Answer and Explanation:
The journal entry is shown below:
Accounts payable $1,500
To Merchandise Inventory $1,500
(being purchase returns is recorded)
here account payable is debited as it decreased the liabilities and credited the merchandise inventory as it decreased the assets
The system in which employees can arrive and leave early is known as the Flexitime system.
<h3>
What is the Flexitime system?</h3>
It is a system in which employees' flexible working timings are designed. they can start and finish work at the timings in which they are suitable.
The employees who work in this type of system are known as Flexi employees. It is considered to be the alternative to the traditional 9 to 5 working system
Some of the advantages of the flexitime system is :
- Better working environment
- The confidence of the employees is boosted up
- benefits In terms of pay and leaves
- stress is reduced
So, at willow financial consulting flexitime system is followed by the employees.
learn more about the flexitime system:
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Answer:
Post split Shares: 800,000
Post split par value: $0.25
Explanation:
Stock split seeks to increase the number of shares available for trading on the exchange thus increasing the liquidity. Stock split of 4 for 1 increases the shares by 4 times e.g. every holder of 1 share will receive total of 4 new shares. Thus the shares will increase to 4 times: (200,000 * 4) = 800,000.
Post split share price is calculated by dividing par value to the proposed split.
($1 / 4) = $0.25 per share.
Answer:
True
Explanation:
Small Business face different operational and managerial circumstances compared to <em>established</em> business.
Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.
Thus a customized accounting software is most suitable to meet the needs for small businesses
