False. The actions of the company that are expected by society but are not specified by legislation are included in its ethical duties. The need that the company be environment friendly is one of the ethical responsibility criteria.
The company should be constantly mindful of its operations and how they impact the environment. It is the moral and ethical responsibility of every human and every business. A business that upholds the law is also a business that values social responsibility. The company is free to operate whatever it sees fit, but only within the confines of the rules set down by numerous laws, including labor, environment, and criminal laws.
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Post a picture or something because that doesn’t make any sense
Given:
salary: <span>$10.50 an hour
25 hours a week
expenses:
Cellphone bill: $65/month
car insurance: $1,200/yr
*20% taxes.
There is no specific question but I will solve for Marcus net earnings for the year.
25 hours/week * 52 weeks/yr = 1,300 hours/year
Wages: 10.50 per hour * 1,300 hours/year = $13,650 Gross salary per year
Taxes: 13,650 * 20% = 2,730
13,650 - 2,730 = 10,920 net salary for the year
Cell phone bill: 65 per month * 12 months = 780
Net salary: 10,920
Cell phone bill (780)
Car insurance: <u> (1,200)</u>
Net Income: 8,940 per annum.
</span>
Answer:
e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200
Credit Paid in capital in excess of par value(Common stock) $14,080
Explanation:
The journal entry is as follows:
Retained earnings (3,520 shares × $14)
Dr $49,280
_______ Common stock dividend distributable (3,520 shares × $10)
Cr $35,200
_______ Paid in capital in excess of par value ($49,280 - $35,200)
Cr $14,080
