Below are the amount required to close the account of Harrison's Dog Walking Service Company:
Journal entries
Jan 31
Fees earned No entries
Dr wages expenses $44,230
Cr Rent Expense $15,710
Cr Supplies Expense $15,800
Cr Miscellaneous Expense $2,420
Harrison Taylor capital No entries
Jan 31
Harrison Taylor capital No entries
Harrison Taylor drawing No entries
Answer:
B. percentage of sales method
Explanation:
Under the Allowance method there are two ways of analysing the credit sales, one is defining a percentage of the total credit sales, basis in the economy situation and the past events about credit sales, the percentage is determined to estimates allowance for doubtful accounts.
The other way, that isn’t named in the option is through the aging method which classifies the account receivables into diferents age group and estimates the allowance for doubtful accounts considering the age of each group and asigning a percentage for each one.
Answer:
c) gain-sharing
Explanation:
Based on the scenario being described within the question it can be said that the team members were also compensated through a gain-sharing system. This term, also known as profit sharing, refers to an incentive plan that usually provides a direct or indirect payment to employees based on the company's profitability, usually in the form of shares of the company.
Government of South Africa has tye owner of South African Broadcasting Corporation. Is the form of ownership.
Answer:
$281,612
Explanation:
Plane Operating Cost = Fixed cost + (Variable cost per unit1 × q1) + (Variable cost per unit 2 × q2)
Plane Operating Cost = $40,190 + ($2709*88) + ($10 * 303)
Plane Operating Cost = $40,190 + $238,392 + $3,030
Plane Operating Cost = $281,612
So, the plane operating costs in the planning budget for August would be $281,612