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ruslelena [56]
3 years ago
8

PFC Kim's living expenses are $1200/month. Her base pay is $1546.80 and she also receives $6.90 in partial BAH and BAS of $367.9

2. How does her living expense-to-income ratio compare to the recommended maximum living expense-to-income ratio
Business
1 answer:
forsale [732]3 years ago
8 0

Answer:

Living expenses are less than the recommended maximum ratio

Explanation:

Since in the question it is given that

Living expenses = $1,200 per month

Base pay = $1,546.80

Received amount in partial BAH and BAS = $367.92

Now if we make the comparison between the living expense to income ratio and the high living expense to income ratio so it should be concluded that the living expenses are lower than the suggested maximum ratio and hence, the same is to be considered

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Sheffield Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $145
Stells [14]

Answer: Debit Research and Development expense $477,000

Credit Cash $477,000

Explanation:

The journal entry simply refers to the recording of transactions that a company makes and it should be noted that the total amount that's gotten in the debit column must be equal to the total amount that us gotten in the credit column.

Based on the information given in the question, the journal entry for Sheffield Corporation will be:

Debit Research and Development expense $477,000

Credit Cash $477,000

8 0
2 years ago
Identify her/his entrepreneurial qualities and support your answer based on what you observed
Masja [62]

The main qualities of real entrepreneur are:

1) spiritual freedom and energy;

2) willpower;

3) ability to effectively negotiate and convince partners and customers;

4) organizational skills;

<span>5) determination and willingness to situations of risk.</span>

5 0
3 years ago
Overton Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2019. Because
Andre45 [30]

Answer:

The answer is "Operating expense of $800,000 and liability of $800,000".

Explanation:

It's obvious from its government that the company must recall any paint cans which have proved health hazardous. Its organization must remember its $800,000 in canned cans. The cost of recall would also be referred to as administration fees since these costs aren't linked to its production of the paints. All operations of the company were performed. It must be held responsible for the calculation of the recalling costs.

5 0
2 years ago
On January 1, Year 1, Manning Company granted 97,000 stock options to certain executives. The options are exercisable no sooner
umka21 [38]

Answer:

$77,600

Explanation:

Total value of compensation expenses:

= No. of options granted × Fair of value options

= 97,000 × $4

= $388,000

Compensation expenses should be recognized per year:

= Total value of compensation expenses ÷ Excercisable time

= $388,000 ÷ 3

= $129,333.33

Expenses recognized in year 1 = $129,333.33

Due to unexpected turnover 20% of the options are forfeited,

Annual compensation = $388,000 × 80%

                                     = $310,400

Annual compensation in year 2:

= Accumulated compensation expenses in year 2 - Expenses recognized in year 1

= [$310,400 × (2/3)] - $129,333.33

= $206,933.33 - $129,333.33

= $77,600

4 0
3 years ago
Businesses do not use social commerce for new products. <br> a. True <br> b. False
Tcecarenko [31]
False because they make money for showing it 
3 0
2 years ago
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