All categories

1 year ago

When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years) ______.

Business

1 answer:

Ivanshal [37]1 year ago

4 0

When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.

An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.

Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.

Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.

To learn more about Expenses.

brainly.com/question/24803457

#SPJ4

You might be interested in

34s left The National Income Accounts Unanswered GNP equals GDP A. minus net receipts of factor income from the rest of the worl

ra1l [238]

Answer:

D. plus net receipts of factor income from the rest of the world

Explanation:

Gross national product (GNP) is the value of all final goods and services produced by a country's residents both at home and abroad.

GNP = Consumption + Investment + Government + Net Export + Net factor income from abroad

6 0

3 years ago

Bramble's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's b

jolli1 [7]

Answer:

$15.51 per Double chocolate almond supreme

Explanation:

Calculate the standard cost for a pound of Mama Fran's double chocolate almond supreme cookies.

1. Standard Material Cost (Ratio Denominator = 10 + 5 + 1 = 16)

Std. Mat Cost = 10 Ounces /16 * $0.80 + 5 Ounces /16* $6 + 1/16* $18

Standard Material Cost = $3.5 per Double chocolate almond supreme

2. Standard Direct Labor Cost

Std. Labor Cost = 1 /60 Hours * $12.7 per Hour + 7/60 Hour * $19 per Hour

Std. Labor Cost = $2.4283 per Double chocolate almond supreme

3. Standard Variable Overhead Cost

Std. Variable OH. Cost = 6/60 Hours * $35.8

Standard Variable overhead cost = $3.58 per Double chocolate almond supreme

4. Standard Fixed Overhead Cost

Std. Fixed Overhead per cake = 6/60 Hours * $60 per Hour

Standard Fixed overhead cost = $6 per Double chocolate almond supreme

Now Standard cost for a pound is calculated as under:

Standard cost for a pound = 2.9375 + 2.4617 + 3.70 + 6

Standard cost for a pound = $15.51 per Double chocolate almond supreme

8 0

3 years ago

Fabian’s factory produces and sells computers and gaming consoles. Over time, he determined that he could produce gaming console

Alona [7]

Answer:

D. Opportunity cost.

Explanation:

Based on the question, the only information we have to know what led Fabian's decission is the fact that it is more profitable for him to produce gaming consoles than computer systems.
Then, for him, it is costly to produce computer systems in terms of the earnings he would set aside if he does not produce gaming consoles (because he is producing computer systems instead).
Then, the opportunity cost of producing computer systems it is high: he could be earning more by producing gaming consoles.
Then, based on the opportunity cost, he decides to produce only gaming consoles.

6 0

3 years ago

Crane Company can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muff

Makovka662 [10]

The question is reproduced in the table below for clarity

Oven Contribution

Hours Required Margin Per Unit

Muffins 0.2 $4

Coffee Cakes 0.3 $5

Answer:

Total contribution margin = $ 60,000.00

Explanation:

When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that it maximizes the contribution per unit of the scare resource.

Therefore Crane Company should alocate the oven hours to maximise the contribution per unit of oven hour. This is done as follows:

Step 1

Calculate he contribution per oven hour and rank the product

cont/hr ranking

Muffin $4/0.2 hour = 20 1st

Coffee cakes $5/0.3 hour= 16.67 2nd

Because Muffin generates the highest contribution per hour of Oven, Crane should allocate all the resource to it

Step 2

Calculate the Total contribution from the production of Muffin

Total contribution margin = 20 per her × 3000

= $ 60,000.00

8 0

3 years ago

Read 2 more answers

A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 . What is the net impact on reta

egoroff_w [7]

A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 .

c. An increase of $ 150,000 is the net impact on retained earnings is the correct option.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

For most people, income means gross income in the form of wages and salaries, return on investment, pension payments, and other income.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example of income is an annual salary of $70,000.

Learn more about income here:brainly.com/question/25745683
#SPJ4

7 0

2 years ago