I would say that legal counsel should be sought to determine the rights of both the employee and the employer in this case, while also discussing it with human resources and other supervisors for back-up tips on how to handle this problem.
Answer:
$1,080
Explanation:
Calculation for the amount that should be debited to Bad Debts Expense
Using this formula
Bad Debts Expense=Net Sales× Percentage of net credit sales uncollectible.
Let plug in the formula
Bad Debts Expense=180,000 credit×0.6%
Bad Debts Expense=$1,080
Therefore the amount that should be debited to Bad Debts Expense when the year-end adjusting entry is prepared will be $1,080
Answer:
The branch of the US government that has the power to "lay and collect taxes" is:
the Congress, according to Article I, Section 8.
Explanation:
The Congress is made up of the people's elected representatives. As such, people's consent and approval are always sought and given through the Congress for the laying and collection of taxes. The IRS is a creation of Congress. Congress empowers it to collect taxes. Even when the Executive branch proposes tax changes, they are subject to the approval of the Congress.
Answer:
The correct answers are: (a) Corporation; (b) Corporation; (c) Sole Proprietorship; (d) Sole Proprietorship and Partnership; (e) Corporation.
Explanation:
A series of associated characteristics are identified, according to the Missouri Small Business and Technology Development Centers. Depending on the structure of the organization, it is divided into Sole Proprietorship, Partnerships, Corporations. For example, a corporation is a company, a group of people or an organization authorized to operate as a single entity (legal entity).
Registered corporations have legal personality and the owners are the shareholders, whose legal responsibility is limited to their investment. Generally the shareholders do not manage the corporation, it is common that they choose a board of directors to control the operations.
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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.
Answer: See explanation
Explanation:
1. The participation of women in the U.S. labor force has risen dramatically since 1970.
A. True
2. This rise likely decreased GDP in the United States.
B. False
The above is false. This is because a rise in the participation of women in the labor force would lead to the increase in production in the country and this will bring about a rise in the gross domestic product as well.
3. Now imagine a measure of well-being that includes time spent working in the home and taking leisure.
There'll be a reduction in the measure of well being. This is because more women would have joined the labor force which would have reduced the time spent working in the home and taking leisure.
4. The change in this measure of well-being would be less than the change in GDP.
The measure of well being would fall as more women would work and leisure would reduce. Ultimately, the GDP would rise since there would be an increase in production activities.
