Solution:
Given,
Total assets = $6408000
Net income = $503000
Now , to calculate corrected amount for total assets and net income for the year :
503000 + 137000 = 640,000
The corrected amount for total assets and net income for the year : 640,000
Answer: How is compound interest different from simple interest?
Explanation: Simple interest is interest payment is calculated on only the principal amount; whereas compound interest is interest calculated on both the principal amount and all the previously accumulated interest.
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Answer:
Explanation:
1. plant trees
2. save electricity and natural resources
Answer:
The correct answer is a. external recruiting
.
Explanation:
An external recruitment process, as its name implies, is the interest of a company to choose the best talent necessary to fill a certain task considering only personnel who are not directly related to the operation or are known to an employee. An external process is usually a little more delayed considering that it must exhaust several stages in order to determine the profile that best fits the internal need.
Answer:
1.
Salaries Expense $3,920 (debit)
Salaries Payable $3,920 (credit)
2.
Profit and Loss Account $271,470 (debit)
Salaries Expense $271,470 (credit)
Explanation:
1. Recognize an Expense : Salaries Expense and also recognize a liability : Salaries Payable.
2.The Salaries Expense is closed off to the Profit and Loss Account.
