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Novay_Z [31]
3 years ago
14

Ernest is 42 years old and has been out of work for two months. he lost his position as a program manager when his company merge

d with another larger company. he made a great deal of money during his time as manager and saved quite a bit, so finances are not an immediate concern. he has not been actively looking for work, and he feels sluggish, sleeps much more than he did in the past, and spends most of his time watching tv.
Business
1 answer:
jok3333 [9.3K]3 years ago
3 0
<span>Ernest is experiencing the effects of loss of status following the termination.
Once he lost his job, where he was respected as a good worker, he lost that status as well. Now, he is unemployed, and even though he has enough money to sustain himself, he isn't considered part of the workforce anymore, which obviously depressed him a bit, even though he doesn't know it yet.</span>
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John and Paul are brothers and both are United States citizen. Paul works in Mexico and maintains two (2) bank accounts in Mexic
Anuta_ua [19.1K]

Answer:

I think B

Explanation:

7 0
3 years ago
On August 1, Hanes Co. determines that it cannot collect $150 from a customer. Hanes uses the direct write-off method. Hanes wil
Roman55 [17]

Using the direct write-off method, Hanes will record the write-off of this account by <u>debiting</u> the Bad Debts Expense account.

<h3>What is the direct write-off method?</h3>

The direct write-off method is one of the methods for writing off uncollectible accounts.

With the direct write-off method, the bad debts expense account is <u>debited</u> while the accounts receivable are <u>credite</u>d.

Thus, using the direct write-off method, Hanes will record the write-off of this account by <u>debiting</u> the Bad Debts Expense account.

Learn more about the direct write-off method at brainly.com/question/25078131

#SPJ1

4 0
2 years ago
1 point
Reil [10]
True I’m pretty sure that’s right
3 0
3 years ago
James purchased a commercial property at a 7.5% cap rate. The previous owner agreed to finance the deal at 8%. Why may James ele
dlinn [17]

Answer:

James will lose money, since his earnings will be lower than the interest that he must pay.

Explanation:

The capitalization (cap) rate is a ratio calculated by dividing the net operating income over the property asset value.

For example, if James is purchasing the property at $100,000, his net earning will be $7,500 per year (cap rate of 7.5%), but he will have to $8,000 in interests for the property. The interests are higher than the earnings, therefore the leverage is negative.

7 0
3 years ago
Cavy Company accumulated 580 hours of direct labor on Job 456 and 850 hours on Job 777. The direct labor was incurred at a rate
JulsSmile [24]

Answer:

$30,800

Explanation:

Dr Work in progress 30,800

Cr Wages payable 30,800

Direct labour hours × Per direct labour hour

Job 456

580×15 = 8700

Job 777

850×26= 22100

22,100 + 8,700 = 30,800

7 0
3 years ago
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