Explanation:
Financial health of the company.
Company's brand value.
Work culture and environment.
wages and salary ofc
<u>Pay of Malik Boykin:</u>
Step 1:
Adding the total hours for each week:
Week of 3/10 = 5.5+6+9+12+7 = 39.5
Week of 3/17 = 8+8.5+9+13+4.5+4 = 47
Step 2:
Any sum of 40 hours or less gets multiplied by the hourly salary:
Week of 3/10: 
- That's the pay for that week
Week of 3/17: 
Step 3:
For hours worked over 40 the salary is 1.5 times the normal salary:
Now multiply the hours over 40 for that week by the time and a half:
And adding it to the 
we get,
Therefore, Week of 3/10: 
and Week of 3/17: 
Answer:
Explanation:
First, we have to compute the accrued interest amount, then only the adjustment entry would be made.
So,
Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)
= $8,000 × 12% × 2 ÷ 12
= $160
The two months is calculated from May 1, 2018 to June 30, 2018
Now, we pass the adjustment entry which is shown below:
Accrued interest expenses A/C Dr
To Interest payable
(Being adjustment entry of accrued interest is recorded)
Answer:
COGS = $156800 ; Opereating Expenses = $223500 ; Gross Profit = $125300
Explanation:
COGS is direct manufacturing/ production expenses on goods produced. Operating Expenses includes all expenses (direct manufacturing & indirect sale expenses). Gross Profit is the excess of Net Sales over COGS
Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses - Closing Stock
= 0+ [Wood purchases +Account Payable (credit purchase)] + [stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + 0
= 57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800
= 156800
Gross Profit = Net Sales - COGS
= [Sales Revenue + Accounts Receivables] - COGS
= 255000 + 27100 - 156800
= 125300
Opereating Expenses = Direct Expenses + Indirect Expenses
= [Wood purchases +Account Payable (credit purchase)+ stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + [Staff Salaries & Wages + Administrative Rent & Utilities + Marketing Costs]
= 57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800 + 37400 + 12000 + 17300
= 223500
{COGS is direct manufacturing/ production expenses on goods produced} {Opereating Expenses includes all expenses (direct manufacturing & indirect sale expenses)}
{Gross Profit is the excess of Net Sales over COGS
