Answer:
Dr Work in process $13,210
Cr Wages payable $13,210
Explanation:
Based on the information given the appropriate journal entry to record the flow of labor costs into production during August is:
Dr Work in process $13,210
Cr Wages payable $13,210
(580*$13)+(630*$9)
($7540+$5670)
(To record the flow of labor costs into production during August)
<u>Pay of Malik Boykin:</u>
Step 1:
Adding the total hours for each week:
Week of 3/10 = 5.5+6+9+12+7 = 39.5
Week of 3/17 = 8+8.5+9+13+4.5+4 = 47
Step 2:
Any sum of 40 hours or less gets multiplied by the hourly salary:
Week of 3/10: 
- That's the pay for that week
Week of 3/17: 
Step 3:
For hours worked over 40 the salary is 1.5 times the normal salary:
Now multiply the hours over 40 for that week by the time and a half:
And adding it to the 
we get,
Therefore, Week of 3/10: 
and Week of 3/17: 
Answer:
Options Include:
1. Years before Year 1 only.
2. Year 1 only.
3. Year 1 and years before and following Year 1.
<em>4. Year 1 and following years only. is Correct</em>
Explanation:
Prior cost of service is acknowledged whenever a contract is changed to provide added benefits for services previously received by workers.
The amortization of the prior service expense must be acknowledged as an element of the retirement cost during the future service periods of all those workers whom are active on the date of the plan modification and are entitled to receive rewards under the Scheme.
<em>Therefore, prior service costs are expressed throughout the financial statements for Year 1 once the plan was modified and even in the years that follow when it is amortized.</em>
Answer:
If Nathan's additional injuries were severe, then Sam is probably liable for negligence.
Explanation:
There is no law that forces someone to help another person in peril, you have the legal obligation to call for help (usually 911), but your obligation ends there. If you decide to help someone, then you are responsible for that person's well being and must exercise reasonable care. Even if you are not a properly trained rescuer, you have the obligation to not make the victim worse. If Nathan's health suffered due to Sm's negligence, then Sam is liable to him.
This is a reason why you have to think twice before assisting someone in peril since once you decide to be a rescuer, then you are liable for any bad consequences that may occur. For example, if you are trying to help someone out of a car after an accident, an that person's leg or arm is broken in the process, then you may be liable for it.
Option A
the most likely reason for a company to have an increase in average collection period : The company has incurred additional marketing expenses to attract customers
<u>Explanation:</u>
The average collection period is the measure of time it necessitates for a business to obtain prices owed by its customers in words of accounts receivable. To satisfy their economic commitments, Businesses estimate the average collection period to create assured they possess sufficient money on control.
Most firms intend for an average collection period that is flatter than a retail credit system. They require to be capable to extend serving terms to intrigue customers and be capable to accumulate efficiently as strongly.
