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2 years ago

How do public disclosure requirements protect consumers?

1 answer:

6 0

<span> Public disclosure requirements protect consumers by keeping public companies honest in how they run their business and represent themselves to the public.</span>

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During the current month, Ringling Company incurs the following manufacturing costs:

melisa1 [442]

Answer:

Part a

Debit : Raw material $4,200

Credit : Accounts Payable $4,200

Part b

Debit : Salaries $18,000

Credit : Salaries Payable $18,000

Part c

Debit : Factory utilities $2,200

Debit : Factory Insurance $1,800

Debit : Depreciation $3,500

Credit : Overheads $7,500

Explanation:

The journal entries for each type of manufacturing cost have been prepared above.

7 0

2 years ago

Modified Accelerated Cost Recovery System (MACRS) (LO 7.4) Mike purchases a new heavy-duty truck (5-year class recovery property

posledela

Answer: See explanation

Explanation:

a. The amount of depreciation for 2017 using financial accounting straight-line depreciation will be:

= $39000 × 8months/5 years

= $39000 × 8months / 60months

= $39000 × 8/60

= $5200

b. The amount of depreciation for 2017 using the straight-line depreciation election will be:

= $39000 × 10%

= $39000 × 0.1

= $3900

c. The amount of depreciation for 2017, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables will be:

= ($39000/2) + $3900

= $19500 + $3900

= $23400

d. If there is no income limit on the expense election, the amount of depreciation for 2017 including bonus depreciation and the election to expense that Mike can deduct will be:

= $25000 + $7000 + $1400

= $33400

4 0

2 years ago

Dominick earned $7.25 per hour until his state raised the minimum wage to $12 per hour, at which time his pay was increased to $

Tanzania [10]

The law that Dominick's organization is abiding to when they increased his pay is the Fair Labor Standards Act (FLSA).

<h3>What does the Fair Labor Standards Act (FLSA) call for?</h3>

It states that employees should be treated in a fair manner that is consistent with the work they put in.

The Act makes this clearly by specifying that minimum wage laws should be abided by which was why the organization increased Dominick's wages when the minimum wage was raised.

Find out more on the Fair Labor Standards Act (FLSA) at brainly.com/question/14888150.

#SPJ1

3 0

1 year ago

Direct-mail questionnaires should be kept to a maximum of how many pages? A.One B.Two C.Three D.Four

Inga [223]

Answer:

One page

Explanation:

Direct mail questionnaires should be kept to a maximum of a single page.

This is because the target audience of these mails which are the respondents will treat this like they treat regular mails and my not be disposed to answering or giving responses.

So an increased number of pages would surely further decrease the attention the questionnaire would receive from these respondents.

Thus, it is best that the questionnaire is restricted to a single page.

4 0

2 years ago

A group of individuals from the same business sector who try to persuade politicians to

german

Answer:

Lobby

Explanation:

The term lobby refers to a group of people who band together and try to influence people in public office and politicians.

3 0

1 year ago