Free bus rides would be an extrinsic reward of working at google. The extrinsic rewards are <span>usually financial reward. They are </span>given employees by managers. examples are pay raises, bonuses, and benefits. Intrinsic rewards<span> on the other hand include non-material things such as sense of pleasure, accomplishment and personal achievement and growth. </span>
Answer and Explanation:
The journal entries are given below:
On May 1
Accounts receivable $1,300
To sales revenue $1,250
To Sales tax liability ($1,250 ×8%) $100
(Being the sales is recorded on account)
On May 15
Cash $3,564
To Sales revenue $3,300
To Sales tax liability ($3,300 ×8%) $264
(Being the sales is recorded on account)
On May 31
Cash $1,300
To Account receivable $1,300
(Being received payment on account due is recorded)
Answer:
See below
Explanation:
Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.
The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.
Goodwill is amortized because the business benefits from the goodwill for many years. In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.
Answer:
Production= 11,500 units
Explanation:
Giving the following information:
Estimated inventory (units), April 19,000
Desired inventory (units), April 30 18,000
Expected sales volume (units):
Area A 3,500
Area B 4,750
Area C 4,250
Total sales= 12,500
To calculate the production for April, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 12,500 + 18,000 - 19,000
Production= 11,500 units
