Answer:
a. First set of entries:
Debit: Accounts receivable with $2,000
Credit: Bad debt expenses with $2,000
b. Second set of entries:
Debit: Cash with $2,000
Credit: Account receivables $2,000
Explanation:
These entries will appear as follows in the book Gideon Company on July 10:
Details DR ($) CR ($)
Accounts receivable 2,000
Bad debt expenses 2,000
<em>Being the transfer of the bad debt recovered back to the accounts receivable.</em>
Cash 2,000
Account receivables 2,000
<em>Being the cash income received in respect of bad debt recovered.</em>
Answer:
C. Part-time employees should be compensated with an hourly wage
because the number of hours they may work each month
changes
<u>Multiple-choices</u>
employee is compensated?
A. Part-time employees should be compensated with a salary
because the number of hours they may work each month
changes
O
B. Part-time employees should be compensated with an hourly wage
because the number of hours they work each month is always the
same.
O
C. Part-time employees should be compensated with an hourly wage
because the number of hours they may work each month
changes
O
D. Part-time employees should be compensated with a salary
because the number of hours they work each month is always the
same.
Explanation:
Part-time workers are called to duty on a need basis. Usually, part-time workers are assigned specific tasks to perform is within a particular duration. Their contribution is measured in terms of hours worked or completed units of output.
Part-time workers contrast with full-time workers who report for duty every working day. Part-time workers are not required to work for certain hours per week or month like full-time workers. The number of hours that a part-time worker works in a week varies from time to time. Therefore, the best way of compensating them is through an hourly rate.
Answer:
$467,023
Explanation:
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = (Selling price per unit - variable cost per unit) × number of units - fixed cost
= ($339 - $168) × 5,700 units - $425,000
= $549,700
Income tax expense = (Selling price per unit - variable cost per unit) × number of units - fixed cost × tax rate
= ($339 - $168) × 5,700 units - $425,000 × 0.21
= $115,437
And, the depreciation expense would be
= Depreciation expense × tax rate
= $156,000 × 0.21
= $32,760
Now put these values to the above formula
So, the value would equal to
= $549,700 + $32,760 - $115,437
= $467,023
<span>In the first stage of the marketing research approach, "defining the problem", the research objective is set.
</span>
The Marketing research process refers to an arrangement of five stages which characterizes the errands to be expert in directing an advertising research study. These incorporate issue definition, building up a way to deal with issue, look into plan detailing, field work, information planning and investigation, and generating report and introduction.
Answer:
Only 1
Service Revenue
Explanation:
Dividends are debited against net income after taxes, and increase only if credited. As the dividends are recorded as liability till they are not paid in account dividend payable, but individually dividend account has debit balance.
Insurance Expense, as said all expenses are debited.
Will only increase when it will be debited.
Cash account displays an asset, and all assets have debit balance and therefore, it will increase with debit only and not with credit.
Service Revenue is an income and incomes are credited, therefore, it will increase with every credit.
