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madam [21]
3 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:
Alex3 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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Need some help with the 5,6 and 7 please. Thank you for your time :)
Genrish500 [490]

Answer:

5. yes country x is 3 times better off than country y.

8 0
3 years ago
Marigold Corp. self-insures its property for fire and storm damage. If the company were to obtain insurance on the property, it
DENIUS [597]

Answer:

loss on fire and storms 710,000

insurance expense zero as the firm didn't acquire any

Explanation:

Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.

If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.

Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.

8 0
3 years ago
Why do market fail? <br> A) merit good <br> B) storage<br> C) misusing the powers
Nimfa-mama [501]
The answer is C because you can't misuse your powers in business
8 0
3 years ago
Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6,100, $11,100, and
Tomtit [17]

Answer:

Total PV= $25,072.57

Explanation:

Giving the following information:

Cash flows:

Cf1= $6,100

Cf2= $11,100

Cf3= $17,300

Discount rate= 15%

<u>To calculate the present value, we need to use the following formula on each cash flow:</u>

PV= Cf / (1+i)^n

PV1= 6,100 / 1.15= 5,304.35

PV2= 11,100 / 1.15^2= 8,393.19

PV3= 17,300 / 1.15^3= 11,375.03

Total PV= $25,072.57

4 0
3 years ago
The manufacturing overhead budget at Amrein Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
Sergeeva-Olga [200]

Answer:

$51,790

Explanation:

Amrein Corporation Manufacturing Overhead Budget

August

Budgeted direct labor-hours 2,500

Variable manufacturing overhead rate $5

Variable manufacturing overhead $12,500

($2,500×$5)

Fixed manufacturing overhead $43,010

Total manufacturing overhead $55,510

($43,010+$12,500)

Less depreciation 3,750

Cash disbursement for manufacturing overhead $51,790

Therefore the August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $51,790

5 0
3 years ago
Read 2 more answers
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