Answer:
Journal entry would be as:
Service Charge Fee A/c.................Dr XXXX
To Cash A/c.........................................Cr XXXX
Explanation:
The bank will debit the service charge fee as it is assessed by it to the account of the company. So, cash is going out of the company and any asset is decreasing will be credited. Therefore, the cash account is credited. And it is paid or assessed against the service charge fee. Therefore, the service charge fee account is debited.
In Cafeteria plan plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her.
<h3>Work of Cafeteria Plan</h3>
Although it has nothing to do with food, a cafeteria plan receives its name from a cafeteria. Before payroll taxes are calculated, employees can select the benefits of their choosing from a pool of possibilities supplied by their employers, just like people make meal choices in cafeterias. As workforce diversity increases and workers look for more individualized benefits that are catered to their requirements, these plans become increasingly beneficial.
The insurance choices available under cafeteria plans include contributions to health savings accounts (HSAs), group term life insurance, and disability insurance.
To know more about " Cafeteria Plan", visit: brainly.com/question/25884154
#SPJ4
You multiply 13.50 and 80. Which is 1080$. I wish i got paid that much with that much hours lma.o
Answer: 2016 = 28.18 %
2017 = 40.03 %
Explanation: Cost of goods sold as a percentage of net sales can be calculated as follows :-
so by putting the values into equation for the two years :-
year 2016
= 28.18 %
year 2017
= 40.03 %
First find the interest
Principal×rate×time
460,000×0.06×(1÷12)=2,300
Second find the payment to principle
Monthly payment-interest
2,962.4−2,300=662.4
New balance
Previous balance-payment to principle
460,000−662.4=459,337.6..Answer
Hope it helps!
