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3 years ago

_____ means that an employee is paid a given amount regardless of the number of hours worked or quality of the work.

1 answer:

7 0

Commission means that an employee is paid a given amount regardless of the number of hours worked or quality of the work.

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On December 1, delivery equipment was purchased for $6,144. The delivery equipment has an estimated useful life of four years (4

Akimi4 [234]

Answer and Explanation:

The presentation is shown below;

Depreciation expense

Adjustment $128 ($6,144 ÷ 48 months)

Accumulated depreciation

Adjustment $128

The journal entry is

Depreciation expense $128

To Accumulated depreciation $128

(Being depreciation expense is recorded)

Here the depreciation expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the asset

6 0

3 years ago

Morgan Sigma plans to deposit money into her checking account. She has one $100 bill, two $20 bills, six $10 bills, four quarter

erastovalidia [21]

Answer:

$201.32

Explanation:

100

+2x20=40

+6×10= 60

+4×.25= 1

+ 5x.05= .25

+ .07

100+40+60+1+.25+.07= 201.32

5 0

3 years ago

Omega Contractors manufactures each house to customer specifications. It most likely would use_____________.a. Process costing.b

sergey [27]

Answer:

c. Unique costing. Job order costing.

Explanation:

Doing work on the specific requirement of customer is classified in unique costing and job order costing. Because all specifications , time period and requirements of the job is different from each other. All the other options are related to a similar business operations which require same costing method to be accounted for.

6 0

3 years ago

Flow Company has provided the following information for the year ended December 31, 2019: • Cash paid for interest, $20,000 • Ca

Natasha2012 [34]

Answer:

A net inflow of $49,000.

Explanation:

The Cash flow from Financing Activities section shows the cash resulting from sourcing finance and repayments thereoff.

Cash flow from Financing Activities

Cash paid for dividends ($6,000)

Cash proceeds from bank loan $29,000

Cash purchase of treasury stock ($11,000)

Cash received from issuance of common stock $37,000

Net Cash from Financing Activities $49,000

therefore,

The result from Financing Activities shows a net inflow of $49,000.

7 0

3 years ago

Green Bean, Inc. began 2018 with cash of $ 52,000. During the year, Green Bean earned revenue of $ 598,000 and collected $ 624

melisa1 [442]

Answer:

Explanation:

The preparation of the Cash Flows from three Activities - Direct Method is shown below:

Cash flow from Operating activities

Collections from customers $624,000

Less: Cash paid to suppliers and employees -$419,000

The total cash paid

= $215,000 + $204,000

= $419,000

Net Cash flow from Operating activities $205,000

Cash flow from Investing activities

Purchase of equipment -$145,000

Net Cash flow from Investing activities -$145,000

Cash flow from Financing activities

Cash dividends declared and paid -$49,000

Net Cash flow from Financing activities -$49,000

Net Cash flow from Operating activities $205,000

Net Cash flow from Investing activities -$145,000

Net Cash flow from Financing activities -$49,000

Net increase (decrease) in cash for the year is $11,000

Add: Beginning cash balance $52,000

Ending cash balance $63,000

4 0

3 years ago