Ideally, management should compare its budget to Actual <span>performance every month in order to determine if the company is performing as expected.
By doing this, the management could create some sort of financial control to prevent the company from bleeding out its budget without gaining a sustainable amount of profit</span>
Answer:
Explanation:
The adjusting entries are shown below:
A. Interest expense A/c Dr $370
To Interest Payable $370
(Being accrued interest adjusted)
B. Accounts receivable A/c Dr $1,830
To Service revenue A/c $1,830
(Being unbilled amount recorded)
C. Salary expense A/c Dr $900
To Salary Payable $900
(Being earned salaries are recorded)
Explanation:
Best careers for ENFJ personality types
Guidance counselor. ENFJs' highly empathic nature makes them very good at counseling others. ...
Teacher. ...
Public relations account manager. ...
Sales manager. ...
Art director. ...
Human resources director.
Answer: $22,500
Explanation:
First calculate the rate of allocation based on sales to determine how much of Department T's sales should be attributed to Advertising.
The Rate of Allocation based on Sales = Advertising Expense/Total sales
= 50,000/475,000
= 0.105263
= 10.5263%
This 10.5% can then be used to find out how much of Advertising to apportion to Department T based on department sales,
= Department sales * Allocation rate
= 213,750 * 10.5263%
= $22,500
$22,500 should be allocated to Department T.