Answer:
The Solution is given below in the
Explanation:
Requirement 1: Solution
Entries Debit Credit
Employee Benefits Expense $55,500
Medical insurance payable $45,500
Retirement program $10,000
Requirement 2: Solution
As the retirement program money is paid after 5 years it should be classified as a non-current liability as per the International accounting standard(Presentation of financial statements).
Answer:
A.
Dr merchandise inventory 47,040
Cr Account payable 47,040
B.
Dr Account payable 7,350
Cr merchandise inventory 7,350
C.
Dr Account payable 39,690
Cr Cash 39,690
D.
Dr Account payable 39,690
Dr Purchase discount 810
Cr cash 40,500
Explanation:
Stylon Co. Journal entry
A.
Dr merchandise inventory 47,040
Cr Account payable 47,040
(48,000-(48,000×2%)
B.
Dr Account payable 7,350
Cr merchandise inventory 7,350
(7500-(7500×2%)
C.
Dr Account payable 39,690
Cr Cash 39,690
(47,040-7,350)
D.
Dr Account payable 39,690
Dr Purchase discount 810
(48000-7500)×2%
Cr cash 40,500
Hope it helps! ///////////
Answer:
The correct answer is 414 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the labor force by using following formula:
Labor force = Total unemployed + Total employed
By putting the value in the formula, we get
= (20 + 29 + 16 + 30 + 18 + 23) + ( 39 + 52 + 36 + 56 + 41 + 54)
= 136 million + 278 million
= 414 million
Answer:
$651
Explanation:
For computation of Break-even monthly rent per apartment first we need to find out the monthly rent which is shown below:-
Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs
= $940 + ($1,440 ÷ 12) + ($900 ÷ 12) + (2 × ($1,000 ÷ 12)
= $940 + $120 + $75 + $167
= $1,302
Break-even monthly rent per apartment = Monthly costs ÷ 2
= $1,302 ÷ 2
= $651
Therefore we have applied the above formula.
We ignored the income tax as it is not relevant also it is tax deductible expense
