Answer:
D. protects depositors in the event of bank failures
Explanation:
Answer:
D
Explanation:
Due to mismanagement of depositor's funds the government established the institution for protect depositor fund.
2. Which score is relatively better?
A. A score of 78 on a test that has a mean of 75 and a standard deviation of 1
B. A score of 85 on a test that has a mean of 75 and a standard deviation of 5
C. A score of 90 on a teat that has a mean of 92 and a standard deviation of 2
Answer: I think C
Explanation: Because lets say you have a F+ in math and you want a A+ in Math. You have to get math tests done to get high score.
Which of the following best describes how manufacturing creates wealth? increases the number of affluent Americans living in the United States and abroad drives the stock market, thus creating wealth for investors provides many low-wage jobs, driving down the unemployment rate increases the value of raw materials by turning them into something people and companies will purchase
Answer:
provides many low-wage jobs, driving down the unemployment rate
Explanation:
Manufacturing creates wealth by providing many low-wage jobs thus driving down the unemployment rate in a country. The standards of living of the people is thus improved
Answer:
The correct answer would be Provides many low wage jobs, and Driving down the unemployment rate.
Explanation:
When manufacturing increases in an economy, it means that there is a growth in the economy, people are demanding products and for that manufacturers are manufacturing products. Manufacturing requires more workforce, so many of the lower paid workers are been employed, which contributes towards lowering the unemployment rate of the country overall. More people gets employed and thus employment increases which decreases the unemployment rate.
The Hudson Corporation has 7,600 obsolete units of a product that are carried in inventory at a manufacturing cost of $152,000. If the units are remachined for $36,400, they could be sold for $68,000. Alternatively, the units could be sold for scrap for $29,400. The alternative that is more desirable and the total relevant costs for that alternative are:
Answer:62
Explanation:
Cause it is
The Miller Company earned $103,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During Year 2, Miller collected $72,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. The net realizable value of Miller's receivables at the end of Year 2 was:
Answer:
The net realizable value of Miller's receivables at the end of Year 2 was $27,910
Explanation:
Let's start with the definition of each concept:
Sales on account: These represent sales which are not paid right away.
Account receivable: This is an account which represent the sales on account which currently are still unpaid.
When a sale is payed at the very moment it ocours, it is done using the cash account and the sales accounts.
Allowance for doubful account: This account is a counter-assets account that decrease the net value of account receivable. It represent the account that will not be collected.
The method to determinate the allowance will be the following:
Sales on account x estimate uncollectiblle = Bad debt expense
$103,000 x 3% of sales = 3090 bad debt expense
The journal entry to record this will be:
bad debt expense debit 3090
allowance for doubful account credit 3090
The company collected 72,000 of the sales on account during the year so the balance will be:
103,000 - 72,000 = 31,000 account receivable
So resuming the account receivable account have this movements:
account receivable debit for 103,000
sales revenue credit for 103,000
to show the sales on account
and then
cash debit for 72,000
account receivable credit for 72,000
to show the collections of the customer accounts
Now subtracting the espected bad debt we get the Miller's net realizable value at the end of Year 2:
31,000 - 3,090 = 27,910
Account receivable 31,000
Allowance for doubful accounts (3,090)
net 27,910
Have a nice evening !
The net realizable value of Miller's receivables at the end of Year 2 is $27,910 after accounting for the 3% of sales on account expected to be uncollectible and the cash collections from receivables. The option (A) is correct.
The Miller Company earned $103,000 of revenue on account during Year 2 and estimated that it will be unable to collect 3% of its sales on account. With no beginning balance in the accounts receivable or allowance accounts, and a collection of $72,000 cash from receivables, we can calculate the net realizable value of receivables at the end of Year 2.
The allowance for doubtful accounts will be 3% of the total sales on account, which is 0.03 times03,000 = $3,090. After collecting $72,000, the remaining accounts receivable is $103,000 - $72,000 = $31,000. Therefore, the net realizable value is the accounts receivable minus the allowance for doubtful accounts, which is $31,000 - $3,090 = $27,910.
This question is not complete, Here I am attaching the complete question:
The Miller Company earned $103,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During Year 2, Miller collected $72,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. The net realizable value of Miller's receivables at the end of Year 2 was:
(A) $27,910
(B) $30,000
(C) $27,800
(D) $26,910.
Johanna Reid, a campaign manager at a child rights organization, recently started working on an illiteracy project. During the project, she needs to motivate team members to attain their project milestones and direct them through different phases of the project. Which of the following kinds of functions will these tasks be covered under? Organizing
Evaluating
Leading
Planning
What are two different types of transactions
2. A box contains 50 slips of paper. Forty of the slips are marked $0, 8 of the slips are marked $20, 1 slip is marked $100, and the last one is marked $500. Find the expected net winnings of a person who pays $10 to randomly select one slip of paper. Interpret.
Explanation and answer:
If if the possible outcomes are xi, and the corresponding probability is pi, where i is one of the N events, then the expectation [E] is given by
[E] = sum (xi*pi)
In the given case, n= frequency of the event, N=50=total number of events
i n xi pi n*xi*pi
1 40 0 40/50 40*0*40/50 = 0
2 8 20 8/50 8*20/50 = 3.20
3 1 100 1/50 1*100/50 = 2.00
4 1 500 1/50 1*500/40= 10.00
Total (expected gross winning) = 15.20
Person has already paid $10,
so the expected net winning = 15.20 - 10 = 5.20
In a large number of games, on average, a player who pays $10 to randomly select a slip from the box in question can expect to win $5.20 per game.
Explanation:This question relates to the mathematical concept of expected value, which is a key idea in statistics and probability. In the context of this box game, we need to consider each possible outcome and its associated probability. The associated value is the amount of money on the slip minus the cost to play, which is $10.
So, considering each scenario:
There's a 40/50 chance of drawing a $0 slip, which means a loss of $10, yielding an expected value of 40/50*(-$10) = -$8.8/50*$10 = $1.60 from the $20 slips.1/50*$90 = $1.80 for the $100 slip ($100 minus the cost of play).1/50*$490 = $9.80 for the $500 slip.Adding these together, the overall expected net winnings (or more accurately, losses) per game played would be -$8 + $1.60 + $1.80 + $9.80 = $5.20. Thus, if played a large number of times, on average, a player would expect to win $5.20 per game, despite the fact that the most likely individual outcome on any given draw is a loss of $10. This happens due to the high winnings when the rare event of drawing a $500 slip occurs which increases the overall expected value of the game.
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The campus bookstore sells 4,000 sets of graduation regalia each year. Placing an order from their supplier costs $25 regardless of order quantity, so they usually place a large order (a half year's supply) at a time. It costs $5 per year to hold a cap and gown in inventory, primarily insurance costs for the highly flammable material. What is their optimal order quantity?
Answer:
The optimal order quantity will be 200
Explanation:
The formula is the following:
[tex]\sqrt{\frac{2 * 4000 * 25}{5}} = 200[/tex]
[tex]\sqrt{\frac{2 * Demand* RequestCost}{HoldingCost}} = 200[/tex]
The Math involving how to reach this formula finds their base on differential analysis maths, so it is beyond the scope of the question.
Now, let's focus on what using this method does to the university if implement:
It is quite easy to calculate so if the cost change or the annual demand changes, then it will be easy to find the new optimal quantity
It is important to consider that the demand must be steady during the year. This method does not fit when there is seasonal demand for the product or if there are punctual buyers of high volume. The method also has a problem with the time to replenish the inventory, because it is assuming it happens instantly. Also, it is important to notice that the units purchase cost is not in the calculation, so if a higher purchase volume gets discounts, it is not in being considered in this formula.
So resuming,
easy and quick way to determinate an order quantitydo not consider a discount for a larger purchasedo not consider if there is seasonal demand or large buyersdo not consider the travel time between requestsThe formula you should remember in case to calculate the cost will be this:
Total cost= cost to order + Cost of inventory
In this case will be cost to order = 20 request (4000 demand / 200 order) *$25 each = 500
cost of inventory = 200 * 5 = $1000
Total of $1,500
The campus bookshop sells 4,000 sets of graduation regalia each year. The optimal order quantity will be 200.
What is the optimal order quantity?The amount of inventory that a company should have on hand at any one time that is most cost-effective is called the optimal order quantity. Simply put, this figure shows the amount of stock an organization should order meeting demand without using up too much working capital.
The economic order quantity (EOQ) or the optimal order quantity is the amount of inventory that a company should order in order to meet demand while reducing overall ordering, receiving, and holding expenses.
Computation of optimal order quantity (EOQ):
EOQ = square root of [2(setup costs)(demand rate)] / holding costs.
EOQ = square root of [2×4000×25/5]
EOQ = 200
Therefore, the optimal order quantity 200.
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The marketing department of Cool-down, Inc., noticed that customers are not buying as many bottles of Cool-down soft drink in December as they usually do in July. Cool-down decided to offer coupons and refunds. It also planned a sweepstake. Which of the following elements of the promotional mix is Cool-down trying to use?
a. personal selling b. direct marketing c. sales promotion d. public relations
Answer: the correct answer is c. sales promotion
Explanation: coupons, sweepstakes, refunds, and displays are examples of sales promotions.
You are the owner of a small sandwich shop. A buyer may offer one of several payment methods: cash, a check drawn on a bank, a credit card, or a debit card. Which of these is least costly for you?
Answer:
Cash
Explanation:
As an owner of a small sandwich shop, the least costly way a customer can pay you is by cash. There is no further information needed about the customer and no additional fees are charged to to you. The only thing to be aware of is that the money is not counterfeited.
When someone pays with check you will not know for sure if they have the money in their account. If they do not, this can be a costly process for you if you wish to obtain the money for your sandwiches.
While you are guaranteed the payment with a credit card since it is paid by the bank, you will need to pay a fee to them for this guaranteed payment.
A debit card is basically like paying with cash, but the transfer is not instantaneous and it's possible the customer could leave before you realize he or she did not actually have the funds in their account.
The state troopers in one state have a motto, “Nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. In other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. Which of the following best describes the ethical culture in the state? a. The troopers are following a standard of positive law. b. The troopers are following a normative standard. c. The troopers are following a headline test. d. The troopers are following the Blanchard/Peale standard.
Your question asks what the ethical culture of the state is.
Answer: B). The troopers are following a normative standardThe reason why the answer "B). The troopers are following a normative standard" is correct because this is the standard that the troops go by--for instance when they pull someone over.
The reason why it's a "normative" standard is because it is a norm that they go by, and the norm "Nine you’re fine; ten you’re mine" is normal to them.
Their motto "Nine you’re fine; ten you’re mine" means that when someone is going 9 mph over the speed limit, they're fine, but if they're going 10 mph over the speed limit, then they will get pulled over.
That's why in the text it says "if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket", due to the fact that from 55 mph to 64 mph is only 9 mph above the speed limit. If the driver were to go 65 mph, then they will get pulled over.
To sum it up, it's just a "normative standard" for the state troopers to not give tickets to people going 9 mph over the speed limit, but only to those who go 10 mph over the speed limit.
I hope this helps!Best regards, MasterInvestorA firm has current assets that could be sold for their book value of $32 million. The book value of its fixed assets is $70 million, but they could be sold for $100 million today. The firm has total debt with a book value of $50 million, but interest rate declines have caused the market value of the debt to increase to $60 million. What is the ratio of the market value of equity to its book value?
Answer:
Market value of equity / book value of equity 72/52 = 1.38
The company is a little overvalued.
It means that the assets they have because the rate is declining, have a higher yield than the market, that's why their market value increase, therefore the investor will pay more to acquire the company or shares of the company because their profits will be above the common of the industry.
Explanation:
concept book value market value diference
current assets 32 millons 32 millons 0
long term assets 70 millons 100 millons +30,000,000
liabilities 50 millons 60 millons -10,000,000
TOTALS 70+32 - 50= 52 32+100-60=72 +20,000,000
Market value of equity / book value of equity 72/52 = 1.38
This ratio tries to determinate if a company is being undervalued or overvalued.
It is usually good to help a third party at the task of determinate whether or not a company's market value is suffering from speculation (when extremely overvalued)
When the ratio is below 1 It will mean that it is undervalued. The manager may interpret this that third parties see the company cheap while trading.
When it is above 1, it is overvalued, this means an investor will pay more for a portion of the company than it really has. This can lead to thinking that forecast profit is rising and because of that the investors are paying a premium. But if it gets really high, then it is saying that the company is subject to speculation and the price bubble may explode anytime.
Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Bernard stopped smoking for six months, he would stop altogether. Bernard stops smoking for six months but then resumes his smoking. Helen will not pay him. She says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. Can Bernard legally collect $100 from Helen
Answer:
B,D,E
Explanation:
Not to sure, just using what I already know
Suppose a consumer's utility function is given by U(X,Y) = X*Y. Also the consumer has $288 to spend, and the price of X, Px=16, and the price of Y, Py=1:A. How much X and Y should the consumer purchase in order to maximize her utility?B. How much total utility does the consumer recieve?C. Now suppose Px decreases to 9. What is the new bundle of X and Y that the consumer will demand?D. How much money would the consumer need in order to have the same utility level after the price chage as before the price change?E. Of total change in the quantity demanded of X, how much is due to the substitution effect and how much is due to the income effect?
Answer:lol
Explanation:
Lol
Business travelers are more likely than leisure travelers to choose an airline primarily based on the frequent flyer program. False True
Answer:
True!!!!!!!!!!!!!!!!!!!!!!!!
Thom owes $6,200 on his credit card. The credit card carries an APR of 17.9 percent compounded monthly. If Thom makes monthly payments of $200 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?
Final answer:
To determine the time it will take Thom to pay off his $6,200 credit card debt at 17.9% APR with $200 monthly payments, an amortization formula or financial calculator is required. The calculation involves understanding both the effects of monthly compounding interest and how each payment is split between interest and principal repayment.
Explanation:
To find out how long it will take Thom to pay off a $6,200 credit card debt with a 17.9% APR compounded monthly and making $200 payments per month, we need to use the formula for the amortization of a loan. Calculating this requires either the use of a financial calculator, a loan amortization spreadsheet, or the application of the appropriate mathematical formula. Since the APR is given as an annual rate but compounded monthly, we will need to convert the annual rate to a monthly rate by dividing it by 12. Then, we need to set up the amortization formula to solve for the number of payments required to pay off the debt.
Taking into account the compounding interest each month, it is not a simple division of the total debt by the monthly payment. The compound interest will add to the balance each month, while part of each $200 payment will go towards paying off the interest, with the remainder paying down the principal.
As this is a complex calculation that typically requires financial functions not available without a calculator or spreadsheet, the exact number of months is not provided here, but the general approach has been outlined to assist in understanding the steps involved in such a calculation.
Which business constituents analyze their competitive environments and plan, organize, direct, and control the operations of their organizations? A)managers B)agents C)stockholders D)regulatorsE)customers
Answer:
The answer is (A) managers.
Explanation:
Managers are people who are responsible to execute the four functions of management: planning, organizing, controlling, and leading. These people are in charge of group of individuals – thus making leadership a crucial for them to have. Managers can be found in most organizations, usually occupying the middle management pyramid in a typical corporate structure.
On October 10, Jayson Company receives an order for a $700 TV which it will deliver to the customer on October 17. The customer pays the full amount in cash at the time of the order. Besides recording the receipt of $700 cash, what else should Jayson record on October 10?
a. Record $700 revenueb. Record some of the $700 as revenue now and the rest on delivery of the TV
c. Record a $700 liability d. Make no record at this time; record revenue and receipt of cash on delivery of TV
Answer:
C.
Explanation:
It is the company's liability until the customer takes posession.
Answer:
Option "C" is the correct answer to the following statement
Explanation:
In the following situation, Jayson Company should record a liability of $700 until the customer gets his or her TV.
the customer gives order and full payment to Jayson Company of $700 on October 10 and receive his or her order on October 17.
So, $700 is a liability for Jayson Company and assets for the customer.
Sharon wants to retire in 20 years time, and so decides to start a new retirement savings account. She wants to accumulate 750000 dollars by the time she retires. Initially, Sharon deposits 5000 dollars into the account. She will make further deposits at the end of each month. The account will earn interest at annual rate 8 percent, compounded monthly. How much will she have to deposit into the account each month in order to reach this target after 20 years
The deposit made by Sharon each month to reach the target of 750000 dollars after 20 years is 994.31 dollars.
What is Interest rate?The interest rate can be given as the amount the lender charge to the borrower over the amount of the principal. The calculation of interest rate can be made with simple interest or compound interest.
Monthly interest received by Sharon over the interest compounded annually can be given as:
Interest rate = 8%
Monthly interest rate = 8/100 /12
Monthly interest rate = 0.0066
The future value is the amount received by Sharon over the principal investment of 5000 dollars with the monthly interest rate of 0.0066.
The total time required for Sharon to accumulate 750000 dollars is 20 years
1 year = 12 month
20 years = 20*12 months
20 years = 240 month
Future value received by Sharon at the end of 20 years time is:
Future value = Principal amount * (1 + monthly interest rate)^no of months
Future value = 5000 * (1 + 0.0066)^240
Future value = 24,245.56
The future value received by Sharon was 24,245.56 dollars
The total amount to be deposited by Sharon = 750000 dollars
The remaining amount to be deposited by Sharon = 750000 - 24,245.56 dollars
The remaining amount to be deposited by Sharon = 725745.44 dollars
The principal amount required to be deposited at the end of each month to complete the value of 725745.44 dollars in 20 years is:
[tex]\rm 725745.44 \;dollars = \dfrac{Principal \times (1 + monthly\; interest \;rate)^{no.\; of \;months - 1}}{monthly \;interest \;rate}\\\\725745.44 \;dollars = \dfrac{Principal \times\;(1+0.0066)^{240-1}}{0.0066}\\\\Principal = 994.31 dollars[/tex]
The total contribution to be made by Sharon at the end of each month to complete the deposit of 750000 dollars in 20 years is 994.31 dollars.
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Jung Hwa was recently married on July 1, 2018. She had worked for the organization for the past eight years and has been covered under its group healthcare insurance policy during the entire period. When can Jung Hwa add her new spouse to her insurance plan?
nnette Henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. For any work on the fifth day and on Saturdays, she is paid one and one-half times her regular hourly rate. During a certain week, in addition to her regular 32 hours, Henri worked 6 hours on the fifth day and 5 hours on Saturday. For this workweek, Henri’s total earnings are:
Answer:431.75 dollars
Explanation:she gets 284.8 dollars for the 32 hours(32x 8.9) and for the extra 11 hours she gets 146.85( 8.9 x 1.5= 13.35 and 13.35 x 11) 146.85+ 284.8= 431.75
Indicate which of the following statements is true. a. Public transportation may be covered by an employer-provided spending account, but parking cannot be covered. b. Dependent care plans can only be used to cover the costs of caring for a dependent child. c. Health care flexible spending accounts can be used to cover dentist fees. d. Dependent care accounts may include day care but not preschool.
Answer:
B.Dependent care plans can only be used to cover the costs of caring for a dependent child
Explanation:
Dependent Care with the high cost of child care these days a Dependent Care Account makes it easy to save on taxes.
Health care flexible spending accounts can be used to cover dentist fees. This statement is true as Health care flexible spending accounts (FSAs) can be used to cover a wide range of eligible medical expenses. Therefore, The correct answer is Option (C).
A Flexible Spending Account (FSA, also called a “flexible spending arrangement”) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. You don't pay taxes on this money. This means you'll save an amount equal to the taxes you would have paid on the money you set aside. A flexible spending account (FSA) is a type of savings account that provides the account holder with specific tax advantages. Thus, Option (c) is true. Health care flexible spending accounts (FSAs) can be used to cover a wide range of eligible medical expenses, and dental fees are typically included in the list of eligible expenses. Whereas,
Option (A) is not necessarily true because Some employer-provided spending accounts, like a transit. may cover public transportation expenses and parking expenses.
Option (B) is also not true as Dependent care plans can typically be used to cover the costs of caring for dependent children under a certain age (usually 13) as well as dependent adults who are incapable of self-care.
And Option (D) is incorrect because Dependent care accounts can generally be used to cover expenses related to the care of dependent children, including both day care and preschool expenses.
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What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting? a. Improvements in worker health from better nutrition b. Inward-oriented policies that protect domestic firms from foreign competition c. Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal justice systems d. Improvements in technology from the incentives created by a better patent system
Answer:
A. Improvements in worker health from better nutrition.
Explanation:
Robert Fogel was an American economist and historian.
His work along with some collaborators provided evidence that better nutrition was the main drive to reduct mortality from infectious diseases. And this could be reached faster by a long-run economic growth.
I hope this answer helps you.
Robert Fogel is best known for suggesting that improvements in worker health from better nutrition are a significant factor in long-run economic growth.
Explanation:A significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting is improvements in worker health from better nutrition. Fogel's research indicated that better nutrition led to improvements in human capital, as healthier workers are more productive. This factor in the quality of labor is an essential component of economic growth, along with increases in human capital, physical capital, and technology in a market-oriented environment with supportive public policies and institutions.
Which of the following is a problem with information silos? a. isolated decisions b. organized processes c. decreased expense d. a lot of information
The focus of strategic management is on:A. the generation of the firm's long-term game plan.B. the profits of the firm.C. strategic planning.D.identification of new target markets.E. the integration of all the functional areas of the business to achieve organizational success.
Answer:
C. :)
Explanation:
King Fisher Aviation is evaluating an investment project with the following case flows: $6,000 $5,500 $7,000 $8,000 Discount rate 14 percent What is the discounted payback period for these cash flows if the initial cost is 15,000? What if the initial cost is $12,000? What if the cost is $16,000?
your mother is a rhombus and is better than the 2nd one of the square shown below
Incidence rate is the: a) degree to which a specific question or investigated issue leads the respondent to give a socially expected response. b)level of preparation required to create an appropriate environment for the respondent. c) degree to which respondents share certain similarities. d) percentage of the general population that is the subject of the market research. e) degree of accuracy of a response in relation to some other possible answer.
Your question asks what Incidence rate is.
Answer: D). percentage of the general population that is the subject of the market researchThe reason why answer choice "D). percentage of the general population that is the subject of the market research" would be the correct answer because this is the best answer to the description of an incidence rate.
An incidence rate is the amount of people that is "eligible" to participate in market study, or research.
Researches get the incidence rate of the general population in order to see how much people could participate in the research; showing how much people actual does and/or own the thing that they're researching about.
For example, a group of researchers could be researching about Toyota cars and how well they drive on a daily basis. In order to be eligible for the research on Toyota, you must own a Toyota. This means that the incidence rate is the amount of people that own a Toyota.
I hope this helps!Best regards,MasterInvestorThe incidence rate is the number or proportion of new cases of a disease in a population during a specific time period.
Explanation:
The incidence rate refers to the number or proportion of new cases of a particular disease or condition in a population during a specific time period.
For example, the Centers for Disease Control and Prevention (CDC) estimates that there were 43,165 newly diagnosed cases of HIV infection in 2012, which is an incidence rate of 13.7 new cases per 100,000 people in the population.
The incidence rate is important in epidemiology as it helps researchers understand the spread and impact of diseases and design appropriate interventions.
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Which steps would you take to determine how much an employee should be paid? Select all that apply. Determine the number of hours the employee was scheduled to work. Determine the number of hours the employee worked. Determine whether the employee worked overtime hours. Determine whether any of the days worked are holidays that receive holiday overtime payment rates. Determine the hourly rate this employee earns. Determine whether this is a new employee.
Explanation:
An employee should be paid for the number of hours he worked in the organization and the number of hours he worked overtime for the company. Also if the employee has worked for company on holidays, he should be paid overtime allowance for that.
So according to the above criteria, the following options are appropriate determinants of how much should an employee be paid.
Determine the number of hours the employee workedDetermine whether the employee worked overtime hoursDetermine whether any of the days worked are holidays that receive holiday overtime payment rates.So these above mentioned options determine how an employee should be paid.
Answer:
Determine the number of hours the employee worked.
Determine whether the employee worked overtime hours.
Determine whether any of the days worked are holidays that receive holiday overtime payment rates.
Determine the hourly rate this employee earns.
Explanation:
At the end of an accounting period, the costs assigned to a production department can be split into the cost of units fully completed and transferred out, and the cost of units partially completed and remaining in the Work-in-Process Inventory of that department. True or False.
Answer:
I am pretty sure it is true
A government receives a gift of cash and investments with a fair value of $200,000. The donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. The $200,000 gift should be accounted for in which of the following funds?
a) General fund b) Private-purpose trust fund c) Agency fund d) Permanent fund
Your question asks what type of fund should the gift be accounted for.
Answer: D). Permanent fundThe reason why answer choice " ). Permanent fund" is the correct answer because the gift "restricts" the government in it's usage, due to the fact that the $200,000 gift and investment must be used to "beautify the city-owned parks."
The $200,000 gift and investments has a specific intention when being used.
The government would therefore keep some of the money from the gift and investments as a "principal" to make more money from it, while using the rest of the money for it's obligated "use" or "benefit".
This would also be known as a Permanent fund because the fund is being used for something that is owned by the government. In this context, the thing that is owned by the government would be the park, due to the fact that the park is "city-owned." The gift is obligated to be used for the "city-owned" park.
I hope this helps!Best regards, MasterInvestorThe $200,000 gift should be accounted for in a permanent fund because it's designated by the donor for the earnings to be used for a specific public service, with the principal amount to be re-invested.
Explanation:The government's gift of cash and investments worth $200,000 that is designated by the donor for the earnings to be used to beautify city-owned parks and with a requirement that the principal be re-invested should be accounted for in a permanent fund. Permanent funds are used to report resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government's programs—that is, for the benefit of the government or its citizenry. In this case, since the principal must be re-invested and only the earnings are to be used for the specified purpose of beautifying city-owned parks, the permanent fund category aligns with these stipulations.