Answer:
J1
Cost of Sales $3,770 (debit)
Merchandise $3,770 (credit)
J2
Merchandise $230 (debit)
Cost of Sales $230 (credit)
Explanation:
When Cullumber Company sells goods to Pharoah Company the entries to recognize the cost of sale and decrease in inventory will be :
Cost of Sales $3,770 (debit)
Merchandise $3,770 (credit)
When Pharaoh Company returns goods to Cullumber Company, the entries to de-recognize the cost of sale and recognize the replenishment of inventory will be :
Merchandise $230 (debit)
Cost of Sales $230 (credit)
Answer:
$200,000
Explanation:
This involves revenue recognition based on percentage of work completed (cost to completion technique). Revenue to be recognized per time is assessed based on the level of cost incurred compared with the total cost to be incurred.
Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a a 15-mile road, the earned value of the project at the end of the first three weeks
= 5/15 * $600,000
= $200,000
Answer:
Period costs= $48,960
Explanation:
Giving the following information:
Units sold 1,110
Variable selling and administrative expense $ 7
Fixed manufacturing overhead $18,990
Fixed selling and administrative expense $22,200
<u>Under the variable costing method, the period costs include the fixed manufacturing overhead, selling, and administrative costs both fixed and variable.</u>
<u></u>
Period costs= (7*1,110) + 18,990 + 22,200
Period costs= $48,960
The secret to achieving a union-free workplace where unions are simply unnecessary may lie in having good employee relations.
<h3><u>
What are employee relations?</u></h3>
- Employee relations are defined as an organization's efforts to establish and preserve a good working connection with its employees.
- Organizations strive to retain employees' loyalty and increase their level of engagement at work by sustaining strong, constructive employee relations.
- Organizations strive to retain employees' loyalty and increase their level of engagement at work by sustaining strong, constructive employee relations.
<h3><u>
What are ways to establish strong employee relation?</u></h3>
- Your approach for good employee relations should begin with hiring. When it comes to selecting the best applicant for the job, you should work along with your human resources specialists.
- When it comes to fostering a great workplace culture, communication is of the utmost importance. Communicate as early, frequently, aggressively, and consistently as is practicable regarding all issues affecting the company, HR issues, or community-related issues.
- First and first, all of your managers, supervisors, and staff members need to be aware of what a union is and what takes place during union organizing drives.
- Employees should have a rudimentary awareness of the reasons why unions might snoop around their workplaces and their legal rights in the event that union organizing occurs.
- Make sure there is a network in place to report any and all suspicious or anomalous third-party activity.
- Representatives from human resources must delicately balance the roles of management defender and employee advocate. They should have a strong understanding of union avoidance and detection techniques.
- By offering competitive wage and benefit structures, a real union-free culture can set itself apart from companies that use unionized workers and rival brands of goods.
- Employee retention starts with the employment process, from the first interview to the onboarding procedure, as we mentioned before. Consider creating a Pre-Hire Orientation film that truthfully outlines the organization, your brand, your values, and your culture—not to mention, of course, the job and the requirements for the position.
- Always design policies and procedures with the third party out of the picture. The greatest amount of development, encouragement, and fostering should go into things like skip-level meetings, spontaneous employee appreciation, general employee recognition, staff involvement, company-sponsored community involvement, etc.
- Establishing teams that provide employees the freedom to share their opinions, ideas, and proposals is essential for a successful employee relations approach. It is impossible to emphasize the value of receiving regular and consistent feedback from your staff.
It goes without saying that you must support great employee relations if you want to become a top employer. This will enhance employee retention in addition to assisting your business in being a union-free environment.
Know more about employee relation with the help of the given link:
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Answer:
a) credit appropriations control
Explanation:
Ridge township's governing body adopted its general fund budget for the year ended July 31, year 1, composed of estimated revenues of $100,000 and appropriations of $80,000, ridge formally integrates its budget into the accounting records. to record the appropriations of $80,000, ridge should: credit appropriations control .
In government or public sector accounting which deals with the transaction recording of government agencies, the adoption of a budget is treated thus:
Dr. Estimated Revenues
Cr. Appropriations Control
Whatever variations in amount are then credited or debited to the fund balance