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Vedmedyk [2.9K]
2 years ago
13

Which of the following statements about your credit report is most accurate?

Business
1 answer:
Darina [25.2K]2 years ago
4 0

owjsbsuensienusnwjhrudbehssyhe

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Green Corporation hires six individuals on January 4, 2019, all of whom qualify for the work opportunity credit. Three of these
ivann1987 [24]

Answer: $4,650 Tax Credit

Explanation: Green Corporation is entitled to file for a work opportunity credit as it has given work opportunities to workers with significant barriers to employment.

Green Corporation is entitled to get 40% on wages paid per year on workers who worked for at least 400 hrs and 25% for at least 120 hrs

Green Corporation had 2 sets of workers in this category and they are:

Set 1 worked 400 hrs and are paid $8,500

Set 2 worked 300 hrs and are paid $5,000

to get the work opportunity credit for 2019:

$8,500 * 40%+ $5,000 *25% = $3,400+$1,250= $4,650

3 0
3 years ago
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She price
Naily [24]

Answer:

Shortage

Explanation:

I got it correct because I watched the given recording.

8 0
2 years ago
Which account will appear in the sales ledger?
lara [203]

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

6 0
2 years ago
Samantha is the store manager of a sporting goods store. A customer came in to return a fishing reel because the reel did not wo
Arturiano [62]
The type of account Samantha should recod the transaction is the contra account.
8 0
3 years ago
In its first month of operations, Cheyenne Corp. made three purchases of merchandise in the following sequence: (1) 185 units at
Dimas [21]

Answer:

a.  $1,375

b. $1,240

Explanation:

FIFO method

FIFO assumes that the inventory to arrive first will be sold first. Inventory values depend on  earlier purchases

Inventory =  185 x $5 + 75 x $6

                = $1,375

LIFO method

LIFO assumes that the inventory to arrive last will be sold first. Inventory values depend on recent purchases

Inventory =  130 x $7 + 55 x $6

                = $1,240

7 0
3 years ago
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