Answer:
$30,600
Explanation:
On an average, each employee will earn $153 per day. The amount of Liability for compensated absences in M Corporation will be
= 200 Days * $153 per day.
= $30,600
According to No. 16 Accounting for Compensated Absences, liability for compensated absence should be measured at balance sheet date for those employees who are currently eligible to receive termination payment.
Answer:
True
Explanation:
An intrapreneur is a worker in charge of developing an innovative idea or project within a company. The intrapreneur may not face major risks or may not receive an entrepreneur's major rewards. However, an intrapreneur can access the resources and capabilities of an established company. An intrapreneur works within a company to develop an innovative project or project that will increase the future of the company. The intrapreneur is usually given autonomy to work on a project that can have a significant impact on the company. Over time, an intrapreneur can become an entrepreneur.
In inductive reasoning, the premises are seen as supplying strong evidence for the truth of the conclusion. The conclusion is definite, but the truth may be probable, based on the available evidence. So she might say, that based on the past history of the company involved, whenever the company is losing money for a given length of time, there are layoffs, so in these similar circumstances it is probable that these planned layoffs will occur.
Answer:
See explanation section
Explanation:
To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.
December 31 Bad Debt Expense Debit $1,200
Account receivable - Acme, Inc. Credit $1,200
Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.
Well there are basically three types of budgets such as balanced budget, surplus budget and deficit budget
Explanation: