Answer:
a. The regular semimonthly earnings
regular semimonthly earnings = [34 hours + 34 hours + (10 hours - 2 hours)] x [$2,437 / (34 hours x 4)] = 76 hours x $17.92/hr = $1,361.85
b. The overtime earnings
overtime earnings = 2 hours x [$2,437 / (34 hours x 4)] x 1.5 = $53.76
c. The total earnings
total earnings = $1,361.85 (regular earnings) + $53.76 (overtime earnings) = $1,415.61
A home you can live in it longer than when you rent a home.
Answer:
See Below
<u>QUESTION TWO.</u>
contents of GRN
Explanation:
GRN stands for goods received note. GRN is prepared by the purchasing entity to confirm receipt of goods ordered. The store's department prepares the GRN in multiple copies, confirming that the goods received are of the right quantity as what was ordered. One the copies is sent to the accounts department.
The components of A good received note include
1. The name of the supplier
2. The type or types of products delivered
3. Quantities delivered of each product
4. Date and time of delivery
5. Name and signature of the supplier
6. Name and signature of the store's representative
Answer:
amount debited to bad debt expenses = $4794
so correct option is C.$4,794
Explanation:
given data
Outstanding account receivable = 95250
credit balance of allowance for doubtful account = 921
rate = 6 %
solution
we get here Allowance for doubtful accounts that is
Allowance for doubtful accounts = 6 % of 95250
Allowance for doubtful accounts = 5715
and
so here amount should be debited to bad debt expenses is
amount debited to bad debt expenses = 5715 - 921
amount debited to bad debt expenses = $4794
so correct option is C.$4,794
Answer:
8.5
Explanation:
The company interest expense is $26,000
The income tax is $221,000
The net income is $106,100
Therefore the company times interest earned ratio can be calculated as follows
= Income tax/interest expense
= 221,000/ 26,000
= 8.5
Hence the company times interest earned ratio is 8.5