expect what?
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Answer:
(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1?
- supply balance January 31 + supplies expense - purchases = $700 + $950 - $850 = <u>$800</u>
(b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased?
- Insurance expense per month = $400 x 12 months = $4,800, beginning balance prepaid insurance January 1 = $2,800. This means that the insurance policy was purchased ($4,800 - $2,800) / $400 = 5 months before, this means it was purchased in <u>August, 2016</u>.
(c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable on December 31, 2016?
- wages payable on December 31, 2016 = salaries expenses + wages payable balance January 31, - paid salaries = $1,800 + $800 - $2,500 = <u>$100</u>
(d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016?
- unearned service revenue on December 31, 2016 = cash received for providing services - service revenue + unearned service revenue balance January 31 = $1,600 - $2,000 + $750 = <u>$350</u>
Answer:
$35,800
Explanation:
Gross Profit = Net sales - Cost of goods sold
= $268,100 - $145,500
= $122,600
Total Operating Expense:
= S, G & A Expenses + R&D expense
= $59,000 + $27,800
= $86,800
Operating Income = Gross Profit - Total Operating Expense
= $122,600 - $86,800
= $35,800
Answer:
The correct answer is letter "B": False.
Explanation:
A decentralized organization is one in which most decisions are taken by low range managers. On the other hand, centralized firms are characterized by following the guidelines of high-level executives. Decentralized companies have the same reporting structure as centralized institutions but each of them working at their hierarchy level.
Let's assume that Atlantis has 140 million adult residents. If there are 90 million employed people and 10 million unemployed people, that leaves 40 million people out of the labor force.
What does the term "labor force" mean?
All people who meet the criteria for inclusion among the employed or unemployed make up the labor force, also known as the population that is currently engaged in labor-force activities. The term "employed" refers to people who work for pay or profit at least one hour per week or who hold a job but are momentarily off the clock due to illness, vacation, or a strike. The armed forces include anyone who served in the armed forces during the time in question, whether they were stationed in the metropolitan territory or elsewhere, and was selected from the pool of all workers available.
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