Answer:
Option (c) is correct.
Explanation:
It is assumed that all the sales cash and credit up to the month of April will be adjusted before 31st may.
Any receivables remaining as on 31st May are related to the sales of May only.
May Sales = $25,000
Out of which Cash sales adjusted in the same month:
= 30% of May sales
= 30% × 25,000
=$7,500
Remaining credit sales:
= May sales - Cash sales
= $25,000 - $7,500
= $17,500
Out of which 25% i.e. $4,375 received in May only.
The budgeted accounts receivable balance on May 31 is:
= Remaining credit sales - Received 25% in May
= 17,500 - 4,375
= $13,125
Answer: Formal training is an integral part of employee development. It helps employee to get introduced to the nature of the job.
a) It makes clear to the workers what the employer needs, without which workers may not understand which work should be done on priority basis.
b) It eliminates waste of resources like time, money, etc. If a work is done without any formal training, such work might not be in desired standard; this thing is the waste of money as well as time. Therefore, in order to prevent it the formal training is required.
In rudimentary terms, every firm depends on its workforce to a great extent. After all, it is the people that run the operations of the company.
The employer that provide training to their employees see the following benefits:
Greater productivity,better cooperation,continuous growth of employees
and enhanced job satisfaction.
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than ------ of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than--------- of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
4 pairs of jeans per pair of shoes, 1 pair of jeans per pair of shoes, 6 pairs of jeans per pair of shoes, 2 pairs of jeans per pair of shoes
Answer:
By comparing the opportunity cost of producing shoes in the two countries, you can tell that SPAIN has a comparative advantage in the production of shoes and GERMANY has a comparative advantage in the production of jeans.
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than 3 PAIRS of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than ¹/₁₁ PAIR of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
Explanation:
Opportunity costs refer to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Spain specializes in the production of shoes, it will not produce jeans anymore. The opposite would happen to Germany.
For example, the IRS has developed ways of (document matching/ maximizing income) where Treasury can determine if a transaction has been properly reported by comparing (related party information/ third party information/ yearly averages) to relevant taxpayers' returns for the year.
Answer:
Fewer than 1% of all individual tax returns are audited in a given tax year. However, certain types of both taxpayers and income—including, for instance, high-income individuals, cash- oriented businesses, real estate transactions, and estate- and gift-taxable transfers—are subject to much higher probabilities of audit. The ethical tax professional does not "play the audit lottery" and lower his/her reporting standards because of a perception that such actions "will not be caught," nor should the tax professional allow clients to do so.
Explanation:
Fewer than 1% of all individual tax returns as well as all corporate tax return are been audited in a given tax year.
However, certain types of both taxpayers and the income for example high-income individuals, cash- oriented businesses, real estate transactions, estate as well as gift-taxable transfer are often subject to much higher probabilities of audit.
Furthermore the ethical tax professional does not "play the audit lottery" and lower his/her reporting standards because of a perception that such actions "will not be caught," nor should the tax professional allow clients to do so which is why thethe IRS has developed ways of document matching/ maximizing income in which Treasury can help determine if a transaction has been properly and effectively reported by comparing all related party information, third party information and yearly averages to relevant taxpayers' returns for the year.
Answer:
has all of these features.
Explanation:
This can be said to be a computerized system that are been used as information connection which in many cases are used in monitoring, and controlling of complex system primary used in manufacturing system and also the flow of data in floors that manufacturing are been mostly done. That it is said that a manufacturing execution system posses all the above listed characteristics ranging from providing info for job priority using relevant rules to adjusting lead time to provide customers needs. They are also seen to compile certain bill of materials, resource management and scheduling, preparing work in rogress reports and tracking production lots.
Answer:
a) Stockholders' equity = $411,690
b) Stockholders' equity = $477,930
Explanation:
Accounting equation is defined as Assets = Liabilities + Equity.
a) If t the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310, the Stockholders' equity as of December 31 of the current year would be determined as follows:
$632,000 = $220,310 + Equity
Stockholders' equity = $632,000 - $220,310
Stockholders' equity = $411,690
b) If assets increased by $84,040 and liabilities increased by $17,800 during the next year, then Stockholders' equity would be determined as follows:
$632,000 + $84,040 = $220,310 + $17,800 + Equity
$716,040 = $238,110 + Equity
Stockholders' equity = $477,930