a. $20,000. b. $3,000. The cost for an item of Property, Plant, and Equipment encompasses the purchase price and any expenses related to making the asset operational as intended by management. To calculate the car's expense: Purchase Price $19,000, Less Trade Discount $1,000, leading to a Net of $18,000, plus an extra $2,000 for a luxe interior brings the Total Cost to $20,000. Regarding depreciation, using the straight-line method, the fixed expense amortized yearly from the cost is determined by the equation (Cost - Residual Value) / Estimated Useful Life, which yields ($20,000 - $5,000) / 5 = $3,000 annually.
The adjusting entry to be made at the end of the accounting period includes a debit to Unearned revenue of $500 and a credit to Revenue for the same amount. According to the accrual accounting technique, revenues are recorded at the time of the transaction rather than when the payment is received. After receiving $800 in advance services, with $300 worth of services outstanding, the service amount performed amounts to $800 - $300 = $500.
The activity variance totals $20 U. Given the following data: budgeted in March = 7,900 units, actual activity level = 7860 units, revenue = $297,318, direct labor = $59,962, direct materials = $135,850, manufacturing overhead = $51,370, selling and administrative expenses = $31,950. To determine the budgeted selling and administrative expense, the variable expense is calculated as 0.5 × 7900 = $3,950, while the fixed expense remains at $27,400. Hence, total budgeted selling and administrative expenses computes to $31,350. For the flexible budget, the variable expense adjusts to 0.5 × 7860 = $3,930. Therefore, the total flexible budget for selling and administrative cost becomes $31,330. Activity variance, computed as (31350 - 31330), equals $20 U, indicating that actual performance fell below budgeted expectations, with the difference rooted solely in variations between the budgeted and actual activity levels.
Answer:
Explanation:
a. Low Balance: This alert can be configured based on a specific threshold you choose. It notifies you when your bank account balance reaches the limit you established, such as $50, $500, or $1000, thus helping you avoid overspending.
b. Mobile Deposit. Each time you deposit a check using your smartphone, you receive a text message. This serves as confirmation for submitting the check. Additionally, it offers convenience by notifying you when the check has been cleared and funds deposited in your account.
c. Unusual Activity. You’ll receive this alert if the bank detects any atypical activity, which may indicate potential fraud. For example, it could occur when transactions are made that don't align with your regular spending habits or if transactions happen outside your typical geographical area.
2.
Among these alerts, the most crucial one would be Unusual Activity since it poses a greater risk compared to the others.
