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igomit [66]
3 years ago
15

Parton Company provides its employees with varying amounts of vacation per year, depending on the length of employment. The esti

mated amount of the current year's vacation cost is $196,800. The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a
a. credit to Vacation Pay Expense for $196,800.
b. debit to Vacation Pay Expense for $16,400.
c. credit to Vacation Pay Expense for $16,400.
d. debit to Vacation Pay Payable for $196,800.
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

b. debit to Vacation Pay Expense for $16,400.

Explanation:

current month's accrued = total current's vacaction cost/12

                                         = $196,800/12

                                          = $16,900

Adjusting journal entry will be:

                                                     Dr               Cr

vacation pay expenses              $19,600              

 to vacation payable                                      $16,900

Therefore, The  journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a debit to Vacation Pay Expense for $16,400.

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ivanzaharov [21]

Answer:

audit trails

Explanation:

Reports that trace the entry of and changes to critical data values are called <u>audit trails</u> and are essential in every system.

8 0
2 years ago
During 2018​, Doug incurs the following deductible​ expenses:
Alexus [3.1K]

The amount of Doug's taxable income is <u>$27,700</u>.

<u>Explanation</u>:

<u><em>GIVEN</em></u>:

AGI = $35,000

State income​ taxes = $2300

Local property taxes = $3000

Medical expense = $800

Charitable contribution = $2000

Total deduction amount= State income​ taxes+Local property taxes+Charitable contribution

                                        = 2300+3000+2000

                                        = $ 7300

Total deduction amount= $7300

Taxable income= $35000- $7300

                         = $27,700

The amount of Doug's taxable income is <u>$27,700</u>.

3 0
2 years ago
The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a fir
My name is Ann [436]

Answer:

1) - proprietorships.

2) - corporations.

3) - proprietorships.

4) - corporations.

Explanation:

So far as figures are concerned, the majority of companies are proprietorships. Even so, mostly based on currency sales revenue, almost all of the trade is conducted by corporations. Businesses are mostly founded as proprietorships and only transformed into corporations until their success results in drawbacks that overshadow the benefits.

So, the following are the reason that describes the following answers are true according to the given scenario.

3 0
2 years ago
Nathan manages a website that sells bicycles. He's using a Google Ads Display campaign to drive purchases in that segment, and c
lana66690 [7]

Complete Question:

Nathan manages a website that sells bicycles. He's using a Google Ads Display campaign to drive purchases in that segment, and chooses In-Market audiences as his targeting option. What's the advantage In-Market audiences gives Nathan in reaching his marketing goals?

  1. Reaches users based on their lifestyles, interests, and passions.
  2. Shows ads to users based on a combination of declared and inferred data.
  3. Connects him with audiences most interested in what he has to offer.
  4. Finds users that are similar to an original remarketing list.

Answer:

The advantage In-Market audiences gives Nathan in reaching his marketing goals is Connects him with audiences most interested in what he has to offer.

Explanation:

The advantage of a target reach lies in Nathan's ability to connect him to the motorcycle sales on the website.

He will accelerate sales in that category with the Google Advertising Show plan.

With specific segments which identify users based on their demonstrated consumer behaviour and purpose, you can connect with people who are most interested in what you can give.

5 0
3 years ago
Cinder Company had the following department information for the month: Total materials costs $ 60,000 Equivalent units of materi
solong [7]

Answer:

The total manufacturing cost per unit is $10.50

Explanation:

Material cost per unit = Total material cost / Equivalent units of Material cost

Material cost per unit = $60,000 / 10,000 = $6 per unit

Conversion cost per unit = Total Conversion cost / Equivalent units of conversion cost

Conversion cost per unit = $90,000 / 20,000 = $4.5 per unit

Total Manufacturing cost = $6 + $4.50 = $10.50 per unit

3 0
2 years ago
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