Date Account title $Debit $Credit
Dec 31 Wages Expenses 4800
Wages Payable 4800
(to record accrued wages)
Jan 06 Wages Payable 4800
Cash 4800
(to record payment of wages in cash)
An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.
An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.
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Answer:
Guidelines to consider include:
1. Planning
2. Deciding which social media platform is best for your business.
3. Knowing your audience
4. Expanding audience
5. Building relationships
6. Focusing on quality over quantity
7. Using the right tools
Explanation:
Social media is one of the ways to connect with a large number of individuals to boost business and sales.
Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.
Secondly, The local business should decide which social media platform is best for them.
Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.
Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.
It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.
Finally, the organization should take advantage of tools to simplify work and boost productivity.
Answer:
$ 44000
Explanation:
Given:
Actual overhead manufacturing cost, Ac = $ 352000
Actual direct labor hours, Ah = 56000
Estimated manufacturing overhead cost, Ec = $ 330000
Estimated direct labor hour, Eh = 60000
Now,
Predetermined Overhead Rate = Ec/Eh
on substituting the values in the above formula we get
= $ 330000/60000 = 5.5
also,
Underapplied Overhead = Ac + (Ah × Predetermined Overhead Rate)
on substituting the values in the above formula we get
Underapplied Overhead = 352000 - (56000 × 5.5)
or
Underapplied Overhead = $ 44000
Answer:
C is the answer. The service provided at Toy Corner exceeds customer expectations.
Explanation:
When a store offers a broad assortment of goods tailored for different age groups, it will really attract more patronage.
But, when it ensures the home-delivery of goods that are not available at its store to customers who have placed orders, then it can be said to be exceeding the expectations of its customers.
This is moreso, when such home-delivered goods are sold to customers at discounted prices. This shows that the store not only cares for its customers, it surely does not want the customers to leave its store to buy goods from others. This ensures customer loyalty and continued patronage.
The approach is very competitive and customer-friendly.
B. Determine savings or debt :)
