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adell [148]
3 years ago
12

Johanna Pye is a hair stylist at Mamon Salon. The salon's policy states that stylists receive 40 percent of the revenue they gen

erate as their compensation. Johanna grew tired of sharing her income with the salon and decided she wanted to make more money. She continued seeing her existing clients at the salon, but when new clients called for an appointment, Johanna lied and told them the salon was completely booked for the next few months. She then offered to come to their homes and cut their hair for 10 percent less than what the clients would be charged at the salon. She did not report the house call appointments to the salon, and was therefore able to keep all the income she generated from these side clients. This is an example of what type of scheme
Business
1 answer:
IRINA_888 [86]3 years ago
6 0

Answer:

Business diversion

Explanation:

The above scenario is an example of business diversion type of scheme  whereby Johanna diverted her employer new client in order to generate her personal income, and it happens without the knowledge of her boss

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The text discusses three areas a firm must be concerned with in order to keep their best and brightest employees from leaving. T
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The correct answer is a. sorting/absorbing

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Read 2 more answers
June 1 Stockholders invested $21,800 cash in the business in exchange for common stock. 2 Purchased a used van for deliveries fo
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Answer:

June 1st

Cash   21,800 debit

  Common Stock  21,800 credit

June 2nd

Van-automobile 14,200 debit

             Cash          4,000 credit

            Note payable 10,200 credit

June 3rd

Rent expense 400 debit

           Cash              400 credit

June 5th

Accounts receivables 5,200 debit

             Sales Revenue    5,200 credit

June 9th

Dividends    300 debit

           Cash          300 credit

June 12th

Supplies 200 debit

       Accounts Payable  200 credit

June 15th

Cash  1,400 debit

     Accounts receivables 1,400

June 17th

Gasoline expense 200 debit

      Accounts Payable     200 credit

June 20th

Cash      1,300 debit

  Service Revenue   1,300 credit

June 23th

Note payable   600 debit

           Cash              600 credit

June 26th

utilities expense 350 debit

              cash                350 credit

June 29th

accounts payable 200 debit

          cash                     200 credit

June 30th

salaries expense 1,730 debit

                   cash             1,730 credit

Explanation:

Rules to perform journal entries:

credit = debit

also there should be at lease one account on debit and one in credit.

We must also remember that debits must be enter first.

Also, each acount must represent a single event or stuff. It cannot represent both stuff.

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3 years ago
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