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oksian1 [2.3K]
3 years ago
10

Great Kids Co. began providing day care for the children of employees of a large corporation on January 15 for an agreed monthly

fee of $9,000. The first payment is to be received on February 15. The adjusting entry required by Great Kids Co. on January 30 includes:
Business
1 answer:
miv72 [106K]3 years ago
8 0

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is given below:

Cash A/c Dr $4,500  

      To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

As the payment is collected that means cash balance is rise so it debited the cash account and credited the child care fees earned account.

As The monthly fee is $9,000 but we have to determine for 15 days, so it is

= $9,000 ÷ 2

= $4,500

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Ryan could not stay awake at work ââ¬â and was unable to remember and keep track of key parts of his job. When questioned, he t
kaheart [24]

No you cannot fire someone for any sort of disability, it would be discrimination.


Hope this helped:)

3 0
3 years ago
Bruce was driving to work yesterday when he was nearly run off the road by a speeding furniture delivery truck. On the back of t
BabaBlast [244]

Answer: Encourage and track complaints

Explanation:

Encourage and track complaints is a method of customer service some organization implemented to curb some customer service issue or likely monitor how well their product and services are or how well their workers treat their customers. This method of customer service operation helps the firm not to loose potential clients and customers already with them but still likes in the hands the clients or customer's feedback.

4 0
3 years ago
On the first day of its fiscal year, Scooter Co. purchased a computer system for a total cost of $50,000. The computer system is
Gnom [1K]

Answer:

$20000

Explanation:

Given: Total cost of computer system= $50000.

           Residual value= $5000.

           Useful life= 5 years.

Now, calculating depreciation expense as per double-declining balance method.

Depreciation\ expense= (cost- Accumlated\ depreciation)\times \frac{2}{useful\ life}

⇒ Depreciation\ expense= (\$ 50000- \$0)\times \frac{2}{5}

⇒ Depreciation\ expense= \$ 50000\times \frac{2}{5}

∴ Depreciation\ expense= \$ 20000

Hence, $20000 is the depreciation expense for first year as per double-declining balance method.

8 0
3 years ago
14. Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada’s nominal tar
VMariaS [17]

Answer:

The effective rate of protection for Canada’s steel industry is 21%

Explanation:

The computation of the effective rate is shown below:

Steel percentage = (Production worth of steel) ÷ (Taconite worth)

                             = ($1,000,000) ÷ ($100,000)

                             = 10%

And the tariff rate for steel is 20%

And the taconite percentage is 10%

So, the effective rate would be equal to

= Tariff rate for steel + taconite percentage × steel percentage

= 20% + 10% × 10%

= 20% + 1%

= 21%

7 0
3 years ago
Erin works for a dry-cleaning company that has a contract with the U.S. government. To save on cleaning fluid, her boss orders h
Karo-lina-s [1.5K]

Answer:

A) is not protected by the whistleblower statute because she failed to inform the proper party of the contract violation.

Explanation:

A whistleblower is someone who exposes illegal or unethical activities carried on by public or private organizations including government entities, businesses, other non-profit organizations, etc.

Gossiping about what happens in an organization is not exposing their wrongful activities, in order for an individual to be considered a whistleblower, he/she must inform the illegal or unethical activities to the public authorities.

8 0
3 years ago
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