Answer:
1. Vacation pay expense Dr. 3500
Vacation pay payable 3500
2. It is recorded at the company's balance sheet as the accrued liabililty at the liabilities portion.
3. The amount will be removed once the vacation pay is paid and is debited to income account.
Answer:
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Answer: The control the company has over Ike's job details.
Explanation:
The Home-baked bread company and Ike share something in common which is the fact that Ike is an employee of the company and also he is to be paid by the company.
As an employee of the bread company, they still control Ike's job role and can decide to vary or maintain his current job role depending on what the company desires to achieve. Also if he doesn't meet up to some target he can still be laid off, due to the fact that he is still on his trial period.
Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.
Explanation:
A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders
A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader
In this print ad, the source of the advertising message: <u>is the Minnesota State Tourism Department</u>.
<u>Explanation</u>:
Advertising is an activity of producing advertisements to market the goods or services. Businesses involve in advertising to promote the products or services offered by them. Advertising helps people to know about the product and their uses.
Advertising helps in increasing the sales of the product or services. The middleman service can be removed efficiently and salesmanship can be supported. The consumers can be educated easily about the product.
In the above scenario, Minnesota State Tourism Department promotes Minnesota as vacation destination by advertising.
