The African American women is afraid that she will be racially profiled by the workers/customers in the upscale shop.
Net loss is when expenses exceed the income or total revenue produced for a given period of time
Answer and Explanation:
The journal entry to record the cash sales is shown below:
Cash $82,680
To Sales $78,000 ($82,680 × 100 ÷ 106)
To Sales taxes payable $4,680 ($82,680 × 6 ÷ 106)
(Being the cash sales is recorded)
Here cash is debited as it increased the assets while on the other hand the sales and sales tax payable is credited as it increased the revenue and liability
Answer:
The pension expense for the year is $94,130
Explanation:
The computation of the pension expense is shown below:
= Service cost + Interest cost - expected return of plant
where,
Service cost = $61,000
Interest cost = PBO, January 1 × discount rate
= $910,000 × 10%
= $91,000
Expected return on plant asset = Plan assets (fair value), January 1 × Long-term expected return on plan assets
= $643,000 × 9%
= $57,870
Now put these values to the above formula
So, the value would equal to
= $61,000 + $91,000 - $57,870
= $94,130
