Job costing systems are used to accumulate the cost of a individual job
Answer:
Please sew below
Explanation:
Skidmore Music Company.
1. Cash basis income statement
Sales
$13,800
Less: cost of goods sold
$1,700
Gross income
$12,100
Wages expense
$720
Operating income
$11,380
2. Accrual basis income statement
Sales.
$16,700
Less: cost of goods sold
$4,900
Gross income
$11,800
Wages expense
($720)
Utility expense
($280)
Operating income
$10,800
Answer:
Common market.
Explanation:
In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.
A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.
A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.
<em>The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely. </em>
Answer:
High traffic
Explanation:
Higher traffic means more visibility, more visibility means more customers.
Answer:
Debit Salaries payable $31,000; credit Cash $31,000
Explanation:
As we know that
The journal entry to record the payment is
Salary payable $31,000
To Cash $31,000
(being the cash is paid)
For accrual of salary we debited the salaries expense and credited the salary payable as it increased the both expenses and liabilities account
But since we have to pass the journal entry on Jan 3 so we pass the journal entry which is shown above