Answer:
$7,720; $4,280
Explanation:
total delivery expense = $12,000
Dept. Y Dept. Z
direct expenses $1,300 $0*
indirect expenses ($10,700 x 60%) ($10,700 x 40%)
$6,420 $4,280
total delivery expenses $7,720 $4,280
*Since no direct delivery expenses were generated by Dept. X, no amount should be allocated. Indirect expenses are allocated based on the percent generated by each department.
Answer and Explanation:
The tax consequences for the following events -
a. The organization should record the amount of $10,000 in the year 2018 as they followed the cash basis and the cheque should be equal to the cash also troy could not able to record the bonus till it is actually collected
b. As per the accrual basis, the income should be recorded when they are earned not when they are received so the corporation should record the income in the year 2018 as the agent performed the service
c. Since the restrictions that are imposed on cheque for payment purpose should be treated as the substantial and the cheque should not be equivalent to the cash because the customer told that check should be held till Jan 2019 so the income should not be recorded in 2018
Answer:
Explanation:
Prepare a post-closing trial balance.Step 9
Prepare an adjusted trial balance.Step 6
Analyze business transactions.Step 1
Prepare a trial balance.Step 4
Journalize the transactions.Step 2
Journalize and post closing entries.Step 8
Prepare financial statements.Step 7
Journalize and post adjusting entries.Step 5
Post to ledger accounts.Step 3
Answer:
We have to find Western Country Corporation's net income, and cash balance at the end of 2018.
The answers are:
Net Income = $200 million
Ending cash balance = $100 million
Explanation:
Net income is equal to sales revenue - cost of goods sold - other expenses
Net Income = $850 million - $255 million - 425 million
= $200 million
Ending cash balance is equal to beginning cash + cash receipts (inflows) - cash payments (outflows)
Ending cash balance = $85 million + $710 million - $400 million - $285 million
= $110 million
Answer:
A. true
Explanation:
The ethics are a principle which deals in the right and wrong thing. For creating an organizational culture the trust, beliefs of the employees towards The company, and the company towards employees are very important.
Everything done in an organization should be done in an ethical way i.e. properly policies, procedures, rules, regulations should be implemented so that every employee should follow them. If it is not followed then strict actions should be taken
So for creating project culture, the ethics should be considered as it contains the laws, principles, etc that are required to run an organization
hence, the given statement is true