Answer:
The correct answer is letter "D": Net pay because it takes into account any deductions to you income.
Explanation:
Individuals' budgets must be based on their <em>net income</em>. <em>Calculating their net income implies subtracting federal taxes from the gross income of employees' pay stubs</em>. The amount represents the money that will be sent to the workers' bank account or their checks which means that amount is what they will have in their pockets.
Answer:
Explanation:
According to my research on different financial terminology, I can say that based on the information provided within the question the appropriate journal entry would include a debit to a liability and a credit to a revenue account. This must be included otherwise the journal entry will state the sale of the product or service as being made twice, which will cause errors in the financial statements.
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Answer:
Total Equivalent Units Conversion 746,000
Explanation:
Breakfast Cereal Maker
Weighted-Average Inventory Method
Total Equivalent Units
Units Conversion Equivalent Units
Particulars %
Units completed 620,000 100 % 620,000
<u>Add Ending WIP 180,000 70 % 126,000</u>
<u>Total Equivalent Units 746,000</u>
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<em>The total Equivalent units are obtained by adding the percent of the units in the ending work in process inventory to the units completed and transferred out. This is the average weighted method of finding the equivalent units.</em>
<em>As only conversion is required we found out the conversion units only.</em>
