Answer: Decrease by $9,800
Explanation:
It is shown that fees of $9,800 were earned during the month from clients who had paid in advance. Unearned fees are liabilities because they represent revenue that a company made for services it has not delivered yet.
When the company delivers the service like these ones just did, they will reduce this liability because they have now earned this revenue by delivering the service.
Omega will therefore reduce their unearned fees account by $9,800.
Answer:
equivalent cost per unit for labor: $4.1982
Explanation:
complete and transferred 165,000
work on ending WIP 16,500 // 22,000 x 75%
previous work on beginning (8,000) // 20,000 x 40%
Equivalent units 173,500
labor cost added during the period 726,825
equivalent cost 726,825/173,500 = 4.198193084
equivalent cost per unit for labor: $4.1982
When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability
Answer:
<u>$25,000 </u>
Explanation:
Now, to get the amount of farmer's sale of that which will be included as apples in GDP.
The farmer’s sales of worth $25,000 will be included as apples in GDP, as the farmer sells the apples to individuals who take them to eat.
<u><em>GDP is abbreviated as gross domestic product.</em></u>
<em>GDP represents the goods and services produced within the country over a particular time. The economists used it to determine whether the country is facing recession or having a growth.</em>
<u><em>As, the $25,000 worth of apples of the farmer's sale is the monetary value of the apples produced by the farmer in the country to sell to individuals for their consumption in their home. As private consumption is one of largest part of GDP.</em></u>
Thus, the farmer's sales that will be included as apples in GDP is <u>$25,000</u> worth of apples, as the farmers sells these apples to individuals who take them home to eat.
Answer:
- <u><em>No, he will not have enough money to buy his delivery truck at the end of 6 years.</em></u>
Explanation:
To find how much<em> money Earl Mille</em>r, <em>owner of Papa Gino's franchise</em>, will have in <em>6 years</em>, you must calculate the value of the <em>$20,000</em> that he <em>invests</em> at the <em>5% compounded semiannually:</em>
- Semianual compounded interest: 5% / 2 = 0.05/2 = 0.025
Equation:
Where r/n was already calculated: r/n = 0.05/2 = 0.025; and t is the number of years: 6.

Hence the value of the money invested is less than the value of the truck, and <em>he will not have enough money to buy his delivery truck at the end of 6 years.</em>