We let x be the amount of vacation benefit expense that has to be recorded for the month of July.
The equation that allows us to answer this question is,
x = (32 employees) x ($107 / employees)
x = $3,424
The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.
Answer:
Net operating income= 341,000
Explanation:
We need to use the following structure:
Gross profit= sales - cost of goods sold
Net operating income= Gross profit - other expenses (variable and fixed)
<u>Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.</u>
Sales= 980,000
COGS= (116,000 + 266,000)= (382,000)
Gross profit= 598,000
Fixed selling and administrative costs= (116,000)
Variable selling and administrative costs= (141,000)
Net operating income= 341,000
I believe the answer is selective benefit.
Selective benefit refers to a form of special treatment that certain individuals have by giving a form of payment towards the others.
Example, Giving a huge amount of donation to the groups that advocate to stop global warming will turn into that group gathering support for the donation giver in the next election.
Answer:
False
Explanation:
The economic systems are hard to change even, when the result are quite clear. For Cuba North Korea and other, to embrace socialism a revolution / war occrur. To leave communinst economy the soviet union had to be compeltely broken in every other aspect as well. Government do not change their foundation every once in a while.
To change their economic and political system countries pretty much have to go through tears and blood.
A manager and employee agree on precise performance goals, and then a strategy is created to help them be achieved. This approach is known as management by objectives (MBO). Having an effective control system aids in achieving goals. Planning, organising, leading, and controlling are the four primary management activities that have replaced and replaced Fayol's functions over time. In contrast, managers work to apply procedures like organisational structuring and budgeting in order to attain organisational goals. Managers must make judgments to employ resources economically and effectively in order to meet market goals and objectives.
To learn more on objectives on management
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