What is the main aim of business office

Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for

Sonbull [250]

Answer:

Accounts

Wages Expense

Wages Payable

$100,000

Explanation:

As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.

5 0

3 years ago

Chapter 3 Homework Questions 3, 4 3. Balance Sheet. Construct a balance sheet for Sophie’s Sofas given the following data. What

Svet_ta [14]

Answer:

<u>BALANCE SHEET</u>

Assets Liabilities

Cash 10,000 Account Payable 17,000

Account Receivable 22,000 Long term 170,000

Inventory 200,000 Total Liab 187,000

non-current assets 100,000 Equity 145,000 (A)

total assets 332,000 Total liab + SE 332,000

Earnings before interest and taxes: 11,000 dolllars

Net income 8,000

Explanation:

(A) solve through the accounting equation

assets = laib + equity

332,000 = 187,000 + Equity = 332,000 - 187,000 = 145,000

Q4

income tax expense: 2,000

rate 20%

Earnings before taxes x 20% = 2,000

EBT = 2,000 / 0.2 = 10,000

Net income : 10,000 - 2,000 = 8,000

EBIT: EBT + interest expense

10,000 + 1,000 = 11,000

5 0

3 years ago

In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and the event B mean th

Scorpion4ik [409]

The correct answer to this open question is the following.

In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and event B means the account is that of a new customer. The complement of A is all accounts fewer than 31 or more than 60 days past due.

That is why is so important to maintain a good credit score. A past-due account was not paid on time and with the minimum amount of money it was required. So pay attention to the last day marked in your account statement. It is not a good thing to your record and you will be paying extra money due to a late fee.

7 0

3 years ago

I need a name for an app that could help the community. It has to be original though none that already exists

Harlamova29_29 [7]

Answer:

green help

Explanation:

lol

8 0

2 years ago

Read 2 more answers

South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following in

love history [14]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Sales (6,000nits*$1,000) $6,000,000

Cost of goods sold 870,000 (145 a unit)

Store manager's salary per year 192,000

Operating costs per year 305,000

Advertising and promotion per year 40,000

Commissions (4.1% of sales) 246,000

We will separate in variable and fixed costs:

Fixed costs:

Store manager's salary per year 192,000

Operating costs per year 305,000

Advertising and promotion per year 40,000

Variable costs:

COGS= 145*8,900= 1,290,500

Commission= 0.041*(8,900*1,000)= 364,900

Total costs= fixed costs + variable costs

Total costs= $2.192,400

4 0

3 years ago

What is the main aim of business office​

What is the main aim of business office