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2 years ago

Consider the following income statement for the Heir Jordan Corporation:

Business

1 answer:

vivado [14]2 years ago

5 0

Answer:

HEIR JORDAN CORPORATION

The projected addition to retained earnings is $5,743.

Explanation:

a) Data and Calculations:

HEIR JORDAN CORPORATION

Income Statement Current Year Projected

Sales $ 49,000 $58,800 ($49,000 * 1.2)

Costs 40,300 48,360 (40,300 * 1.2)

Taxable income $ 8,700 10,440 (8,700 * 1.2)

Taxes (22%) 1,914 2,297 (1,914 * 1.2)

Net income $ 6,786 8,143 (6,786 * 1.2)

Dividends $ 2,400 2,400

Addition to retained earnings 4,386 5,743

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Match the definition with the correct type of unemployment. Not all of the terms will be used. 1.Unemployment caused by recessio

ivann1987 [24]

Answer:

The answer is:

1. Cyclical Unemployment

2. Frictional Unemployment

3. Natural Unemployment

Explanation:

1. Unemployment caused by recessions - cyclical unemployment. It is caused by reduction in total spending, low activities in the economy. Coronavirus pandemic is already causing cyclical unemployment.

2. Unemployment that normally occurs due to turnover as workers switch jobs - frictional unemployment.

This happens when a worker leaves a job to search for another. The unemployment between the time gap is frictional unemployment.

3. The unemployment rate that exists when the economy is operating at potential - Natural Unemployment.

Unemployment caused by replacement of obsolete technology or lack of required skills are called natural employment.

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3 years ago

Sometimes there is a backlash from employees regarding mandatory diversity training. One possible solution that has some researc

natta225 [31]

Answer:

Option C

Explanation:

In simple words, the basic solution to create and maintain healthy diverse environment throughout the organisation is to create a culture that encourage employees to accept each others differences.

Creating such culture will help the trainer to implement the training procedures. Such activities and decisions will lead to less conflicts and more positive results.

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2 years ago

Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s

mamaluj [8]

Answer:

compound interest

Explanation:

compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.

The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.

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2 years ago

Havermill Co. establishes a $460 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

frozen [14]

Answer: Debit Petty cash $408; Credit Cash $408.

Explanation: Petty cash is a small amount of fund set aside for immediate or urgent minor expenses. In most organizations, there is a limit to the petty cash amount that a business unit can have. And someone is always saddled with the responsibility of managing the fund. It has its business rule in the sense that the amount should not be withdrawn beyond zero balance to throw it into debit.

In the instance of the question, the petty cash is $460 and within September, total expenses of $316 were incurred and paid for, leaving a balance of $144. However, the accountant determines that this cash should be increased by $92 on 1 October, so reimbursement to the fund would be the amount already spent ($316) and the proposed increment ($92), making $408.

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2 years ago

Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price

lisov135 [29]

Answer:

3,500 pounds

Explanation:

By applying the below formula we get:

AQ(AP-SP)

USD 5,250 (unfavorable price variance )

USD 5,250/(AP - SP) = AQ

So,

USD 5,250/(USD 56.50 - USD 55.00)

= 3,500

4 0

2 years ago