The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.
<h3>What is
adjusting entry ?</h3>
An adjusting journal entry can be described d as the entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.
It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.
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Answer:
Emma can't utilise the genuine cost technique for derivation as the records are absent. Everything she can do is that she can guarantee finding based on miles driven per year.So she can utilise the automatic mileage technique for deduction.
Answer:
D. A conglomerate
Explanation:
A Conglomerate is a big corporation that is composed of a various combinations of business entities seemingly unrelated but under one corporate group. It is a big organization that has numerous products and services which vary extensively from one another. It is a big parent company comprising of many subsidiaries producing different products and offering different services. In this case, Red Empire is a conglomerate, the parent company having subsidiaries in petroleum, capital markets, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries all with their various brand names.
Answer:
My methodology would be exceptionally straight forward while referencing all the issues which I and different workers are looking under that administrator. I would pinpoint each conceivable detail while referencing/labelling the administration. In spite of the fact that I would take care that I am not spreading any pessimism about the organization, as the issue is with the immediate chief and not the organization. I would likewise speak to my kindred associates who are experiencing the equivalent to spread this word through their online life accounts too. It will squeeze the administration to make proper move against the immediate director.
Answer: $6.00
Explanation:
From the question, we can see that the productivity in the United States is (45/9) = 5 times higher than that of Mexico.
Therefore, the wages in Mexico should be 5 times lower than the wages paid to the workers in the United States. This will be:
= $30.00 / 5
= $6.00
Therefore, in order for the firm to reduce its wage cost per unit of output by moving to Mexico, the wages in Mexico must be below $6.00 per hour.
