Answer:
Sales This year will be $180,800
Explanation:
Total Sales Last Year = $160,000
Growth rate of sales = 13%
Sales This year = Total Sales last year x (1+Growth rate)
Sales This year = $160,000 x (1+13%)
Sales This year = $160,000 x (1+0.13)
Sales This year = $160,000 x 1.13
Sales This year = $180,800
Answer:
Legal but Unethical
Explanation:
Based on the information provided within the question it can be said that Gander's business conduct is Legal but Unethical. It is legal because since it is a developing country there is most likely no law against the amount that the company's must pay employees. On the other hand it is unethical because the company is taking advantage of the necessity of the workers and is paying them nonliving wages.
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The answer is a, true. It is because a person with an internal locus of control has their own belief in terms of their health in a way that their behaviors and actions will be the ones responsible of having to know the status or what will likely happen to their health in which is also same in the given description above.
Answer:
D) Debit income summary 187000, credit revenues 187000
Explanation:
When dividend is declared, following journal entry is passed
Retained Earnings Dr.
To Dividend Payable
(Being declared dividend recorded)
When dividends are actually paid, the journal entry is
Dividend Payable A/C Dr.
To Cash A/C
(Being dividend paid recorded)
Income summary account is prepared as a temporary account while income statement represents permanent account.
Income summary shows net income balance i.e Revenue less expenses.
As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.
