150 of ITAA 1997 the contributions made in the superannuation benefit is deductible regardless of the fact that benefit is payable to the employee or his dependants. Therefore‚ the superannuation contribution amounting to $10000 will not be included in the assessable income of Nick. b) As per the principles of Ordinary Income compensation for loss of income is also an income therefore‚ it will form part of assessable income. Nick must include $50000 as his assessable income for the year. c) The
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(i) and (ii) below: Budgeted labour hours 8500 Budgeted overheads £148 750 Actual labour hours 7928 Actual overheads £146 200 (i) Based on the data given above‚ what is the labour hour overhead absorption rate? A £17.50 per hour B £17.20 per hour C £18.44 per hour D £18.76 per hour (ii) Based on the data given above‚ what is the amount of overhead under/over-absorbed? A £2550 under-absorbed B £2529 over-absorbed C
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ACC501: COMPUTERISED ACCOUNTING TUTORIAL 4 DISCUSSION QUESTIONS i. ‘Why are adjusting entries necessary? Surely they cause too much delay in preparing financial statements‚ and the financial effect of any entries made is immaterial in the long run.’ Respond to this criticism. ii. The owner of a business reviews the income statement prepared by you and asks‚ “Why do you report a profit of only $30 000 when cash collections of $100 000 were received and cash payments for the period totalled only
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CYP3.1 Outcome 1.2 Explain the difference between sequence of development and rate of development and why the difference is important. It is important to know the difference between the sequence and the rate of development as it helps to identify the Childs needs during the stages of their school years. It is crucial to plan effectively ensuring the child receives the support they need in the areas they find most difficult in‚ for example physical development shows a pacific pattern; a baby
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Assignment One – Child and young person development Task 2 – Explain the difference between sequence of development and rate of development and why the difference is important. The sequence of development is the order in which development takes place. Although some stages of development may be missed (for example some babies do not crawl and go straight from shuffling to walking) the sequence is usually followed by children and the order usually remains the same. The rate of development
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4. Risk of moderator variables during assessment A moderator variable is a variable that may affect the relationship between two other variables. As such‚ predictors and criteria for some candidates who have a particular score on the moderator variable could display different relationships than the predictors and criteria of other candidates‚ who have an alternative score on the moderator variable. Examples of moderator variables could include gender‚ age‚ length of service‚ and nationality (Spector
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If you give the right responses‚ you will obtain 2.5 marks per one statement (i.e. this part is for 10 marks). 1. Why is adherence to ethical standards important for the smooth functioning of an advanced market economy? 2. Briefly describe what is meant by enterprise risk management. 3. Describe what is meant by a “pull” production system. 4. Describe the schedule of cost goods manufactured. How does it tie into the income statement? 5. Why are product costs sometimes called inventoriable costs? Describe
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Task 2 CYP 3.1 (1.2) Explain the difference between sequence of development and rate of development and why is this difference important. Sequence of development refers to the normal sequence in which children learn different skills‚ and the rate of development refers to the speed in which a child will develop. However‚ according to Burnham et al (2010) the difference between the sequence of development and the rate of development is that the sequence refers to the normal or expected sequence
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06/11 Water Absorption ASTM C 140 Water Absorption One of the most important properties of a good quality concrete is low permeability‚ especially one resistant to freezing and thawing. A concrete with low permeability resists ingress of water and is not as susceptible to freezing and thawing. Water enters pores in the cement paste and even in the aggregate. Absorption For concrete pavers‚ the test procedure involves drying a specimen to a constant weight‚ weighing it‚ immersing it in water for
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DIETARY REQUIREMENTS A. Vitamins and Minerals 1) Explain the difference between fat-soluble and water-soluble vitamins FAT-SOLUBLE VITAMINS WATER-SOLUBLE VITAMINS VITAMIN A VITAMIN C (ascorbic acid) VITAMIN D VITAMIN B group: • B1 (Thiamine) • B2 (Riboflavin) • B6 (Pyrodoxine) • B12 (Cobalamin) • Folic acid (Folate) • Niacin VITAMIN K VITAMIN E Fat soluble vitamins are soluble in fats whereas water soluble vitamins are soluble in water. Water soluble vitamins are easily absorbed however fat
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