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madam [21]
2 years ago
9

Vega corporation expects to pay a 4​% bonus on net income after deducting the bonus. assume the corporation reports net income o

f $130,000 before the calculation of the bonus. the journal entry to record the accrued bonus includes
Business
1 answer:
Alex2 years ago
7 0

Hey there!

the answer is

A credit to Employee Bonus Payable, $5,000

thank you

Best regards

         OFFICIALLYSAVAGE2003

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Which of the following items is not a product cost?
sineoko [7]

Answer:

d. Transportation cost on goods delivered to customers.

Explanation:

Product cost is defined as the cost a business bears as a result of producing a product. This includes labor, cost of supplies, factory overhead costs, and cost of transporting supplies.

The cost of transporting product to the consumer is logistics cost.

8 0
2 years ago
The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes
Leokris [45]

Answer:

1. Equity is the difference between the company's assets and liabilities.

2. D. $83

Explanation:

Req. A

We know,

The accounting equation is

Total asset = total liabilities + total stockholders' equity

Therefore, total asset - total liabilities = total stockholders' equity

So, we can say that equity is the difference between the company's assets and liabilities. However, equity cannot be claimed before the liabilities. Therefore, the option "A" is the correct answer.

Req. B

                          Now Inc.

      Statement of retained earnings

For the year ended, December 31, 20XX

Beginning retained earnings (Last year)                $527

Add: Net Income (Current year)                                 176

Less: Dividend (Balancing)                                   <u>     </u><u>(83)</u>

Ending retained earning (Current year)                 $620

Calculation: $(527 + 176 - 620) = $83

Therefore, the option "D" is the correct answer.

3 0
2 years ago
Free if I am voted brainiest and like!<br> Next time will be Moree than 50.... :)
PolarNik [594]

Answer:

huh?

what?

is this fReEeE?

4 0
2 years ago
Electronic Superstore's inventory increases during the year by $4.5 million, and its accounts payable to suppliers increases by
Gnom [1K]

Answer:

$38.0 millions

Explanation:

Cash paid to suppliers of merchandise  = Cost of Goods Sold + Increase in inventory - Increase in accounts payable

Therefore, we have:

Cash paid to suppliers of merchandise = $40.0 millions + $4.5 millions - $6.5 millions = $38.0 millions

7 0
3 years ago
After locating and defining problems or issues, the next step in the marketing research process is to _____________. a. collect
Hitman42 [59]

Answer:

Design the research project.

Explanation:

Marketing research can be defined as the process in which information about a particular product that is to be sold in the market is assembled and studied. Market research also analyses information about the potential customers, their spending habits, the amount of competitors in the market and also the location of the product target market.

There are two types of data involved in market research:

1) Primary information: This is the information that is assembled by the individual person.

2) Secondary information: This is the information that has already been gathered and analysed by other people.

There are five steps that are involved in marketing research process.

1) Locating and defining problems.

2) Designing the research project.

3) Collecting data.

4) Interpreting the data gotten from the research.

5) Reporting research findings.

4 0
3 years ago
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