Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense $ 30
Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.
Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.
To begin, you record the cash in December as profit expected to be collected in the future in accounts receivable. Then, when the client pays in February, an adjustment entry must be made to record the receivable as cash.
This is referred to as an accrued revenue adjustment entry.
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Answer:
annual demand = 380 * 12 = 4,560
order cost = $8.50
annual holding cost = $0.45 * 25% = $0.1125
EOQ = √[(2 * 4,560 * $8.50) / $0.1125] = 830.10 ≈ 830 units
time between placement of orders = 830 units / 4,560 units = 0.182 years = 2.18 months
reorder point = 4,560 units * 2/12 (lead time) = 760 units
A new order should be placed when the inventory level is 760 units
Answer: D) information that already exists somewhere, having been collected for another purpose.
Explanation:
Secondary data in a research is data that has already been collected by others and usually for the another purpose but can be used for the purpose at hand.
These other sources could be from the government or private institutions and individuals but when they are used in research they must be referenced so that viewers know where the information is from.
Secondary data is used in our daily lives. For instance, if you had a weather report and used data from the National Weather Service (NWS), that is secondary data being used.
Answer:
The correct answer is letter "A": the rate of return on funds invested in the center.
Explanation:
The Rate of Return or RoR is the earnings an asset generates more than its initial cost. The amount is usually expressed in an annualized percentage rate. The RoR is calculated based on the cash flows generated by the asset. Besides, it can include a capital gain element. The RoR is helpful to find out if the performance of the investment manager was appropriate or not.