Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
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Answer:
Find answer in the explanation below
Explanation:
Tax liability can be defined as the total amount of taxes an individual, corporation, company, etc owes a tax authority or service at a given period of time.
The Internal Revenue Service is responsible for the taxation and collection of taxes from individuals to multinationals.
tax liability can also simply be said to be the amount in taxes that is owed the government individuals downs to multinationals.
Tax liability can be found or derived from taxable incomes. This is started by deducting taxable income - tax deductions = gross tax liability
gross tax liabilty - tax credits = tax liability.
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Answer:
multi factory productivity= 2.37
Explanation:
Giving the following information:
10,000 Units Produced
Sold for $10/unit
500 labor hours
Labor rate: $9/hr
Cost of raw material: $30,000
Overhead: $15,50
To calculate the multi factory productivity, we need to use the following formula:
multi factory productivity= output/ (labor + material + overhead)
multi factory productivity= (10,000*10) / (4,500 + 30,000 + 7,750)
multi factory productivity= 2.37