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
You find that you have significatantly overcharged one of your clients. The error was discoverd by you when you recieved payment
rusak2 [61]

Answer:

Tell the client what happened and apologize. A good business should have costumer service the number one priority.

6 0
3 years ago
Now, suppose the government were to decrease net taxes by $20 billion without changing the level of government purchases. This w
Art [367]

Answer:

this would shift the aggregate line up by 40 billion implying that the value of the relevent multiplier is 2.

Explanation:

6 0
3 years ago
On January 1, 2018, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,00
Anna [14]

Answer:

$347,697

Explanation:

The interest revenue which shall be recorded by the Savor Corporation for the year ended 2018 in respect of equipment leased to Spree Company shall be calculated using the following mentioned formula:

Interest revenue=(Present value of lease equipment as at January 1, 2018-payment made on January 1, 2018)*interest rate

In the given question:

Present value of lease equipment as at January 1, 2018= $4,561,300

Payment made on January 1, 2018=$698,000

Interest rate=9%

Interest revenue=($4,561,300-$698,000)*9%=$347,697

8 0
3 years ago
There are two routes for driving from A to B. One is freeway, and the other consists of local roads. The benefit of using the fr
STALIN [3.7K]

Answer:

a) attached below

b) stable equilibria = x = 0.1 , x = 0.8

   unstable equilibria = other value except 0.1 , 0.8

c) 0.5 , 0.6

Explanation:

Benefit of using the local roads = 1 + 8x - 9x^2

Benefit of using the free way = 3.6

a) Attached below is the required graph

<u>b) Determine The possible equilibrium traffic patterns from the graph </u>

stable equilibria : x = 0.1 ,  x = 0.8 ( this id because at these given value the benefits of using either routes is equal )

unstable equilibria :  every other value of X except 0.1 and 0.8

<u>c) Determine the value of x that maximizes the total benefit to the population</u>

The value of X that maximizes the total benefit to the population = 0.5 and 0.6

attached below is the detailed solution

5 0
3 years ago
Economics is best defined as the study of how societies deal with
lutik1710 [3]

Answer:

The division of labor.

Explanation:

3 0
2 years ago
Other questions:
  • Verizon's implementation of a Web-based digital dashboard to provide managers with real-time information, such as customer compl
    11·1 answer
  • If production is occurring where marginal cost exceeds price, the purely competitive firm will __________.
    8·1 answer
  • What type of inmate labor system puts inmates to work cleaning public parks and maintaining roads and highways?select one:?
    8·1 answer
  • True or false?
    15·2 answers
  • Marginal tax rate is of greater significance in measuring the tax effect for​ Carmen's decision. The marginal tax rate is the pe
    13·1 answer
  • The following transactions occur for the Panther Detective Agency during the month of July:
    9·2 answers
  • First Simple Bank pays 6.4 percent simple interest on its investment accounts. If First Complex Bank pays interest on its accoun
    8·1 answer
  • A manufacturer reports the following costs to produce 10,000 units in its first year of operations: Direct materials, $10 per un
    6·1 answer
  • Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent yea
    12·1 answer
  • The relationship between the elasticity of product demand and the elasticity of demand for labor employed in its production is s
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!