the original loan amount of $1,000,000, multiplied by the interest rate of 9%, then multiplied by the difference in the amortization period (20 years) and the loan term (7 years). This equals $540,000. Finally, add the original loan amount to the interest amount, resulting in $1,540,000. This is the total amount due at the end of the loan term, or the balloon payment.
Explanation:
<span>The rules need to be communicated, clearly, to employees. The employees will not know what the boundaries and expectations are of them if they're not made aware of these rules. By laying out exactly what is needed and required, the management can make sure that everyone is on the same page and understands the lines that they can operate within.</span>