Answer:
Journal Entry
Explanation:
The Journal Entry is shown below:-
Cash Dr, $150,000
To Unearned sales revenue $150,000
(Being receipt of cash in advance is recorded)
Therefore to record the inflow funds we debited cash and to record the liability/obligation to deliver such goods we credited unearned sales revenue.
Answer:
$236,900
Explanation:
Computation for net cash provided by operating activities using the indirect method
Net income $228,900
Add : Account receivables $80,000
Less: Prepaid expenses ($28,500)
Less :Inventories ($43,500)
NET CASH by OPERATING ACTIVITIES $236,900
Therefore net cash provided by operating activities using the indirect method is $236,900
Answer: Place a widget on employees’ computer screens that flashes a happy face every time the average customer wait is less than 2 minutes.
Explanation:
Good emotional display go a long way in encouraging people who work for an organization and it in turn reflects on how well they would treat the customer's. Employees are further encouraged when they are not under excessive pressure by either employer or the customer's but are rather given an environment void of worries, it helps them respond well and carefully. The customer support manager placing a widget on employees’ computer screens that flashes a happy face every time the average customer wait is less than 2 minutes sends a relief message to the employees to carry out their work with ease.
Answer:
C) 4.50 percent
Explanation:
It is given that :
Interest a corporate bond pays = 6.25 percent
The marginal percent tax bracket is given as : 28 %
We have to find the amount that the municipality bond shall pay to be the equivalent to the amount after the tax basis :
We known that the municipal bond is tax exempted after the corporate tax bond should be equal to the municipal bond to be indifferent.
Thus, rate of return = rate of return after tax = rate x (1 - tax rate)
= 6.25 % x (1 - 0.28)
= 4.50 %
Therefore the answer is = 4.50 %
Answer:
The correct option is C, rent on the restaurant building
Explanation:
The ingredients used in preparing food is variable cost as it varies with the number of plates of food prepared.
Hours worked by cooks determine how much they are paid since the longer they stay the higher the pay,hence it is a variable cost.
The rent on the restaurant building stay the same regardless of opening hours ,hence it is fixed not variable cost.
The energy costs varies with the number of opening hours, it is a variable cost.
The hours worked by servers determine how their take-home would be ,as a result it is a variable cost.
