THe firing pin strikes the primer. That comes first, the spark ignites the gun powder, the powder burns into a gas, the gas is shot out of the barrel
Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.
<h3>
What is SEC?</h3>
After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.
The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.
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Answer:
$36,230
Explanation:
Month 1 Month 2 Month 3 Month 4
60,000 70,000 50,000 30,000
Calculation for receipts in Month 4:
9000 30% cash in the same month(30000*30%)
12600 60% credit in the same month
(30000*70%*60%
8750 25% in month following sales
(50000*70%*25%)
<u>5880</u> 12% second month following sales
(70000*70%*12%)
<em>36,230</em>
<em></em>
<em>I hope I made myself clear buddy.</em>
<em>Best of Luck.</em>
Answer:
$29.00
Explanation:
Direct labor time standard consists of basic time plus allowance for breaks, downtime and rejections.
The direct labor standard cost per hour will be a combination of all factors relating to labor:
Carpenters' wages are $20.00 per hour.
Payroll costs are .............$3.00 per hour,
and benefits are .............$6.00 per hour.
Standard labor cost IS..$29.00 per hour.
Answer:
Explanation:
The journal entry is shown below:
Building A/c Dr $312,276
Land A/c Dr $276,924
To Cash A/c $61,900
To Notes payable A/c $527,300
(Being the purchase of building and land for cash and note payable is recorded)
The computation of the notes payable is shown below:
= Total purchase value - cash paid
= $589,200 - $61,900
= $527,300
