Answer:
Cash 291000 Dr
Factoring fees expense 9000 Dr
Accounts Receivables 300000 Cr
Explanation:
The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000
The factoring fees is 300000*0.03 = 9000
As a result all of the accounts receivables will be credited from the books.
Answer: A young lawyer who just finished work on a multimillion -dollar development deal downtown is hired by an economic development firm in lieu of an older lawyer who works on litigation
This is not a case of discriminating against a person because of age, as we can see the young lawyer is better suited for a job in economic development as he already has worked on a development deal, where as the older lawyer is a litigator
A large retail outlet hires an 80-year-old woman to greet customers instead of a 30-year-old woman who has been greeting customers in other stores for a decade
This may be a case of age discrimination, because the 30 year old seems to be the better candidate, because she has experience in this work and will be more energetic than the 80 year old as well
The owner of a local, hip smoothie bar in a university town just fired a graduate student who had worked at the bar for three years and instead hired a college sophomore.
This may be a case of age discrimination because the employer is firing a graduate who has had 3 years of experience and hiring someone who hasn't graduated and has no experience
Explanation:
Based on the damages that Kyle's automobile acquired, the automobile insurance that would cover this damage would be a COMPREHENSIVE PHYSICAL DAMAGE. This kind of insurance is what protects your vehicle and since it is comprehensive, other damages including fire and theft could also be covered.
Answer:
C. Equilibrium Wage
Explanation:
The intersection of labor demand and supply curves forms the equilibrium wage. The term equilibrium means balanced. Firms will continue hiring more workers as long as the marginal revenue product of labor is greater than the cost of labor. In other words, a business will employ an additional worker if the benefits derived from that worker are greater than the wage paid to the worker.
If the benefits derived from hiring an extra employee match the wage rate, the organization ceases to employ. Equilibrium wage is the wage rate at which a firm stops hiring. At the equilibrium wage, the marginal revenue product of labor is equal to the wage rate. In other words, the firm will not benefits from employing an extra worker.
Rent and maintenance expenses are the service department that would most likely to use square feet of floor space occupied as the allocation base to assign its costs to operating departments.
<h3>What is cost allocation?</h3>
Cost allocation is a financial term, that is used to share costs that are common among different departments, services or inventory items.
In other words, cost allocation is the method of assigning costs to cost objects.
Learn more about cost allocation here: brainly.com/question/15681457
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