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
mixas84 [53]
3 years ago
5

For the year ended December BL 2017, Lopez Company has implemented an employee bonus program based on Lopez’snet income, which e

mployees will share equally. Lopez‘s bonus expense is computed as $14,5611. Prepare the journal entry at December 31, 2017, to record the bonus due the employees.2 Prepare the journal entry at January 19, 2018, to record payment of the bonus to employees,
Business
1 answer:
amid [387]3 years ago
3 0

Answer: Net income Dr $14,5611

Bonus payable CR 14,5611

Narration. Bonus expenses payable to staff

Employee Bonus account Dr 14,5611

Bank/Cash CR. 14.5611

Narration. Payment of employees bonus for previous year.

You might be interested in
Pedro did not save any money for college. What is his best option for job training?
sergejj [24]

the answer is d ( work full time in a related job.) he needs to make money some how and that is a good option always

4 0
3 years ago
Read 2 more answers
CWN Company uses a job order costing system and last period incurred $82,000 of actual overhead and $100,000 of direct labor. CW
HACTEHA [7]

Answer:

the predetermined overhead rate is 65%

Explanation:

The computation of the predetermined overhead rate is shown below;

The Predetermined overhead rate

= Expected overhead ÷ expected total direct labour cost

= $73,000 ÷ $100,000

= 0.73

= 65%

hence, the predetermined overhead rate is 65%

The same would be considered and relevant

4 0
3 years ago
Kenneth Chenault, the CEO of American Express Co. hopes to issue American Express cards through U.S. banks. At present, banks th
WINSTONCH [101]

Regulatory environment.

This environmental force would be the first step for Kenneth to be able to issue cards through US banks. A regulated environment is an environment that has control rules that set the operating guidelines in an enterprise to produce effective goods and services. These guidelines are instituted by various institutions such as the government, regulators and companies.

5 0
3 years ago
Beranek Corp has $720,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
lozanna [386]

Answer:

firm must borrow $288000 to achieve the target debt ratio

Explanation:

given data

assets = $720,000

debt to total capital ratio = 40%

to find out

How much must the firm borrow to achieve the target debt ratio

solution

we get here debt here by Debt to Total capital ratio that is express as

Debt to Total capital ratio = Debt ÷ (  Debt + Equity  )   ....................1

put here value we get debt

0.40 = \frac{debt}{720000}

debt = $288000

so firm must borrow $288000 to achieve the target debt ratio

7 0
3 years ago
In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen
Nana76 [90]

Gross domestic product is one of the factor that aid the long run monetary benefit in business.

<h3>What is Gross domestic product?</h3>

Gross domestic product refer to the the overall monetary or market value of all thecompleted goods and services that is manufactured within a specific country at a period of time.

It is the overall measure of overall domestic production, it help the to know if the country is okay or not.

It help to estimate the size of the economy.

To calculate, GDP

GDP = Consumption + investment+ government spending + net worth.

Therefore, Gross domestic product is one of the factor that aid the long run monetary benefit in business.

Learn more on Gross domestic product from the link below.

brainly.com/question/1383956

.

3 0
2 years ago
Other questions:
  • Forest Products is a mill that has always successfully resisted unionization of its workers by offering better pay and benefits
    13·2 answers
  • Housing prices in a certain neighborhood average at $90.75 per square foot. If one house in this neighborhood is 1100 square fee
    6·1 answer
  • A perfectly competitive firm: A) will budget money to advertise its product. B) can adjust the price of the product so that it s
    8·1 answer
  • Waterway Industries can produce 100 units of a component part with the following costs: Direct Materials $15800 Direct Labor 690
    10·1 answer
  • Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been
    7·1 answer
  • Mary is considering hiring another worker in an assembly line for MP3 speakers. Mary knows the average product of labor is 15 sp
    15·1 answer
  • Proprietorships are by far the most common type of business, yet they account for a very small percentage of all sales compared
    7·1 answer
  • (I) Countries with more economic freedom during the past quarter of a century had a lower average per capita GDP.(II) Countries
    11·1 answer
  • What are some of the various potential sources for business credit? Give at least three examples
    10·1 answer
  • Because of the tvm concepts learned in this topic, you should _________ receiving $1,000 in 1 year if given the opportunity to r
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!