Answer:
Adjusting entry
Date Account Name and Explanation Debit Credit
Salaries Expense $650
Salaries payable $650
(To record salary expense)
Answer: $46666.67
Explanation:
From the question, we are informed that Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 and that the consumer price index was 177 in 2001 and 265.5 in 2006.
For us to calculate Henri's 2006 salary in 2001 dollars, we have to multiply Henri's 2001 real salary by the price in 2001. This will be:
= (70000/265.5) × 177
= $46666.67
Answer:
Social Responsibility
Explanation:
Social Responsibility is a theory of ethical, in which the individuals are accountable for accomplishing their civic duty, the actions of the person or an individual must advantage or benefit the society. In this manner, there need to be a balance among the welfare of the society and the economic growth and the environment.
In short, it is the concern of the businesses or an individual for the welfare of the society as a whole.
Therefore, Wal Mart practices the social responsibility for developing the environment friendly products and also use the materials which could be recycled.
Answer: C.) Mary Ann buys the bag at the price she wants
Explanation: A win - lose situation in the course of negotiation may be framed as one in which only one of the negotiating parties profits from the sale of the product or contract in question. It usually involves both parties taking extreme positions and often involves lengthy argument of haggling before reaching a compromise The win-lose situation often ends up with only one of the negotiating parties winning as as such may not pave way for a seamless relationship between both parties in the future. When Mary Ann purchases the bag at the price she wants, she wins and thus leaving the seller in the losing position.
Answer:
Actual Quantity= 60,000 hours
Explanation:
<u>First, we need to calculate the direct labor rate variance and the standards direct labor hours:</u>
Total Labor Cost Variance= efficiency variance + rate variance
-12,000 = 6,000 + rate variance
-18,000= rate variance
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
-18,000= (11.7 - 12)*actual quantity
-18,000 = -0.3*actual quantity
60,000= actual quantity
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