Answer:
a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500
Explanation:
858,000 wages per year / 52 weeks per year = 16,500 per week
The weekly wages for our employees are 16,500 dollars
For each of the two weeks of vacations we will do an adjusting entry by this amount.
<span>The answer is B. Posting the date.
Here's the sequence of posting procedures.
First, Posting the date.
Second, posting the amount of the transactions.
Third,posting the page number of the journal in the Post. Ref. column of the ledger account.
And lastly, recording the posting ref. information</span>
Answer:
$4,893.33
Explanation:
Inez's monthly earnings in April comprises of her monthly salary and the performance bonus which are both computed as shown below:
monthly salary=annual salary/12 months
annual salary
monthly salary=$40,000/12
monthly salary=$3,333.33
Note that the performance bonus is not based on the entire sales revenue generated by her but on the sales revenue above the threshold of $50,000
sales performance bonus=($69,500-$50,000)*8%
sales performance bonus=$1,560
monthly earnings=$3,333.33+$1,560
monthly earnings=$4,893.33
Answer:
C. Demand for the existing firms' output will become more inelastic
A business plan is a plan how to achieve the objectives of the organisation, how to manage the resources, how to plan and manage everything in the enterprise.
<u>Explanation:</u>
A business plan is a formal composed report containing business objectives, the techniques on how these objectives can be accomplished, and the time period inside which these objectives should be accomplished.
A business plan is a document that condenses the operational and money related destinations of a business and contains the point by point plans and spending plans demonstrating how the goals are to be figured it out. It is the guide to the achievement of your business.