Answer:
$10,500 loss
Explanation:
The computation of the net income affected is shown below:
Since Big Ben purchased shares of Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months i.e from April 1 to December 31
Now the Earnings from Little Trick is
= $20,000 × 30% × 9 months ÷ 12 months
= $4,500
And, the Compensation paid is $15,000
So, the loss is
= $15,000 - $4,500
= $10,500
Answer:
a, Journal Entries to record transactions
Account Titles Debit Credit
Cash $5,412.36
Cash Short and Over $0.71
($5,413.07 - $5,412.36)
Sales $5,413.07
The actual cash in cash register is debited to cash account and cash receipts per cash register tally is credited to sales account and the balancing figure is debited or credited to Cash short and over account.
b. Journal Entries to record transactions
Account Titles Debit Credit
Cash $3,712.95
Cash Short and Over $0.79
(3,712.95 - 3,712.16)
Sales $3,712.16
Answer:
Military equipment.
Explanation:
American industry during wars required enough of industrial power to outstand other countries. To do this, the automobile industry was specifically equipped with raw materials to manufacture war vehicles such as tanks, jeeps, and trucks. Thus, this industry was uniquely suited to the mass production of 'Military Equipment'.
Answer:
Explanation below
Explanation:
When organizations are looking at hiring interns, they should make sure it does not go against the laws of the Fair Labor Standards Act (FLSA) which broadly defines what it means to employ someone and remained silent regarding whether interns should be exempted from minimum wages.
FLSA provides that if your company like that of Wayne in the question, benefits from the use of interns they hired, then they must pay them a sum that is equivalent to the minimum wage.
But if the intern does not do any work that directly benefits the organization, but just there to learn and watch how things are going, then it can be justified in not paying them at all.
so Wayne's rights have been violated since the wage was below the minimum wage.
The answer to this question is: <span> South Carolina; drier
</span> Circulation of surface wind and ocean water is run against clock direction in the Northern Hemisphere and the <span>Surface currents generally move outward from system's center
</span><span>This will reduce the air masses in the southern hemisphere and make that region become drier.</span>
