Is there anymore answers so i can help u? but i feel like it would be sense of humor.
Answer:
Macy is liable. The Federal Trade Commission states that both the credit rating agency and Macy's are responsible for correcting the erroneous credit report. It is very hard to sue and win a credit rating agency because they will place the blame on the company that made the initial mistake (Macy's), but lately courts have accepted cases against the companies that cause all this mess.
Courts have lately ruled in favor people alleging that a bad credit report damaged them since a good credit rating is considered an intangible asset. The company that cause the mistakes are liable for any possible damages resulting from a poor credit rating.
Explanation:
The journal entries are shown below:
1. Salaries expense A/c Dr $1,200 ($400 × 3 days)
To Salary payable A/c Dr $1,200
(Being the accrued salary is recorded)
The 3 days are calculated from December 28 to December 31
2. Salaries expense A/c Dr $4,400 ($400 × 11 days)
Salary payable A/c Dr $1,200
To Cash A/c $5,600
(Being the payment is recorded)
3. Now the adjusted balance of Salaries Payable is
= Salaries Payable before adjustment in 2015 + Adjusted balance
= $0 + $1,200
= $1,200
Answer:
Predetermined manufacturing overhead rate= $14.77 per direct labor hour
Explanation:
Giving the following information:
Estimated overhead cost for the period= $325,000
Estimated total direct labor hours for the period= 22,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 325,000 / 22,000
Predetermined manufacturing overhead rate= $14.77 per direct labor hour
Look this up this is really hard to understand
