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3 years ago

________ is the amount an employee earns before payroll withholding is performed.

Business

2 answers:

weqwewe [10]3 years ago

4 0

I think the answer is B) Gross pay

izzie

2 years ago

That is correct :)

Allisa [31]3 years ago

3 0

Answer:

I think the answer is net pay

izzie

2 years ago

I'm sorry but that's wrong

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_____ refer to special temporary project structures established by a company that are isolated from the rest of the organization

Irina18 [472]

Answer:

Skunkworks

Explanation:

The term skunkworks is mostly used in business and also the technical fields to describe a group that is within an organization that has high autonomy and have tasks that requires them to work on advanced or secret projects. They are allowed to operate outside the usual processes such that they have the freedom to come up with new ideas.

3 0

3 years ago

Watts Corporation made a very large arithmetical error in the preparation of its year-end financial statements by improper place

daser333 [38]

Answer:

a prior period adjustment

Explanation:

A prior period adjustment -

It is the correction of the accounting error which took place in the past and was written in the prior year of financial statement , net of the income taxes , is known as a prior period adjustment .

It is the method to fix the previous problem of past during the reporting .

hence , the correct term fro the given statement is a prior period adjustment .

5 0

3 years ago

At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $673,000. Chan records it

Rudiy27

Answer:

bad debt expense 2,019 debit

allowance for uncollectible amount 2,019 credit

--to record estimated bad debt expense--

allowance for uncollectible amount 337 debit

accounts receivables 337 credit

--to record write-off of P.Park Account--

accounts receivables 337 debit

allowance for uncollectible amount 337 credit

--to reverse write-off of P-Park account--

cash 337 debit

accounts receivables 337 credit

--to record collection of P-Park account--

Explanation:

bad debt expense 673,000 x 0.30% = 2,019‬

The write off decreases both, the allowance and accounts receivables

As Park pay up his old debt, the entry is reversed. Then we record the collection as normal.

6 0

3 years ago

When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods co

NNADVOKAT [17]

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

While deciding where to sell, export and import laws are not insuperable for managers to rely on a country that is a large consumer of goods imported from native countries.

Many products sold to a foreign investor need no export license. Both products are however subject to the laws and legislation on export control.
The easiest way to find if an item needs an export license is to verify which authority has control over the commodity you are attempting to sell, or controls it.

7 0

3 years ago

Tinker Bell Company has the following: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8

Flauer [41]

Answer:

Question 1

b. $100,000

Question 2

(a) Goods held on consignment from another company.

Explanation:

Question 1

Calculation to determine what the cost of the ending inventory under LIFO is

Using this formula

Cost of the ending inventory =(Inventory, Jan. 1 Units*Cost )+[(Dec 31 Units on hand- Inventory, Jan. 1 Units)*Purchase, June 19 Cost ]

Let plug in the formula

Cost of the ending inventory =(8,000 * $11) + (1,000 *$12)

Cost of the ending inventory =$88,000+$12,000

Cost of the ending inventory =$100,000

Therefore the cost of the ending inventory under LIFO is $100,000

Question 2

GOODS HELD ON CONSIGNMENT FROM ANOTHER COMPANY should NOT be included in the PHYSICAL INVENTORY of a company but rather be included in the inventory of the sender of the goods which is the CONSIGNOR.

6 0

3 years ago