Which of the following is not considered a special journal?

andreev551 [17]

In the 5:1 ratio the highest paid executive would earn $120,000 and with the 7:1 that executive would earn $168,000. A manager might be upset with these rules because their compensation could not exceed 5 or 7 times the amount made by the lowest paid employee. The managers compensation would not rise much from year to year and it offered no benefits if the company’s profits improved dramatically.

6 0

4 years ago

Read 2 more answers

Brain Boost Inc. is a leading educational toy company. Competitors across the globe have failed to imitate Brain Boost's product

user100 [1]

Answer:

Resource Immobility

Explanation:

A critical assumption of the resource-based model—resource immobility—is that resources tend to be "sticky" and don't move easily from firm to firm. Because of that stickiness, the resource differences that exist between firms are difficult to replicate and, therefore, can last for a long time

8 0

4 years ago

Compare and contrast the three categories of project resource.

Basile [38]

Answer:

Brainiiest Please!

Work resources − People and equipment to complete the tasks.

Cost resources − Financial cost associated with a task. Travel expenses, food expenses, etc.

Material resources − Consumables used as project proceeds. For example, paint being used while painting a wall.

Explanation:

People and equipment to complete the tasks.

Financial cost associated with a task. Travel expenses, food expenses, etc.

Consumables used as project proceeds. For example, paint being used while painting a wall.

7 0

3 years ago

On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investmen

Trava [24]

On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 80,000. SunTime’s December 31, 20X1, trial balance in SFr is as follows:

Then intended files that supposed to be here are added in the attachments below:

Part 1. Prepare a schedule translating (current rate method) the December 31, 20X1, trial balance from Swiss francs to dollars.

Answer:

Explanation:

We are tasked to Prepare a schedule translating (current rate method) the December 31, 20X1, trial balance from Swiss francs to dollars.

Schedule remeasuring Swiss francs to dollars

Trial Balance Translation Schedule

December 31, 20X1

Sfr Exchange Rate U.S dollar

Cash $7,200 0.73 $5,256

Accounts $25,000 0.73 $18,250

receivable (net)

Receivable from $6,300 0.73 $4,599

Creek

Inventory $26,000 0.73 $18,980

Plant & equipment $110,000 0.73 $80,300

Cost of good sold $71,500 0.75 $53,625

Depreciation expense $10,100 0.75 $7,575

Operating expense $35,000 0.75 $26,250

Dividends paid $16,400 0.74 $12,136

Total: $307,500 $226,971

$Accumulated - \ translation \\other \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ adjustment\\Comprehensive \\ loss$ (233,031 - 226,971) $6060

TOTAL DEBITS $233,031

Accumulated $10,100 0.73 $7,373

Depreciation

Account $13,600 0.73 $9,928

Payable

Bond $51,000 0.73 $37,230

Payable

Common stock $78,000 0.80 $62,400

Sales $154,800 0.75 $116,100

Total: $307,500 $233,031

No entry necessary $ -

TOTAL CREDITS $233,031

5 0

4 years ago

Steven operates a landscaping service on the accrual method. In September of this year Steven received a payment of $18,000 for

aleksandr82 [10.1K]

Answer:

B: $1,500 is recognized this year, $ 9,000 next year and $ 7,500 in last year of contract.

Explanation:

Steven has adopted the accrual method in recording its revenue.

Accrual is an accounting concept which means expenses and revenues are recorded by a business when they are incurred not when cash is received or paid.

Accrual basis of accounting gives more accurate and true results as compare to cash basis accounting.

The payment received in September of $ 18,000 was the income for 24 months so it was wrong to record the whole amount as an income in September.

In the first year 2 months of income is recorded for November and December ($ 18,000÷24 = $750 per month) $750 × 2 = $1500.

In the second year 12 months revenue will be recognized ($750 per month × 12 = $ 9,000)

In the last year 10 month remained out of 24 months so the income recognized was ( $750 × 10 = $ 7,500)

3 0

3 years ago