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torisob [31]
3 years ago
9

Employers may review your _______ to learn more about you.

Business
2 answers:
spin [16.1K]3 years ago
7 0

Answer:

social media websites

Explanation:

zhannawk [14.2K]3 years ago
3 0

Answer:D

Explanation:i just did it on APEX

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On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The ra
olga_2 [115]

Answer and Explanation:

1.1 The Journal Entry is shown below:-

a. Cash Dr, $5,400

     To Sales $5,400

(Being Sales Held is recorded)

b. Warranty Expense Dr, $330  

Estimated Warranty Liability $330

(Being warranty expense recognized is recorded)  

($5,500 × 6%)

c. Estimated Warranty Liability Dr, $435

       To Inventory $435

(Being warranty Executed is recorded)  

(29 razors × $15)

d. Cash Dr, $16,200  

       To Sales $16,200

(Being Sales Held is recorded)

e. Estimated Warranty Liability Dr, $360

        To Inventory $360

(Being Warranty Executed is recorded)

(24 × $15)

f. Warranty Expense Dr, $972

           To Estimated Warranty Liability $972

(Being warranty expense recognized is recorded)

($16,200 × 6%)

2. The computation of warranty expense is reported for November 2016 and December 2016 is shown below:-

Warranty Expense for Nov 2016 = $5,500 × 6%

= $330

Warranty Expense for Dec 2016 = $16,200 × 6%

= $972

3. The computation of warranty expense is reported for January 2017 is given below:-

Warranty Expense for Jan 2017 =$10,800 × 6%

= $648

4. The computation of balance of the Estimated Warranty Liability account as of December 31, 2016 is given below:-

Balance of Estimated Warranty Liability on 31 Dec 2016 = Estimated Warranty Liability For Nov 2016 + Estimated Warranty Liability For Dec 2016 - Warranty Claim in Dec 2016

= $330 + $972 - $648

= $654

5. The computation of balance of the Estimated Warranty Liability account as of December 31, 2017 is given below:-

Balance of Estimated Warranty Liability on 31st Jan 2017 = Balance of Estimated Warranty Liability on 31 Dec 2016 + Estimated Warranty Liability for Jan 2017 - Warranty Claim in Jan 2017

= $654 + $648 - (29 × $15)

= $654 + $648 - $435

= $867

6 0
3 years ago
Question 7 (Multiple Choice Worth 4 points)
Stolb23 [73]

In a situation wherein Country Y has a progressive tax system for income, with no credits or deductions, a CEO earning $2.5 million per year would pay the most as a percentage of income in the country Y. Therefore, the option D holds true.

<h3>What is the significance of a progressive tax system?</h3>

A progressive tax system can be referred to or considered as a system wherein the percentage of tax to be levied increases with an increase in the total taxable income for an individual. The rates of taxation under this system are defined under percentage.

In the situation given above, when a CEO in country Y earns $2.5 million, i.e., more than any other person mentioned above, he will be the one who will have to pay the most taxes as a part of percentage of his income.

Therefore, the option D holds true and states regarding the significance of the progressive tax system.

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4 0
1 year ago
Read 2 more answers
All sources of income is also known as which of the following
mariarad [96]
It is name nontaxiable
6 0
3 years ago
question content area the operating expense recorded from uncollectible receivables can be called all of the following except a.
Lyrx [107]

he operating expense recorded from uncollectible receivables can be called all of the following except c. bad receivables expense.

Customers' outstanding debts for goods or services they have received but haven't yet paid for are referred to as accounts receivable. For instance, the amount owing when clients buy things on credit is added to the accounts receivable. It is a debt incurred as a result of a commercial transaction.

The term "accounts receivable" describes the unpaid bills or cash that customers owe a business. The term describes accounts that a company is entitled to get since it has provided a good or service.

Receivables, also known as accounts receivable, are a company's line of credit that typically include terms that call for payments to be made within a somewhat short time frame. Usually, it varies from a few days to a fiscal or calendar year.

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6 0
1 year ago
In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged fro
harina [27]

Reorganization

<u>Explanation:</u>

Revamping may allude to the restoration of an organization's funds as per a liquidation. It can likewise allude to any procedure that influences the duty structure of an organization. Furthermore, revamping may allude to a merger or obtaining or offer of an organization that changes the proprietorship, stock, or lawful and the executive's structure.

The redesign is a conventional court-managed procedure of rebuilding an organization's funds after chapter 11. As per insolvency laws, explicitly Chapter 11, an organization is given security from lenders during the timespan when the organization proposes and a liquidation court audits and affirms a particular revamping plan. The rearrangement is planned to reimburse lenders to the most extreme degree conceivable and to rebuild the organization's accounts, the executives, and tasks to keep a similar issue from emerging once more.

8 0
3 years ago
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