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2 years ago

What has changed in the recent past that now makes working from home a viable solution for business and workers?

Business

1 answer:

VikaD [51]2 years ago

4 0

Answer:

Technology, and williness to work at home. Many laptops have become viable options to complete your work. An increase in better internet and wi-fi also helps with keeping people on task. Many people as well have found it better to work from home, and studies show that productivity have risen

Explanation:

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On July 1, Runner's Sports Store paid $14,000 to Corona Realty for 4 months rent beginning July 1.Prepaid Rent was debited for t

Mariana [72]

The question is incomplete. Choose fron the following;

A)Debit Prepaid Rent, $3,500; Credit Rent Expense, $3,500.

B)Debit Rent Expense, $14,000; Credit Prepaid Rent, $14,000.

C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.

D)Debit Rent Expense, $14,000; Credit Prepaid Rent, $3,500.

Answer:

The answer is C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.

Explanation:

The rent expense for the month ending July 31 was 14000/ 4 = $3500.

3 0

3 years ago

Read 2 more answers

Angus Bank holds no excess reserves but complies with the reserve requirement. The required reserves ratio is 8%, and reserves

grandymaker [24]

Answer:

$3.68 million

Explanation:

Reserve Ratio = 8%

Reserves are currently = $25 million

Amount of deposits = $ 312.5 million

Deposit outflow = $4 million

Remaining Deposits = Amount of deposits - Deposit outflow

= $ 312.5 million - $4 million

= $308.5 million

Current Required Reserve after outflow of deposits(CR):

= $25 million - $4 million

= $21 million

Therefore,

Shortage of Reserve = CR - (Remaining Deposits × Reserve Ratio)

= $21 - ($308.5 × 0.08)

= $21 - $24.68

= -($3.68)

Therefore, the reserve shortage created by a deposit outflow of $4 million is $3.68 million

3 0

3 years ago

The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw material

Sholpan [36]

Answer:

cost of goods manufactured= $176,000

Explanation:

Giving the following information:

Direct materials:

Beginning inventory= $16,000

Ending inventory= $20,000

Purchase= $72,000

WIP:

Beginning inventory= $40,000

Ending inventory= $44,000

Direct labor= $72,000

Manufacturing overhead applied= $40,000

T<u>o calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 16,000 + 72,000 - 20,000= 68,000

cost of goods manufactured= 40,000 + 68,000 + 72,000 + 40,000 - 44,000

cost of goods manufactured= $176,000

8 0

3 years ago

The Reingold Hat Company uses the allowance method to account for bad debts. During 2018, the company recorded $800,000 in credi

olasank [31]

Answer:

$24,000

Explanation:

Since in the question it is given that the 3% of credit sales is considered to be a bad debt expense

where,

Credit sales is $800,000

And, the estimated percentage is 3%

So by considering this above information, the amount debited to bad debt expense is

= $800,000 × 3%

= $24,000

All the other information i.e to be given is not relevant. Hence, ignored it

4 0

3 years ago

The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800

oksian1 [2.3K]

Answer: See explanation

Explanation:

The necessary closing entries from the available information at December 31 will be calculated thus:

1. Dec 31

Dr Services Revenue $13000

Cr Income Summary $13000

2. Dec 31

Dr Income Summary $10000

Cr Wages expense $8400

Cr Rent expense $1600

3. Dec 31

Dr Income Summary = $13000 - $10000 = $3000

Cr D. Mai, Capital $3000

4. Dec 31

Dr D. Mai, Capital $800

Cr D. Mai, Withdrawals $800

8 0

3 years ago