<span>if you are an employee who is not working on a commission basis, then most likely, you are working as a salary based employee. Your salary would usually be based on your going rate or your market value to the employers. Based on your caliber, the employers will decide what your salary would be. For example, if you are a fresh grad, you will start with an entry level salary while if you are a manager, you will obviously be receiving a higher salary.</span>
Answer:
Given that,
sold a paging system = $4,500
Sold extended warranty = $1,400
The journal entry to record this transaction would include:
(i) cash account Dr. $4,500
To Sales A/c $4,500
(To record the sales)
(ii) Cash A/c Dr. $1,400
To Unearned revenue A/c $1,400
(To record the service revenue)
Answer:
the price of coffee will decrease
Explanation:
the price of coffee will decrease because the demand of coffee is clearly greater than the supply, hence in order to reach the point of equilibrium again (a point where demand equals supply), the price is to decrease
Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
Answer:
No, it will not be fair at all in judging any employee on the basis of his or her social media usage, until or unless that employee is interfering in any of the organisational domain in a negative way. Its the basic right of any worker that he can spend his private time in whatever way he or she likes. Social media has become one the important needs in the modern world today, if an employee is using social media for his private leisure time than it all depends on him or her BUT the usage of social media in the working hours should be seen carefully and the employee must restrict himself from it during his official working hours.
