Answer:
The journal entries to record service revenue during July should be:
Dr Cash 3,600
Cr Service revenue (80 hours per month) 3,600
Dr Accounts receivable [(115 - 80 hours) x $40] 1,400
Cr Service revenue 1,400
Since the company has collected only the regular hours provided according to the contract, the remaining hours should be recorded as accounts receivable.
Answer:
Suppose a manager at the Post-it Brand has recently become aware that employees are taking office supplies home and taking longer coffee and lunch breaks than the personnel policy allows. The manager finds these are widespread practices and wants to solve the problem. The best way to do this would be to:
Send a memo for a meeting after which the rules and regulations would be read to every staff members. After then, penalty for every offense would be read to everyone as well and none-compliance would lead to sanction or dismiss. This would allow all staff members to be aware of both penalties and offense not to be committed.
Explanation:
Answer:
B) False
Explanation:
As the decisions in the AGM is made on voting of the stockholders. Sharon has controlling interest in ABC Inc. because he has the more than 50% of the share holding in ABC Inc. Sharon can Terminate the election because he has the majority of voting rights and on the other hand the Jason has 5% interest and voting rights of the company which is even not enough to create a significant influence over ABC Inc. The decision of Sharon will be considered as final.
This establishes a framework for a company's records management program, by which all records of the company's activities are created, maintained, organized, made accessible, stored, and disposed of under legislative requirements.
