Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
Explanation:
Productivity is the efficiency of a machine or a man to convert any raw material into finished products. The conversion of raw materials into useful outputs is termed as productivity.
Basically, how much output a man or a machine can give in a specific time period which is a useful output is productivity. Many industries or companies pays their employees on the basis of productivity. Efficient uses of labour, capital, raw material to bring effective and efficient outputs.
Lewin's three stage change process include the steps 'Unfreeze', 'Change' and 'Refreeze'. Jeenny's decision to recruit five employees illustrates the 'Unfreeze' step. It is the first step in a change management process. This step includes determining what needs to be changed. After she discovered that not delivering the customer orders on time is the problem and that is due to the insufficient manpower, she has decided what to do. This resembles the 'Unfreeze' step in the Lewin's three stage change process.
Answer:
=$434
Explanation:
FUTA and SUTA tax rate are applied to the first $7,000 of an employee's pay. Here the employee earned $8,900 but we will only tax the $7,000 due to the pre-condition of taxing the initial $7,000 amount.
FUTA tax rate = 0.8%
SUTA tax rate = 5.4%
Taxable pay = $7,000
Payable Tax = 7000(0.8%) + 7000(5.4%)
= 56 + 378
=$434
The amount of total unemployment taxes the employer must pay on this employee's wages is $434.
Answer:
The correct answer is option A.
Explanation:
When the surgeon general announces that eating apples is good for teeth, it would increase the demand for apples. The demand curve will shift rightwards. This will further lead to increase in price level. The producer surplus will also increase.
This is shown in the graph below:
When there is an increase in the demand, the demand curve moves to D' leading to an increase in the price level. It is further accompanied by an increase in the producer surplus.
