Answer: A) debit to Salaries and Wages Expense for $88,800
Explanation:
When recording the payroll for the month, the gross pay of $88,800 will be debited to the Salaries and Wages expense account.
The relevant deductions are then made which in this case would be FICA taxes, Income taxes withheld and Medical insurance deductions. The unemployment taxes are the responsibility of the employer so will not be deducted.
The Journal entry will therefore be;
Debit Credit
April 30 Salaries and Wages Expense 88,800
FICA Taxes withheld 6,790
Income taxes withheld 18,500
Medical Insurance deductions 3,300
Salaries and Wages Payable 60,210
The installation of the larger water softener corresponds to elevate the constraint in the TOC process.
Option C
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Explanation:
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An idea supported by Eliyahu Goldratt, which is the hypothetical base of inventory network the executives. TOC is a model that clarifies the effect on benefit from basic leadership by a store network regarding time. TOC is likewise a technique for overseeing bottlenecks.
The "TOC (Theory of Constraints)" created by Eliyahu Goldratt is a technique for expanding throughput by overseeing "requirements" (bottlenecks). It is an idea that fills in as the hypothetical base of production network the executives and a model that clarifies the relationship of factors in business regarding how income based benefit is influenced by basic leadership in the inventory network concerning business forms as far as time.
As a figurative clarification, how about we utilize the case of "a gathering climbing", to depict the administration of improving throughput by utilizing the TOC
.
Answer:
The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be -$850 or $850 outflow
Explanation:
The computation of the cash flow from the operating activities for year 2 is shown below:
= Cash revenue in year 2 - interest on notes payable
= $950 - $1,800
= -$850
The negative amount shows an outflow of cash
.
The interest on the note payable is computed by
= Borrowed amount × interest rate
= $36,000 × 5%
= $1,800
Answer:
E. Licensing agreement
Explanation:
A licensing is a business contract between two parties the licensor (the seller of the license) and the licensee (the buyer). In this type of agreement, a licensor allows the licensee the right to produce and sell goods, use a brand name or trademark owned by the licensor. The licensee pays royalties to the owner in exchange for these agreement. A licencing agreement usually limits the capacity of the lincensor in that it state clearly the capacity to which the agreement extends