The flow of money received on a sometimes a weekly, monthly, or yearly basis is known as SALARY.
Salary is the compensation employees received from their employers. It can be weekly, monthly, or yearly basis depending on the contract agreement between the two parties.
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Answer:
$35,260
Explanation:
Calculation to Determine the proper amount of net income for 2021
Unadjusted net income $33,000
Adjustments:
a. Insurance expense overstated $2,800
[4,200-(4,200/3)]
b. Sales revenue overstated $(675)
c. Supplies expense overstated $645
d. Interest expense understated $(510)
(12%*17,000*3/12)
Adjusted net income $35,260
Therefore the proper amount of net income for 2021 will be $35,260
Explanation:
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Answer:
Store A = $9
Store B = $8
Store C = $10
Explanation:
Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows
Store A:
Average Daily Balance Finance Charge basis = ($500 + $400) /2
Average Daily Balance Finance Charge basis = $450
Finance Charges = $450 x (24% / 12)
Finance Charges = $9
Store B:
Adjusted Balance Method Finance Charge basis = $500 - $100
Adjusted Balance Method Finance Charge basis = $400
Finance Charges = $400 x (24% / 12)
Finance Charges = $8
Store C:
Previous Balance Method Finance Charge basis = $500 - $0
Previous Balance Method Finance Charge basis = $800
Finance Charges = $500 x (24% / 12)
Finance Charges = $10
