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4 years ago

Identify two changes to personal information which you must report to your employer.

1 answer:

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First is Marriage, when you are married you must report to your employer to provide necessary changes in you information especially if you are a woman where your last name will be changed. Second is the Contact Details. When there is a change in your contact information you must report it immediately to your employer for urgent concerns when they need to call you.

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Macy's, Inc., operates the two best-known high-end department store chains in North America: Macy's and Bloomingdale's. The foll

Vinil7 [7]

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

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4 years ago

A company makes $1 million in after-tax profits for the year. It spends the entire amount on new equipment. Which of the followi

tiny-mole [99]

Answer:

c. Its book value at the end of the year is $1 million greater than that of one year before.

Explanation:

When the entire retained earnings of $1 million are spent on buying the equipment, then company's assets will rise by $1 million and similarly, its equity will also rise by $1 million. So, Company' s book value at the end of the year will be $1 million greater than that of one year before.

8 0

3 years ago

In a Harvard Business Review article, consultant Ben Dattner emphasizes the importance of giving credit to others for their good

Setler [38]

Answer:

(humility, egotism, will, discipline)

Explanation:

A leader who possesses this characteristic which are humility, egotism, will, and discipline would mostly behave this way by giving credit to each and every team members who contributed with an idea or opinions, this is how good leaders are recognized because they carry everyone along.

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3 years ago

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common

sveta [45]

Answer:

March 1, issuance of 54,000 common stocks

Dr 2,754,000

Cr Common stocks 54,000

Cr Additional paid in capital in excess of par value 2,700,000

May 10, repurchase of 4,900 treasury socks at $54 each

Dr Treasury stocks 264,600

Cr Cash 264,600

June 1, a cash dividend is declared ($1.45 per stock, 149,100 outstanding stocks)

Dr Retained earnings 216,195

Cr Dividends payable 216,195

July 1, cash dividends are paid

Dr Dividends payable 216,195

Cr Cash 216,195

October 21, 2,450 treasury socks are resold at $59 each

Dr Cash 144,550

Cr Treasury stocks 132,300

Cr Additional paid in capital in excess of par value 12,250

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3 years ago

Terryville Corporation plans to sell 48,000 units of its single product in March. The company has 3,500 units in its March 1 fin

murzikaleks [220]

Answer:

Terryville plans to produce 47,600 units in March.

Explanation:

First of all, let us lay out the information given clearly:

Projected sales = 48,000 units

Inventory (March 1) = 3,500 units

Inventory (march 31) = 3,100 units.

From the above information, the total units to be produced can be calculated by adding the total projected sales to the ending inventory as follows:

Total projected units to be produced = projected sales + ending inventory

= 48,000 + 3,100 = 51,100 units

However, we are told that the inventory at the beginning of the month of March is 3,500, therefore of the total amounts to be produced, 3,500 units is already available, hence to get the new amount to be produced we will subtract the beginning inventory from the total units planned to be produced.

Total units to be produced = 51,100 - 3,500 = 47,600 units.

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4 years ago