Answer:
$7,875
Explanation:
Total car sales in January: $112,500
Commission at the rate of 7%,
Salary for January is :
7 percent of $112,500
=7/100 x $112,500
=0.07 x $112,500
=$7,875
Answer:
Project Management Office is the correct answer.
Explanation:
Project Management Office is a department that focuses on and maintains the quality and overview of project management throughout the organization.
The objective of the Project Management Office is to give a platform that supports all the project teams to achieve and improve the chances of successful outcomes.
<span>Net investment is computed on several factors which includes capital gains, rental and/or royalty income, income from businesses, interest. To calculate net investment income, an individual's investment income will be reduced by a certain amount . This is simply to determine the depreciation of the investment.</span>
Work-Study=Work for pay and to learn a trade. Ex: Working for a metalworking company while pursuing a welding degree.
Federal Student Aid Programs=Helps students pay off their debts and afford food.
Federal Student Loan=The Government pays for your school but you usually have to pay it back. However, under Obama, there was a provision that forgave that debt if you went into public service. (Police, firefighting, etc)
Answer:
1. No journal entry required
2. No journal entry required
3 Dr Loss $470,000
Cr Contingent liability $470,000
Explanation:
Preparation of the journal entry to Record any amounts as a result of each of these contingencies
1. Based on the information given we were told that The likelihood of the payment is reasonably possible which means that contingent liability amount was not recognized and therefore NO JOURNAL ENTRY IS REQUIRED
No journal entry required
2. Based on the information given we were told that Environmental Printing was expecting to win the case and be awarded the cash amount involved which means NO JOURNAL ENTRY IS REQUIRED reason been the CONTINGENT GAIN will not be recognized until the amount is received.
No journal entry required
3. Contingent liability was recorded because the payment is reasonably possible and Estimated.
Dr Loss $470,000
Cr Contingent liability $470,000
