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Anna [14]
3 years ago
11

A company can deem an employee as salaried if they

Business
2 answers:
Flura [38]3 years ago
8 0

A company can deem an employee as salaried if they work 35-40 hours a week. When an employee is salaried they are usually offered a few different benefits from those who are not salary are eligable to receive. As long as the employee works the set amount of hours as agreed to by the company as deeming them salaried and pays them per year vs hourly they are considered a salary employee.

Marysya12 [62]3 years ago
5 0
A company can deem an employee as salaried if the employee works at least 40 hours a week for a month.
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ABC Corporation raised capital through an offering of equity securities. Which component of the balance sheet has changed as a r
Stels [109]

Answer:

Share capital in the shareholders equity section

Explanation:

The balance sheet is structured according to the accounting formulae

Asset = Liabilities + Owners Equity

When a company raises capita by the issuing of securities or is referred to as share capital.

The securities issued are common stock or preferred stock.

There is a maximum amount that a company can raise from the sale of shares and this is called authorised share capital.

Share capital is a line item that is reported under Owner equity section of the balance sheet.

8 0
3 years ago
The following is the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections fro
Marizza181 [45]

Answer and Explanation:

The computation is shown below:

Sales ($28,000 + $3,000)  $31,000

Less: Cost of goods sold  ($13,000 + $2,000 - $3,000)  -$12,000

Operating expenses($9,000 - $2,000)  -$7,000

Depreciation expense -$4,000

Income tax expense  ($4,000 + $1,000)  -$5,000

Amortization expense -$1,000

Gain on sale of equipment $2,000

Net income $4,000

2.  

Net income $4,000

Add:  

Depreciation $4,000

Write-off of intangibles $1,000

Less:  

Gain on sale of equipment -$2,000

Cash flow before working capital changes  $7,000

Increase in accounts receivable -$3,000

Increase in inventory -$3000

Increase in accounts payable $2000

Decrease in accrued payable -$2000

Increase in deferred income taxes payable $1,000

Net Cash from Operations $2,000

6 0
2 years ago
________ are more effective at generating recall and familiarity with a product, whereas ________ generate cognitive activity th
ANEK [815]

Answer:

The correct answer is letter "C": Pictorial cues; verbal cues.

Explanation:

Marketing uses different approaches to attract consumers' attention. When it comes to portraying images, advertising can implement pictorial cues to create a depth sensation on two-dimensional surfaces like flyers. Though, a verbal cue is necessary as well to provide the information the promotion is intended to transmit. That data can let the audience know what the advantages and disadvantages of the product promoted are.

8 0
3 years ago
Tons Beauty LLC uses the double-declining balance method for depreciation on its computers. Which item is not needed to compute
erica [24]

Answer:

Residual or salvage value isn't needed in the calculation of deprecation expense using the double declining method.

Explanation:

Deprecation expense using the double declining method = [2 ×(1/useful life)] × cost of the asset

I hope my answer helps you

8 0
3 years ago
Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl
stira [4]

Answer:

1. Apple Stocks             Dr. $75,000

  Deferred Donation Income   Cr. $75,000

2. Apple Stocks Dr. $1,500

        Gain on Apple Stocks   Cr. $1,500

3. Cash         Dr. $ 76,000

   Gain/Loss on Apple stocks Dr.$1,500

                      Apple Stocks             Cr.$76,500

Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

5 0
3 years ago
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