Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.
Answer: Jack Corp's D/E ratio is 0.67.
We follow these steps to arrive at the answer:
We begin with the DuPont Identity for Return on Equity (RoE)
Substituting the values from the question in the DuPont identity we get,
So,
Substituting the value of equity multiplier in the formula above we get,
Now,
So,
Now that we have the proportions of debt and equity to total assets, we can find the Debt Equity (D/E) ratio as follows:
Substituting the values we get,
B) Your employer benefits documentation
Explanation:
Your employer benefits documentation has little to do with your taxes as it is not a part of the tax rebate schemes.
<u>Supplement income is very much a part of taxable incom</u>e, so it has to be produced.
<u>The W 2 form is the primary taxation form</u> one receives from the IRS which is to be filled while filing for taxes.
<u>Routing and bank account details need also be provided</u> to track all the income generated through supplementary and main sources of income.
Explanation:
It consists of a group of individuals which may be large or small. The group of individuals work under the direction of executive leadership. It establishes definite relationship between the divided units. It is established for the attainment of common objective.
Https://www.bartleby.com/solution-answer/chapter-2-problem-1mp-college-accounting-chapters-1-27-23rd-edition/9781337794756/mastery-problem-lisa-vozniak-started-her-own-business-we-do-windows-she-offers-interior-and/f6d28fa7-6a5b-11e9-8385-02ee952b546e