Answer:
Fees Income 112,400 debit
Income Summary 112,400 credit
Income Summary 31,720 debit
Advertising Expense 3,800 credit
Depreciation Expense—Equip 800 credit
Rent Expense 2,600 credit
Salaries Expense 18,800 credit
Utilities Expense 5,720 credit
income summary 80,680 debit
Emilio Gonzalez, Drawing 6,200 credit
Emilio Gonzalez, Capital 74,480 credit
Explanation:
We close the temporary account which are, reveneus and expenses against income summary then we close this account balance against Emilio Capital Account along with Emilio's drawings.
Answer:
$ 183,544.30 = $ 183,544
Explanation:
Nuzum Corporation
Total Division M Division N
Sales $557,000 $254,000 $303,000
Variable expenses 144,910 81,280 63,630
Contribution margin 412,090 172,720 239,370
Traceable fixed expenses 273,000 128,000 145,000
Segment margin 139,090 44,720 94,370
Common fixed expenses 94,690 43,180 51,510
Net operating income $ 44,400 $ 1,540 $ 42,860
First we find the Segment CM ratio by the following formula:
Segment Contribution Margin Ratio= Segment Sales- Segment Variable Expenses/ Sales
Segment Contribution Margin Ratio= 303,000 -63630/303000
Segment Contribution Margin Ratio= 239370/303000=0.79
Then we find the break even sales in dollars.
Break Even Sales in Dollars= Traceable Fixed Expense/ Segment Contribution Margin Ratio
Break Even Sales in Dollars =145,000/0.79= $ 183,544.303
Answer:
Explanation: Employers have generally always found methods to monitor their employees. As software and tech advancements continue at break-neck speeds, employee monitoring is changing.
Software and tech platforms are being used to gather information on employees. Artificial Intelligence and Machine Learning (AI/ML) technologies used in these platforms are able to measure and analyze workforce performance. The use of data related to employees is referred to as Human Resource Analytics (HRA), or people analytics. There are many reasons to monitor employee behavior at work. For smaller businesses, the main reason for employee monitoring is to make sure that there is no unethical or illegal activity in the workplace while ensuring that technology provided is being used for the purpose it was intended. Practicing ethical employee monitoring reduces many unethical and illegal behaviors that cause small businesses to lose money. Monitoring encourages employees that would otherwise act immorally to act in an expected manner.Sometimes, there is more than enough stress at work. Employees may have to meet tight deadlines, deal with coworkers, and change work habit or style due to leadership changes. The constant monitoring of employee activities creates even more stress. If surveillance is felt to be a form of spying by employees, they will develop a feeling of mistrust from their employer. This feeling of being constantly watched will more than likely create an uncomfortable work environment and likely to decline performance .
Answer:
Following are the solution to this question:
Explanation:
Yes, at the end of the year Lauren is now under the age of eighteen but her salary is much more than $2,100, and she's eligible to its Kiddie levy. Notice that perhaps the child's net unpaid wages are a kiddie tax base. Net income that is undeserved shall be less than total salary of even an unarned infant minus $2,100 or tax payable of the child. Here, Lauren's Tax Income is measured as gross income of $9,200, minus her $3,350 = $5,850. That gross taxes unattained minus 2,100 dollars was estimated as 6.200 dollars less 2,100 dollars = 4,100 dollars taxed to use a fide and interest deduction schedule. The other $1,750 is paid 10 percent of Lauren's cost.
Answer:
3.08 years
Explanation:
The computation of the payback period is shown below:
Year Cash flows Cumulative cash flows
0 -$5,500 -$5,500
1 $1,525 -$3,975
2 $1,725 -$2,250
3 $2,125 -$125
4 $1,625 $1,500
Now the pay back period is
= 3 years + $125 ÷ $1,625
= 3.08 years
The payback period of the given cash flows is calculated by subtracting each year's cash inflow from the initial investment until the remaining amount is completely paid off. The payback period is found to be approximately 3.08 years.
The Payback Period is a capital budgeting method that calculates the time required to recoup the cost of an investment. In your case, the cash flow starts with an investment of $5,500 at Year 0, followed by cash inflows in subsequent years. Let's calculate the payback period in years.
At the end of Year 3, there is still $125 remaining from the original investment that has not been recouped. We need a part of the Year 4 cash inflow to pay back the rest. Therefore, the payback period in years is: 3 + ($125 / $1,625) = 3.08 years.
#SPJ3
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $3,700
To Treasury Stock A/c $3,500
To Additional Paid in Capital A/c $200
(Being the reissued shares are recorded)
The computation is shown below:
For cash account:
= 100 shares × $37 per share
= $3,700
For Treasury Stock Account
= 100 shares × $35 per share
= $3,500
And, for Additional Paid in Capital Account
= $3,700 - $3,500
= $200
For reissued shares, we debited the cash account and credited the treasury stock and Additional Paid-in Capital account
Answer:
for sixth tasks, she will spend 77% of 5.98 minutes =`4.60 minutes
Explanation:
Mary Catherine is a recent employee
initial time requires 17 minutes to complete a task
as she get use to the task, her experiences a learning rate is found to be 77% for each task,
how much time will it take her to complete the sixth task?
Now, we need to calculate per task
the first task, she spend 17 minutes
for second tasks, she will spend 77% of 17 minutes =
= 0.77 * 17 = 13.09 minutes
for third tasks, she will spend 77% of 13.09 minutes =
= 0.77 * 13.09 minutes = 10.08 minutes
for fourth tasks, she will spend 77% of 10.08 minutes =
== 0.77 * 10.08 minutes = 7.76 minutes
for fifth tasks, she will spend 77% of 7.76 minutes =
== 0.77 * 7.76 minutes = 5.98 minutes
for sixth tasks, she will spend 77% of 5.98 minutes =
== 0.77 * 5.98 minutes = 4.60 minutes