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2 years ago

Capital needed for company activities cannot be acquired through: ______

1 answer:

8 0

Correct option is C. Capital needed for company activities cannot be acquired through arbitrarily firing employees.

<h3>What is meant by at-will employment?</h3>

At-will employment is defined by US labor law as the right of an employer to fire an employee without cause (i.e., without having to provide "just cause" for termination) and without prior notice, so long as the reason is legal (e.g., not firing an employee due to their race, religion, or sexual orientation).

Courts reject any claims for damages resulting from a dismissal where an employee is recognized as having been hired "at will." The practice is viewed as unjust by people who believe that the work relationship is marked by an imbalance of bargaining power because an employee may also be entitled to quit their job without cause or notice.

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Prepare a multiple-step income statement for Surry Co. from the following data for the year ended December 31, 2016. Sales $915,

gavmur [86]

Answer:

Surry Co.

Income Statement for the year ended December 31, 2016

Sales $915000

Less Cost of Merchandise Sold $670000

Gross Profit $245000

LESS OPERATING INCOME

Selling Expenses

Customer Refunds and allowances $ 55000

Selling expenses $ 120000 $175000

Administrative Expenses

Administrative expenses $ 30000 $30000

Total Operating expenses $205000

Operating Income $ 40000

NON-OPERATING INCOME

Interest Expense ($12000)

Rent Revenue $19000

Total Non-operating Income $ 7000

Net Income $47000

Explanation:

A multiple-step Income Statement separate Operating Revenues and Operating Expenses from Non-Operating Revenues and Non-Operating Expense.

6 0

3 years ago

Find the Net Pay: hours worked--27 1/4, $5.15 an hour, Federal tax--$6.19, Social Security--$10.74, Other--$6.37

Kobotan [32]

Calculate for the total earnings gained from working by multiplying the number of hours worked and the hourly wage.

E = (27.25 hours)($5.15 /hour) = $140.3375

The total taxes and items that need to be paid is,

T = $6.19 + $10.74 + $6.37 = $23.3

Subtracting from the total earnings the latter,

NP = $140.3375 - $23.3 = $117.04

Answer is the third choice, $117.04.

4 0

4 years ago

Capital appreciation refers to

Effectus [21]

Capital appreciation refers to A. the increased value of a stock.
However, it doesn't only refer to the stock value, but value of any asset that is increased, such as bonds, land, etc.
The term is related to an influx of money that is going to bring many benefits to the person who is the owner of such assets.

5 0

3 years ago

Read 2 more answers

A company established a $400 petty cash. On October 15, there was $16 remaining in the petty cash fund on that date and there we

spayn [35]

Answer:

On October 15

Travel expense $39

Delivery Expense $138

Office expense $214

Petty cash ($1000 - $400) $600

Cash over and short ($400 - $39 - $138 - $214 - $16) $7

To Cash $984

(Being the replenishment of the petty cash fund is recorded)

Explanation:

The journal entry is shown below:

On October 15

Travel expense $39

Delivery Expense $138

Office expense $214

Petty cash ($1000 - $400) $600

Cash over and short ($400 - $39 - $138 - $214 - $16) $7

To Cash $984

(Being the replenishment of the petty cash fund is recorded)

For recording this journal entry we debited the all expenses incurred plus the petty cash is also debited and cash is credited and the remaining balance is transferred to the cash over and short

7 0

3 years ago

Nadia works in a clothing retail store. Her initial contact with a customer is most likely to be?

BlackZzzverrR [31]

Nadia works in a clothing retail store. Her initial contact with a customer is most likely to be personal selling works best when the product is on sale.

The corporate sales team consists of sales company employees. Contractor.

Sales Reps Provide Information and Advice: Customers understand the value and are willing to indirectly pay for sales reps' training and advice. -Salespeople save time and simplify shopping: Customers value the time and effort they save.

Retail stores and services are referred to as the "cloud". Salesforce offers six types of clouds: Sales Cloud, Marketing Cloud, Commerce Cloud, Service Cloud, Experience Cloud, and Analytics Cloud.

Learn more about the retail stores at

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8 0

2 years ago