Since Amber would like to interview an accountant that she is not familiar with to gain more information about what it is like working as one, it is better for her to send a letter that includes (D) a list of questions that she intends to ask in her interview.
This way, the accountant can know whether she or he can answer the questions that Amber wants the answers too and prepare any necessary information beforehand.
<span>Assuming all other costs remain constant, if hourly wage increased by ten percent next week from the current week, the variance of total payroll will also increase by ten percent. This is derived using the Smith BBQ Restaurant report.</span>
Answer:
The gain of $18000 would be reported in income statement
Explanation:
At each reporting date, the investment needs to be recorded at fair value to reflect current market prices and realities.
As a result,the fair value increase in investment of $18000 (fair value less costs) would be shown in income statement as unrealized gain on investment since the investment has not been disposed of.
Under IFRS for instance the gain would be shown under other comprehensive in order to emphasis its unrealized nature.
Answer:
$1,926.97
Explanation:
Given the following :
Loan amount (L) = 8,180
Interest rate (I) = 5.3%
Period (n) = 4 years
Using the formula:
A = L(1 + I/t)^nt
Where A = final amount
t = number of compounding periods per year
A = 8180( 1 + 0.053/12)^(4 * 12)
A = 8180 ( 1 + 0.0044166)^48
A = 8180 * ( 1.0044166)^48
A = 8180 * 1.2355709
A = 10106.970
Final amount after 4 years = 10,106.970
Hence amount Paid as interest over that period will be :
Final amount - Loan amount
10,106.970 - 8,180
= $1,926.97
Answer:
The budgeted net income for December is $42,500
Explanation:
The budgeted net income is calculated by following table:
1. Sales $550,000
2. Cost of goods sold 75% x $550,000 = $412,500
3. Selling and administrative expenses $60,000
4. Depreciation expense $35,000
5. Net income (1-2-3-4) $42,500
