Answer:
<em>False</em>
Explanation:
I jus got it right on the assignment.
Answer:
Department Y $9000
Department Z $5000
Explanation:
Delivery expense can be calculated using the allocation and apportionment method for Y and Z.
<u>Step 1. Allocation</u>
The costs that are directly attributable to the departments would be allocated to its relevant department. Here, $1500 are the direct expenses for the deliveries for the department Y, so at the first step,
Department Y Cost = $1500
For the department Z, their are no direct expenses for the deliveries,so at the first step,
Department Z Cost = $0
<u>Step 1. Apportionment</u>
The indirect cost of $12500 ($14000 - $1500) would be apportioned among department Y and Z.
So
Department Y = $1500 + $12500 x 60% = $9000
Department Z = $12500 x 40% = $5000
Answer:
False
Explanation:
The interview process may or may not end depending on the type of interview conducted by the organization.
If it is on-spot offer: On-spot offer, interview the candidates and provide a spot offer and even do verification on the same day.
If it is walk-in: It depends on the process that the organization has planned each time. Mostly there will be multiple rounds, each will be conducted in one day depending on the strength of the candidate.
Job fairs: It is possible only to conduct the initial round. So it does not end in one day.
Answer:
Journal Entry
General Ledger Dr. Cr.
Cash $7,085
Sales Tax Payable $585
Sales $6,500
Explanation:
Sales tax is the amount of tax collected by the business on the taxable sales from customers on behalf of government and pay it to government after that. Sales tax will be included in the cash received from the customer and recorded as the payable for the business.
Sales Value = $6,500
Sales Tax = 9%
Sales inclusive of Sales tax = $6,500 x 109% = $6,500 x 1.09 = $7,085
