Answer:
7. $41,000
Explanation:
7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).
Question Completion:
Multiple Choice
:
a. Family Medical Leave Act
b. Americans with Disabilities Act
c. Pregnancy Discrimination Act
d. Age Discrimination in Employment Act
e. All of these answers are correct
Answer:
The law/regulation which applies to the benefits the company may utilize is:
a. Family Medical Leave Act
Explanation:
The Family and Medical Leave Act of 1993, gives employees the opportunity to take leave from their work for specific family and medical reasons without affecting their normal annual leave. Unlike the other laws mentioned, which attempt to prohibit discrimination against persons with disabilities, (Americans with Disabilities Act 1990), against Pregnancy (Pregnancy Discrimination Act of 1978), and against age (Age Discrimination in Employment Act 1967), the Family and Medical Leave Act provides benefits to employees.
It should be noted that Perhaps ahead of the times, Talcott Parsons warned of the dangers of the coalescing interests of the top leaders of business, politics, and the military.
<h3>Who is Talcott Parsons?</h3>
Talcott Parsons can be regarded as American sociologist which was famous for structural functionalism.
He stressed about the dangers of the coalescing interests of the top leaders of business, politics.
Learn more about Talcott Parsons at;
brainly.com/question/917245
I believe the answer is: Speculation helped many low-income people move to the middle class.
Due to the early development of industrial economy in the 1920s, the stock market experienced a period where most of company's value keep increasing over several years forward. This make a lot of people manage to grow their investment very quickly and obtain a lot of wealth.
<u>Solution:</u>
Deffered revenue means when an organization receives the payment prior to the goods delivered to conusmer. In the given case, business receives $3000 on 1, January for ten month service (From january to October).
<u>The revenue per month needs to be calculated:</u>
Revenue per month = Revenue for ten months divided by Total number of months
By putting the figures we get,
Revenue per month = $3000 divided by 10 = $300 per month
An adjusting entry needs to be passed:
Date Particulars debit credit
31st jan Unearned Revenue $300
Service Revenue $300
( Service revenue that has been collected in advance)
