Answer:
<u>Cullumber Co.</u>
<u>Comprehensive income statement for the month ended January 2022.</u>
$
Sales revenue 400,000
Less Sales returns and allowances (17,000)
Net Sales 383,100
Less Cost of goods sold (201,500)
Gross Profit 181,500
Less Expenses
Rent expense 33,900
Sales discounts 10,000
Freight-out 6,300
Insurance expense 13,400
Salaries and wages expense 61,200
Income tax expense 5,300 (130,100)
Profit for the Year 51,400
Other comprehensive income 2,000
Total Comprehensive income 53,400
Explanation:
The Comprehensive income statement for the month ended January 2022 has been prepared above.
Answer:
Suppose a manager at the Post-it Brand has recently become aware that employees are taking office supplies home and taking longer coffee and lunch breaks than the personnel policy allows. The manager finds these are widespread practices and wants to solve the problem. The best way to do this would be to:
Send a memo for a meeting after which the rules and regulations would be read to every staff members. After then, penalty for every offense would be read to everyone as well and none-compliance would lead to sanction or dismiss. This would allow all staff members to be aware of both penalties and offense not to be committed.
Explanation:
<span>An human resources manager may hire more workers and encourage current workers to put in extra hours. The human resources department is responsible for hiring people and firing employees, so the hr manager is capable of hiring more workers if they need to. They are responsible for payroll and the employees's well-being, so if the manager feels that he or she can pay the workers for the extra hours they should.</span>
Answer:
Credit Sales = $48100
Explanation:
The credit sales can be calculated by reversing the formula for Closing accounts receivables.
The formula for closing accounts recevables is,
Closing accounts receivables = Opening accounts receivables + Credit sales - collections from accounts receivables
To caculate Credit sales, the formula will be:
Credit sales = Closing accounts receivables + Collections from Accounts receivables - Opening accounts receivables
Credit sales = 14000 + 53200 - 19100 = $48100
