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aleksley [76]
3 years ago
10

Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $4

0,000 for the period. The pension formula calculated a pension cost of $222,750. Only $185,000 was contributed to the pension plan administrator.
Required:
Journalize the entry to record the:

a. vacation pay
b. pension benefit.
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

A.

Dr Vacation pay expenses $40,000

Cr Vacation pay payable $40,000

B.

Dr Pension expenses $222,750

Cr Cash $185,000

Cr Unfunded pension liability $37,750

Explanation:

Regling Company Journal entries

A.

Dr Vacation pay expenses $40,000

Cr Vacation pay payable $40,000

B.

Dr Pension expenses $222,750

Cr Cash $185,000

Cr Unfunded Pension liability $37,750

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AleksAgata [21]

Answer:

C. Minimizes​ hiring, layoff, and unemployment costs

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3 years ago
It would be common to use the term ____ to refer to the manufacturing process when discussing the global supply chain.
Zanzabum

<u>Production</u> refers to the manufacturing process that includes the transformation of raw materials resulting in finished products.

<h3>What is production?</h3>

It is the supply chain phase that includes all the processes related to the creation and elaboration of the product.

That is, it includes the operations necessary for the transformation of raw materials into products and their mass production.

Therefore, we can conclude that production refers to the manufacturing process that includes the transformation of raw materials resulting in finished products.

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3 0
1 year ago
Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolor
natita [175]

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revenue cycle

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Since revenue cycle is capturing of bills and payment for product or service rendered. The work mentioned in the problem is part of revenue cycle.

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A landowner in Texas is offered $200,000 for the exploration rights to oil on her land, along with a 25% royalty on the future p
Shtirlitz [24]

Answer:

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How are passwords stored on your personal computer?
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Hope this helps! :D
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