Answer:
first I will journalize the adjustments:
a. Received a $510 utility bill for electricity usage in July to be paid in August.
Dr Utilities expense 510
Cr Accounts payable 510
b. Owed wages to 15 employees who worked two days at $55 each per day at the end of July. The company will pay employees at the end of the first week of August.
Dr Wages expense 1,650
Cr Wages payable 1,650
c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $660 for one full year of interest. No interest has been recorded yet.
Dr Interest receivable 660
Cr Interest revenue 660
effects on the accounting equation:
Assets = Liabilities + Equity
a. 0 510 -510
b. 0 1,650 -1,650
<u>c. 660 0 660</u>
660 2,160 -1,500
Revenue - Expenses = Net income Cash flow
a. 0 510 -510 0 OA
b. 0 1,650 -1,650 0 OA
<u>c. 660 0 660 0 OA</u>
660 2,160 -1,500 0 NC
The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
- The use of SSA Notice of Award or any equivalent document “does not have a defined expiration date
- The use of income from this source that qualifies income.
<h3>How do you calculate disabilities?</h3>
In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.
One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.
Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
- The use of SSA Notice of Award or any equivalent document “does not have a defined expiration date
- The use of income from this source that qualifies income.
Learn more about disability payments from
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Answer: A) The United States felt if Europe was financially stable then communism would be less likely to spread.
Explanation: One of the major goal of the United States in giving financial aids to Europe and Latin America was to assist in rebuilding the war-torn regions, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of Communism. This was known as the European Recovery Plan in 1948 which was to send foreign aid to Western Europe. During this period, the United States transferred over $12 billion dollars in economic recovery programs to Western European economies after the end of World War II.
Answer:
C : accept the offer because it will produce net income of $12,600.
Explanation:
In this question we have to compare the cost which is presented below:
In the first case
The variable cost would be
= Number of units buys × variable cost per unit
= 4,200 units × $67
= $281,400
And, the selling cost would be
= Number of units sold × selling price per unit
= 4,200 units × $70
= $294,000
So, the difference would be
= $294,000 - $281,400
= $12,600
This is because the unemployment rate give only takes into account people that are unemployed and are looking for work. It does not account for those that are unemployed and have given up.
ex) A woman who looses her job because of technological advances is looking for work and is considered unemployed (taken into account), however a man who has tried looking for work after he was laid off has given up (not counted)
ex) A woman lost her job during the depression and cant seem to get a job with her limited skills. She has given up and is not counted in the unemployment rate
