An employee is found to have grossly mistreated a client, which the employee has never done before is Termination.
A person engaged by an employer to do a certain task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work. Employees receive advantages that contractors do not in return. A person who completes particular responsibilities for a company in exchange for regular payment is called an employee.
Employees and employers often agree on a salary and benefits packages, such as vacation time and overtime pay.
Employers assume the financial risk of the venture in exchange for greater control over the employee's work, which distinguishes them from independent contractors.
An employee may have a temporary, part-time, or full-time job assignment.
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Answer:
$24,000
Explanation:
Since in the question it is given that the 3% of credit sales is considered to be a bad debt expense
where,
Credit sales is $800,000
And, the estimated percentage is 3%
So by considering this above information, the amount debited to bad debt expense is
= $800,000 × 3%
= $24,000
All the other information i.e to be given is not relevant. Hence, ignored it
The 30 min operation is 20
the 1 hr operation is 10
and the 2 hr operation is 5
AnswerEnterprise Fund Dr. 1,300,000
Pension Fund CR. 1,300,000
Narration recognition of outstanding pension fund.
Note This will throw the Enterprise fund into a deficit of $520,000
To provide for the deficit
Income Dr. 520,000
Enterprise fund CR 520,000
Narration. Recognition of pension not covered by asset.
