The best and most accurate answer between the choices would be that Rodrigo is a wage earner, for the reason that a wage earner is paid per hour, while a salary is given in a fixed amount over a pay period.
Hopefully the answer has come to your help.
Below are the amount required to close the account of Harrison's Dog Walking Service Company:
Journal entries
Jan 31
Fees earned No entries
Dr wages expenses $44,230
Cr Rent Expense $15,710
Cr Supplies Expense $15,800
Cr Miscellaneous Expense $2,420
Harrison Taylor capital No entries
Jan 31
Harrison Taylor capital No entries
Harrison Taylor drawing No entries
Answer:
B) make the process of dealing with the problem as open as possible.
Explanation:
As the owner of the company, you need to focus on two things:
- solve the problem as fast as you can so the factory starts to operate again.
- engage in public relations activities to reduce the negative effects caused by the factory shutdown. Trying to hide the problem or blaming others for strike wouldn't help your company.
Answer:
Income Statement For the Year Ended 2014 $
Revenue 2,984,000
Cost of Goods Sold (1,419,000)
Gross Profit 1,565,000
Selling, general, and administrative expenses (454,000)
Earnings before Interest and Tax 1,111,000
Interest Expense (288,000)
Profit before Tax 823,000
Tax Expense (318,000)
Profit After Tax 505,000
Operating Cash Flows $
Earnings before Interest and Tax 1,111,000
Depreciation 258,000
Interest Expense (288,000)
Tax Expense (318,000)
Cash Flow from Operating Activities 763,000
Explanation:
Revenue is an income statement item which is reported at the top. Cost of Goods Sold is deducted from revenue to find out Gross Profit. After the Gross Profit is derived then we deduct Selling and Administrative cost. We can now have Earnings before Interest and Tax (EBIT). Interest Expense is deducted from the EBIT. We derived Profit before Tax. After that we deduct Tax Expense and we can have Profit After Tax.
Operating cash flows starts with Earnings before Interest and Tax. We add back Depreciation and deduct interest expense and Tax expense. Cash flow from Operating Activities is derived.