1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anit [1.1K]
3 years ago
9

On March 1, 2012, Freeze Company hires a new employee who will start to work on March 6. The employee will be paid on the last d

ay of each month. Should a journal entry be made on March 6? Why or why not?
a. Yes, the company is now obligated to pay the employee, thus that event must be recorded.b. No, hiring an employee is an important event; however, it is not an economic event that should be recorded.
c. Yes, failure to record the event would cause the financial statements to be misleading.
Business
1 answer:
Art [367]3 years ago
7 0

Answer:

B. No.

Explanation:

We do not need to give a journal entry for a non-economic event. Non-economic event means where there are no monetary transactions. As the company hires new employees who will start working on March 6, it is an event, but we cannot value this event in monetary form. Therefore, no journal entry is required to post.

You might be interested in
Calculate percent change if the original value of your stock was $25 and the new value of your stock $30
crimeas [40]

Answer:

Percentage Change | Increase and Decrease

First: work out the difference (increase) between the two numbers you are comparing.

Increase = New Number - Original Number.

Then: divide the increase by the original number and multiply the answer by 100.

% increase = Increase ÷ Original Number × 100.

Explanation:

thats how you find out how to calculate percentage change in value

hope it helps

6 0
2 years ago
Read 2 more answers
A customer buys 1,000 shares of XYZZ stock in a margin account and pays the required 50% margin on settlement date. The customer
expeople1 [14]

Answer:

This request cannot be honored because the securities must be paid for, in full, to process a transfer and ship request

Explanation:

7 0
3 years ago
Davidson company received $80,000 from the issuance of bonds, paid cash dividends of $10,000, sold long-term investments for $12
pentagon [3]

Based on Davidson Company's cash from bonds, and cash dividends paid, the net cash flow from financing activities is $70,000.

<h3 /><h3>What is the net cash from financing activities for Davidson Company?</h3>

The financing activities have to do with debt, and stock.

The net cash from financing acitivities is therefore:

= Bond issuance - Cash dividends paid

Solving gives:

= 80,000 - 10,000

= $70,000

In conclusion, the net cash from financing is $70,000.

Find out more on financing activities at brainly.com/question/14441404.

8 0
2 years ago
Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
SVETLANKA909090 [29]

Answer:

The production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

Explanation:

given data

normally produces = 120,000 to 150,000 units

to find out

The production range between 1120,000 and 150,000 is called

solution

The production range between 1120,000 and 150,000 is called Relevant range because there are 2 point

  • if Craft, Inc. need to reduce fixed expenses then production volume is reduce less than 120000 unit
  • if Craft, Inc. need to increase fixed expenses than production volume is increases more than 150000 unit

and if expected fixed expenses will not change than the production volume is 120000 units to 150000 units

so that production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

7 0
3 years ago
Trey sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different option
BartSMP [9]

Answer:

D, value-based marketing

Explanation:

Value-based marketing -

The process of selling goods or services , when marketing is done to the customer's ethics and value , in order to orient the customer to buy a specific goods or services .

It shifts the marketing towards customer-centric from product-centric  .

Hence , from the question , Trey is selling products by Value-based marketing .

5 0
3 years ago
Other questions:
  • You have won the lottery. You will receive $5,500,000 today, and then receive 40 payments of $1,900,000. These payments will sta
    11·1 answer
  • A building owner is evaluating the following alternatives for leasing space in an office building for the next five years:
    15·1 answer
  • An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the in
    9·1 answer
  • Why is important to know your strengths and weaknesses? Do you have more strengths or weaknesses? What can you do to help improv
    9·1 answer
  • The owner is his or her own boss
    5·1 answer
  • Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro
    6·1 answer
  • A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $185,000. The curr
    7·1 answer
  • 25-6. Which of the following is a fundamental distinguishing feature of individual income taxes compared with payroll taxes? a.
    7·1 answer
  • What is revision?hey
    12·2 answers
  • Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!