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4 years ago

What is one reason many firms hire temporary workers to do a particular job?

Business

2 answers:

earnstyle [38]4 years ago

6 0

A. Flexible work arrangements

Anettt [7]4 years ago

5 0

A.) is correct, just completed this quiz

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Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30. (Assume a 360-day year

olasank [31]

Answer and Explanation:

The journal entries are shown below:

On Aug. 1

Merchandise Inventory $75,000

To Accounts Payable $75,000

(Being the purchase of merchandise inventory is recorded)

For recording this we debited the merchandise inventory as it increased the assets and credited the account payable as it also increased the liabilities

On Sept. 1

Accounts Payable $75,000

To Notes Payable $75,000

(Being the issued of note payable on the account is recorded)

For recording this we debited the account payable as it decreased the liabilities and credited the note payable as it increased the liabilities

On Nov. 30

Notes Payable $75,000

Interest Expense $1,125 ($75,000 × 6% × 90 days ÷ 360 days)

To Cash $76,125

(Being cash paid is recorded)

For recording this we debited the note payable and interest expense as it decreased the liabilities and increased the expense and credited the cash as it decreased the assets

8 0

3 years ago

A company used straight-line depreciation for an item of equipment that cost $15,350, had a salvage value of $3,200 and a six-ye

Thepotemich [5.8K]

Answer:

The correct answer is $2,580.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.

Accumulated depreciation at Year 3 = $2,025 x 3 = $6,075

Net book value (NBV) becomes $15,350 - $6,075 = $9,275

New depreciation is ($9,275 - $1,535) / 3 years = $2,580 yearly depreciation expenses

7 0

3 years ago

Hello Everyone!!Eid Mubarak to you and your family!! Stay blessed!!

noname [10]

Hiii Eid Mubarak to you too! Stay safe!!

4 0

3 years ago

You are deciding whether to buy a stock in Company X or Company Y. Both companies need $1,000 capital investment and will earn $

lyudmila [28]

You would buy stock from company y

4 0

3 years ago

George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2020, George began working

lakkis [162]

Answer:

2020 = $212,086

2021 = $192,400

Explanation:

To determine George's gross income in 2020 and 2021 we need to calculate the amount that george can exclude from the gross income for both years.

George's gross income in 2020

George can exclude amount from his gross income = $107,600 x 214/366 (Lower of foriegn earned income $275,000 or foriegn earned income exclusion ceiling of $107,600 for 2020)

George can exclude amount from his gross income = $62,914

Therefore

George's gross income in 2020 = $275,000 - $62,914 ($100,000 + $175,000)

George's gross income in 2020 = $212,086

George's gross income in 2021

George can exclude the amount from his gross income = $107,600 x 365/365 (Lower of foreign earned income of $300,000 or foreign earned income exclusion ceiling of $107,600 for 2021)

George can exclude the amount from his gross income = $107,600

Therefore

george's income in 2021 = $300,000 - $107,600

george's income in 2021 = $192,400

7 0

3 years ago