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Lostsunrise [7]
2 years ago
14

Constance tells Jill, her best employee, that: "Your work is so good, if I like what you do over the next six months, I’ll give

you a $1,000 bonus." Constance does not give Jill the bonus so Jill sues. Most likely:
Business
1 answer:
frozen [14]2 years ago
7 0

Jill will not win because this is an illusory promise without consideration.

<u>Explanation:</u>

Even if Jill sues his boss Constance for not giving him the bonus that she had promised to give if her employee, Jill works with great focus and dedication, he will probably not win the case.

The reason for this is that it was just a promise and not a contract signed between that employer and that employee. It was just an illusory promise which is not enough to sue the person or the employer. So there was no benefit of doing it.

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2. What are the ways of forecasting cost of sales?
solmaris [256]

Answer:

d. all of the choices​

Explanation:

Cost of Goods sold = Cost of material purchased + Conversion cost

And

Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.

So, The correct option is - d. all of the choices​

5 0
3 years ago
How are payroll taxes and user fees different?
fomenos
<span>Sometimes, a user fee is indeed a user fee. But other times it's not that at all; instead, it's a tax hike disguised by a misnomer.</span>
5 0
3 years ago
Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:
Diano4ka-milaya [45]

Answer:

1. General journal entries to record each transaction.

Jan. 1                         Dr.             Cr

Cash                      $103,000

Common Stock                      $103,000

Jan. 2                         Dr.             Cr

Inventory              $38,000

Account Payable                   $38,000

Jan. 4                           Dr.             Cr

Prepaid Insurance  $2,760

Cash                                           $2,760

Jan. 10                            Dr.             Cr

Account Receivable  $12,300

Sale                                             $12,300

Cost of Goods Sold   $7,300

Inventory                                     $7,300

Jan. 15                            Dr.             Cr

Cash                          $33,000

Note Payable                               $33,000

Jan. 20                            Dr.             Cr

Salary Expense         $33,000

Cash                                              $33,000

Jan. 22                            Dr.             Cr

Cash                           $10,300

Sale                                             $10,300

Cost of Goods Sold   $6,300

Inventory                                     $6,300

Jan. 24                            Dr.             Cr

Account Payable       $15,300

Cash                                              $15,300

Jan. 26                           Dr.             Cr

Cash                          $6,150

Account Receivable                     $6,150

Jan. 28                            Dr.             Cr

Utility Expense          $1,000

Cash                                              $1,000

Jan. 30                            Dr.             Cr

Rent Expense              $2,150

Prepaid Rent               $2,150

Cash                                              $4,300

2.

MS Excel File is attached for T accounts Posting in Worksheet Named as " T Account". Please Find that.

3.

MS Excel File is attached for unadjusted trial balance in Worksheet Named as " Trial Balance". Please Find that.

Download xlsx
5 0
2 years ago
A situation in which the design or operation of a control does not allow management or employees, in the normal course of perfor
Helen [10]

Answer: (A) Control deficiency

Explanation:

 The control deficiency is the type of situation in which the operation and the designing of the control are not allowing the management and an employee performing the various type of assigned function.

The control deficiency process occur when the person are involving with the authority in the transaction cycle.

This situation is usually occur in an larger type of an organization. The deficiency may be on the financial report that control internally.  

Therefore, Option (A) is correct.

3 0
3 years ago
During the past 1000 years, the income per person of the world has
Mamont248 [21]

Answer: Has increased.

Explanation: Income per person has increased over the years because the cost of living and expenses have also increased. As the cost of items go up, income increases to help consumers be able to afford living and purchasing goods and services.

5 0
3 years ago
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